TC Group Cayman Investment Holdings, L.P. 4

What Happened
TC Group Cayman Investment Holdings, L.P. (a Carlyle-linked 10% owner) disposed of a large block of Medline Class A shares on March 10, 2026. The filing shows an open‑market or private sale of 26,105,840 shares at $41.00 each (proceeds ≈ $1,070,339,440). In addition, 2,113,483 shares were reported as an “other disposition” (footnotes indicate this was a pro‑rata distribution for no consideration to a limited partner, subject to lock‑up restrictions).

Key Details

• Transaction date: 2026-03-10. Form 4 filed: 2026-03-12 (timely within reporting window).
• Sale (code S): 26,105,840 shares @ $41.00 = ~$1.070 billion.
• Other disposition (code J): 2,113,483 shares — footnotes say this was a pro‑rata distribution for no consideration and subject to lock‑up.
• Ownership after transactions: Carlyle‑affiliated funds still hold large positions across multiple entities (footnotes list combined holdings of roughly 127.6M Class A shares across the named holdcos).
• Notable footnotes: multiple Carlyle entities/holdcos are involved; The Carlyle Group is the ultimate parent; the distribution was for no consideration and limited by a lock‑up. Separate Form 4s were filed for related entities per the filing remarks.
• Nature of insider: This is an institutional 10% owner (Carlyle-related), not an individual executive — a disposition of institutional holdings, not a manager buying/selling stock for personal investment.

Context

• This was a large institutional sale and a pro‑rata distribution, not an option exercise or a taxable‑withholding event. Sales by large shareholders can reflect portfolio rebalancing or liquidity needs; such transactions are informational but do not alone indicate management sentiment.
• Because the reporting party is a 10% institutional owner and multiple affiliated entities are involved, the filing discloses how holdings were reallocated among Carlyle‑linked funds and that some distributed shares remain subject to lock‑up restrictions.