Medline Inc.: 10% owner GIC Private Ltd sold 20,678,630 shares

What happened

• GIC Private Ltd, identified as a 10% owner, sold a total of 20,678,630 Medline Inc. shares in multiple open-market transactions. The filing lists the following sales and proceeds:
  • Oct 2, 2026 — 2,570,999 shares at $35.35 for $90,884,815 (sale)
  • Oct 2, 2026 — 7,146,941 shares at $34.33 for $245,354,485 (sale)
  • Oct 5, 2026 — 1,688,690 shares at $35.78 for $60,421,328 (sale)
  • Oct 6, 2026 — 2,088,987 shares at $35.05 for $73,218,994 (sale)
  • Oct 6, 2026 — 7,183,013 shares at $35.05 for $251,764,606 (sale)
• Total proceeds reported: $721,644,228.

Key details

• Transaction dates and prices: Oct 2, Oct 5 and Oct 6, 2026; prices reported as weighted averages (see footnotes for ranges).
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes:
  • F1: weighted average price for some Oct 2 sales; underlying prices ranged $35.30 to $35.70.
  • F4: weighted average price for some Oct 6 sales; underlying prices ranged $35.59 to $36.23.
  • F3: the securities are owned directly by Hux; Hux shares voting and dispositive power with GIC Special Investments Pte. Ltd. and GIC; GIC is wholly owned by the Government of Singapore, which disclaims beneficial ownership.
  • F2: each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.
• Filing date: Oct 6, 2026. The filing does not state whether it was filed late.

Why it may matter

• This filing reports open-market sales by a 10% owner, not an executive option exercise or a gift.
• The reported prices are weighted averages; the filing provides price ranges in footnotes for portions of the trades.
• A filing does not show why the insider traded or why the company acted.