Medline (MDLN) 10% owner Hellman & Friedman Capital Partners X (Parallel) acquired 18,156,867 shares

Insider transactions reported

Hellman & Friedman Capital Partners X (Parallel), L.P. (10% owner at Medline Inc., MDLN) reported that they acquired 18,156,867 shares, and disposed of 18,156,867 shares on May 21, 2026. After these transactions the filing shows 18,176,177 shares held indirectly (By Mend Investment Holdings I, L.P.) and 82,453,349 shares held indirectly (By Mend Investment Holdings I, L.P.).

Reporting person

Hellman & Friedman Capital Partners X (Parallel), L.P.

Options and other derivatives

Holdings before and after

• Class A Common Stock: 19,310 to 18,176,177 indirect, By Mend Investment Holdings I, L.P.
• Class B Common Stock: 100,610,216 to 82,453,349 indirect, By Mend Investment Holdings I, L.P.
• Common Units: 100,610,216 to 82,453,349 indirect, By Mend Investment Holdings I, L.P.

Other positions listed

• Class A Common Stock: 74,496,172 indirect, By Hellman & Friedman Capital Partners X (Parallel), L.P.
• Class A Common Stock: 7,781,788 indirect, By HFCP X (Parallel - A), L.P.
• Class A Common Stock: 4,176,227 indirect, By Mend Partners II, L.P.

Footnotes from the filing

1. 1. Pursuant to the terms of an exchange agreement, dated as of December 16, 2025, holders have the right to exchange the common units of Medline Holdings, LP ( Common Units ) for shares of Class A common stock ( Class A Common Stock ) of Medline Inc. (the Issuer ), on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications. These exchange rights do not expire
2. 2. On May 21, 2026, Mend Investment Holdings I, L.P. exchanged 18,156,867 Common Units for an equal number of shares of Class A Common Stock and the Issuer automatically cancelled an equivalent number of shares of the Class B common stock ( Class B Common Stock ) of the Issuer held by Mend Investment Holdings I, L.P.
3. 3. Hellman & Friedman Investors X, L.P. ( Investors X GP ) is the general partner of Hellman & Friedman Capital Partners X (Parallel), L.P. and HFCP X (Parallel - A), L.P. Mend Partners GP, LLC ( Mend GP ) is the general partner of Mend Partners II, L.P. Investors X GP is the managing member of Mend GP. Mend Investment Holdings GP, LLC ( Mend Investment GP ) is the general partner of Mend Investment Holdings I, L.P. Hellman & Friedman Capital Partners X, L.P. ( HFCP X ) is the managing member of Mend Investment GP. Investors X GP is the general partner of HFCP X. H&F Corporate Investors X, Ltd. ( Investors X Ltd. ) is the general partner of Investors X GP.
4. 4. (Continued from footnote 3) A three-member board of directors of Investors X Ltd. has voting and investment discretion over the securities held by Hellman & Friedman Capital Partners X (Parallel), L.P., HFCP X (Parallel - A), Mend Partners II, L.P., and Mend Investment Holdings I, L.P. Each of the members of the board of directors of Investors X Ltd. disclaims beneficial ownership of such shares.
5. 5. Shares of the Class B Common Stock have no economic value and have one vote per share. One share of Class B Common Stock is issued for each Common Unit held. Upon an exchange of Common Units for shares of the Class A common stock, an equivalent number of shares of Class B Common Stock held by such holder will be automatically cancelled.

Transaction codes in this filing

Conversion of a derivative:

Code C marks the conversion of a derivative, such as preferred stock or units, into another security.

Other acquisition or disposition:

Code J marks a transaction that fits no other code. The footnotes describe what happened.

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