GIC Sells Over $721M Worth of Medline Inc. Stock

Executive Summary

Between October 2 and October 6, 2026, 10% beneficial owners GIC Private Ltd, GIC Special Investments Pte Ltd, and Hux Investment Pte. Ltd. executed a series of large-scale open market sales of Medline Inc. ($MDLN) Class A Common Stock. In total, the reporting persons sold 20,678,630 shares for an aggregate consideration of approximately $721.64 million at weighted-average prices ranging from $34.33 to $35.78 per share.

Transaction Breakdown

• October 2, 2026:
  • Direct sale of 2,570,999 shares at a weighted-average price of $35.35 ($90.88M).
  • Indirect sale via Hux Investment of 7,146,941 shares at $34.33 ($245.35M).
• October 5, 2026:
  • Direct sale of 1,688,690 shares at a weighted-average price of $35.78 ($60.42M).
• October 6, 2026:
  • Direct sale of 2,088,987 shares at $35.05 ($73.22M).
  • Indirect sale via Hux Investment of 7,183,013 shares at $35.05 ($251.76M).

Ownership Impact

Following these transactions:

• GIC Private Ltd retains direct ownership of 16,453,806 shares.
• Hux Investment Pte. Ltd. indirectly holds 77,225,493 shares.
• Combined retained beneficial ownership stands at 93,679,299 shares, indicating the group remains a significant multi-billion-dollar stakeholder in Medline Inc. despite the sizable liquidity event.