BX Mozart ML-2 Holdco L.P. 4
4 · Medline Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Medline (MDLN) 10% Owner BX Mozart ML-2 Sells $1.13B Shares
What Happened
- BX Mozart ML-2 Holdco L.P. (a reported 10% owner) sold multiple blocks of Medline Inc. (MDLN) Class A common stock on March 10, 2026. The reported sales: 16,479,083 shares, 8,241,723 shares, 1,886,636 shares and 1,245,544 shares at $40.51 per share, totaling approximately $1,128,268,756. An additional 366,337 shares were disposed via an “other” disposition (code J) with no price shown in the excerpt.
- Footnote F1 explains the block sales were in connection with the closing of a secondary offering and were sold to the underwriters at the public offering price ($41.00) less underwriting discounts ($0.492), yielding the reported net per-share amount (~$40.51).
Key Details
- Transaction dates and prices: March 10, 2026 — multiple disposals at $40.51 per share (reported); one J-coded disposition of 366,337 shares (no price listed).
- Total disclosed proceeds (four priced blocks): ≈ $1.128 billion; plus 366,337 shares disposed by other means (per filing).
- Shares owned after transaction: not specified in the provided excerpt; the filing reflects holdings across several affiliated entities (see footnotes F2–F7).
- Notable footnotes:
- F1: Sales tied to secondary offering and underwriter allocation (net price shown).
- F9: An affiliate (Mozart Aggregator II LP) made in‑kind distributions of shares to an investor and affiliated entities; distributees agreed to the lock-up agreement terms.
- F2–F7: Describe the ownership chain among Blackstone-related entities and disclaimers of beneficial ownership among reporting persons.
- Filing timeliness: Reported transaction date Mar 10, 2026; Form 4 filed Mar 12, 2026 (appears timely under Section 16 reporting rules).
Context
- This is an institutional/affiliate sale by a 10% owner tied to a secondary offering and in‑kind distributions — not an individual executive selling on personal account. Such offering-related dispositions are typically routine liquidity transactions and do not by themselves signal management sentiment.
- Transaction codes: S = Sale (open market/private sale to underwriters here); J = Other acquisition/disposition (used here for in-kind distribution). For a full ownership picture across affiliates, consult the complete Form 4 and related filings.
Insider Transaction Report
Form 4
Medline Inc.MDLN
BX Mozart ML-2 Holdco L.P.
10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F7][F8]2026-03-10$40.51/sh−16,479,083$667,534,694→ 109,250,239 total(indirect: See Footnotes) - Sale
Class A Common Stock
[F1][F3][F7][F8]2026-03-10$40.51/sh−8,241,723$333,855,715→ 10,185 total(indirect: See Footnotes) - Sale
Class A Common Stock
[F1][F4][F7][F8]2026-03-10$40.51/sh−1,886,636$76,423,851→ 12,507,704 total(indirect: See Footnotes) - Sale
Class A Common Stock
[F1][F5][F7][F8]2026-03-10$40.51/sh−1,245,544$50,454,496→ 1,539 total(indirect: See Footnotes) - Other
Class A Common Stock
[F9][F6][F7][F8]2026-03-10−366,337→ 2,428,681 total(indirect: See Footnotes)
Footnotes (9)
- [F1]In connection with the closing of the secondary offering of Class A common stock ("Class A Common Stock") of Medline Inc. (the "Issuer"), certain of the Reporting Persons sold shares of Class A Common Stock to the underwriters at a price per shares equal to the public offering price of $41.00 per shares of Class A Common Stock, less the underwriting discounts and commissions of $0.492 per share.
- [F2]Reflects securities of the Issuer held directly by BX Mozart ML-2 Holdco L.P. BX Mozart ML-2 Holdco GP L.L.C. is the general partner of BX Mozart ML-2 Holdco L.P. Mozart Aggregator II LP is the managing member of BX Mozart ML-2 Holdco GP L.L.C. Blackstone Management Associates VIII L.P. is the general partner of Mozart Aggregator II LP. BMA VIII L.L.C. is the general partner of Blackstone Management Associates VIII L.P.
- [F3]Reflects securities of the Issuer held directly by BX Mozart ML-1 Holdco L.P. BX Mozart ML-1 Holdco GP L.L.C. is the general partner of BX Mozart ML-1 Holdco L.P. BCP Mozart Aggregator L.P. is the managing member of BX Mozart ML-1 Holdco GP L.L.C. BCP 8 Holdings Mozart Manager L.L.C. is the general partner of BCP Mozart Aggregator L.P. BMA VIII L.L.C. is the managing member of BCP 8 Holdings Mozart Manager L.L.C.
- [F4]Reflects securities of the Issuer held directly by Mozart Aggregator II UNLV Holdco L.P. Blackstone Management Associates VIII L.P. is the general partner of Mozart Aggregator II UNLV Holdco L.P. BMA VIII L.L.C. is the general partner of Blackstone Management Associates VIII L.P.
- [F5]Reflects securities of the Issuer held directly by Mozart Aggregator UNLV Holdco L.P. BCP 8 Holdings Mozart Manager L.L.C. is the general partner of Mozart Aggregator UNLV Holdco L.P. BMA VIII L.L.C. is the managing member of BCP 8 Holdings Mozart Manager L.L.C.
- [F6]Reflects shares of Class A Common Stock of the Issuer held directly by Mozart Aggregator II LP. Blackstone Management Associates VIII L.P. is the general partner of Mozart Aggregator II LP. BMA VIII L.L.C. is the general partner of Blackstone Management Associates VIII L.P.
- [F7]Blackstone Holdings II L.P. is the managing member of BMA VIII L.L.C. Blackstone Holdings I/II GP L.L.C. is the general partner of Blackstone Holdings II L.P. Blackstone Inc. is the sole member of Blackstone Holdings I/II GP L.L.C. The sole holder of the Series II preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.
- [F8]Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.
- [F9]On March 10, 2026, Mozart Aggregator II LP initiated in-kind distributions of shares of Class A Common Stock to one of its investors and certain affiliated entities of that investor. Such distributees have agreed to be bound in writing by the restrictions set forth in the Lock Up Agreement entered into by and among the Reporting Persons and the underwriters.