MiniMed Group: 10% owner Medtronic sold 252,813,348 shares

What happened

• Medtronic plc, a 10% owner, disposed of 252,813,348 shares of MiniMed Group common stock in an exchange on Oct 15, 2026, receiving 55,032,401 ordinary shares of Medtronic. The filing reports price per share and total value as N/A. Following the exchange, Medtronic no longer owns any MiniMed common stock (0 shares).

Key details

• Transaction date: Oct 15, 2026; transaction code: J (other acquisition or disposition).
• Consideration: 55,032,401 ordinary shares of Medtronic received in exchange; price per share and total cash value reported as N/A.
• Shares disposed: 252,813,348 MiniMed shares.
• Shares owned after the transaction: 0.
• Footnote: On Oct 15, 2026, Medtronic completed an exchange offer pursuant to which it disposed of 252,813,348 shares of MiniMed common stock in exchange for 55,032,401 Medtronic ordinary shares; following completion, Medtronic no longer owns any MiniMed common stock.
• Filing date: Oct 16, 2026.

Why it may matter

• The filer is a 10% owner, which is a large holder rather than an executive.
• The transaction was an exchange offer (not a straightforward market sale).
• This filing does not show why the insider traded or why the company acted.