GIC Private Ltd, GIC Special Investments Pte Ltd, and Hux Investment Pte. Ltd. filed a joint Form 4 with the SEC on August 11, 2026, reporting a sale of Class A Common Stock in Medline Inc. (NASDAQ:MDLN) that occurred on August 7, 2026.

Key Highlights

  • Shares sold: 590,284 shares of Class A Common Stock were disposed of on August 7, 2026.
  • Weighted average price: The reported sale price was $35.58 per share, representing a weighted average across multiple transactions ranging from $35.20 to $35.72, inclusive.
  • Direct holdings after transaction: GIC Private Ltd reported direct beneficial ownership of 24,402,482 shares of Class A Common Stock following the sale.
  • Indirect holdings: 91,555,447 shares of Class A Common Stock are held indirectly through Hux Investment Pte. Ltd.
  • Reporting persons: GIC Private Ltd, GIC Special Investments Pte Ltd, and Hux Investment Pte. Ltd. are each identified as 10% owners of Medline Inc.
  • Government connection: According to the filing, GIC is wholly owned by the Government of Singapore and "was set up with the sole purpose of managing Singapore's foreign reserves."

GIC-Affiliated Entities Report Class A Share Sale in Medline Inc.

The Form 4 filing covers three reporting persons, all located at 168 Robinson Road, #37-01 Capital Tower, Singapore 068912: GIC Private Ltd, GIC Special Investments Pte Ltd ("GIC SI"), and Hux Investment Pte. Ltd. ("Hux"). All three are identified as 10% owners of Medline Inc., which trades on NASDAQ:MDLN. The filing was submitted on August 11, 2026, with the earliest reported transaction dated August 7, 2026.

According to the filing, 590,284 shares of Class A Common Stock were disposed of (transaction code "S") on August 7, 2026, at a weighted average price of $35.58. The filing notes that these shares were sold in multiple transactions at prices ranging from $35.20 to $35.72, inclusive, and that full information on shares sold at each separate price is available upon request. Following this transaction, GIC Private Ltd directly holds 24,402,482 shares. An additional 91,555,447 shares are reported as indirectly held through Hux.

The filing describes the ownership structure: the 91,555,447 shares are owned directly by Hux, which shares voting and dispositive power with GIC SI and GIC Private Ltd. GIC SI is wholly owned by GIC Private Ltd and serves as its private equity investment arm. Each reporting person disclaims beneficial ownership of the reported securities "except to the extent of its pecuniary interest therein," and the filing states that this report "shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16." The Government of Singapore also disclaims beneficial ownership of these securities, according to the filing.

What Was Disclosed

The filing reports a sale of 590,284 Class A Common Stock shares in Medline Inc. by GIC-affiliated entities on August 7, 2026, at a weighted average price of $35.58, with direct holdings afterward totaling 24,402,482 shares and indirect holdings of 91,555,447 shares through Hux Investment Pte. Ltd.