Medline (MDLN) COO Miller received 25,788 shares

Insider transactions reported

Stephen L Miller (Chief Operating Officer at Medline Inc., MDLN) reported that they received 25,788 shares between Dec 16, 2025 and Mar 5, 2026. After these transactions the filing shows 25,788 shares held directly.

Reporting person

Miller Stephen L

Role

Chief Operating Officer

Options and other derivatives

Holdings before and after

• Class A Common Stock: 0 to 25,788 direct
• Incentive Units of Medline Holdings, LP: 0 to 272,725 indirect, See Footnote

Footnotes from the filing

1. 1. Represents a grant of restricted stock units, of which 25% vest on June 15, 2026 and the remaining 75% vest in three equal annual installments beginning on March 1, 2027.
2. 2. Reflect incentive units of Medline Holdings, LP ( Incentive Units ), which are profit interests having economic characteristics similar to stock appreciation rights. Vested Incentive Units are convertible, at the holder's election, into a number of common units of Medline Holdings, LP ( Common Units ) generally equal to (a) the product of the number of vested Incentive Units to be converted with a given per unit participation threshold and then-current difference between the per unit value of a Common Unit at the time of the conversion (based on the public trading price of a share of the Issuer's Class A common stock ( Class A Common Stock )) and the per unit participation threshold of such vested Incentive Units divided by (b) the per unit value of a Common Unit at the time of the conversion (based on the public trading price of a share of Class A Common Stock), subject to certain adjustments.
3. 3. (Continued from Footnote 2 above) Common Units are exchangeable on a one-for-one basis for shares of Class A Common Stock pursuant to the terms of an exchange agreement, dated as of December 16, 2025. These Incentive Units have no expiration date. Such Incentive Units are held indirectly through Medline Management Aggregator LLC.
4. 4. These securities were acquired in connection with the reclassification of the interests of Medline Holdings, LP prior to the Issuer's initial public offering (as more fully described in the Registration Statement on Form S-1). These securities were previously reported on the Reporting Person's Form 3 filed on December 17, 2025.
5. 5. These securities are held by a trust, of which the Reporting Person is a trustee.
6. 6. 60% of these Incentive Units have vested, and the remaining 40% vest in two equal annual installments beginning on July 1, 2026.
7. 7. 40% of these Incentive Units have vested, and the remaining 60% vest in three equal annual installments beginning on April 1, 2026.
8. 8. 20% of these Incentive Units have vested, and the remaining 80% vest in four equal annual installments beginning on March 29, 2026.
9. 9. These Incentive Units vest in five equal annual installments beginning on March 28, 2026.

Transaction codes in this filing

Grant or award:

Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.

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