Initial Statement of Beneficial Ownership (Form 3)

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Wallace Steven P. 2. Date of Event Requiring Statement (Month/Day/Year) 04/01/2026 3. Issuer Name and Ticker or Trading Symbol BAXTER INTERNATIONAL INC [BAX] (Last) (First) (Middle) ONE BAXTER PARKWAY 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President, Adv. Surgery 5. If Amendment, Date Original Filed (Month/Day/Year) (Street) DEERFIELD, IL 60015 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock, $1 par value 70,282 D

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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	(1)	06/01/2032	Common Stock, $1 par value	8,918	$74.47	D
Stock Option (Right to Buy)	(2)	03/01/2033	Common Stock, $1 par value	15,352	$39.06	D
Stock Option (Right to Buy)	(3)	03/06/2035	Common Stock, $1 par value	17,840	$35.44	D
Stock Option (Right to Buy)	(4)	02/27/2036	Common Stock, $1 par value	25,862	$20.37	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Wallace Steven P. ONE BAXTER PARKWAY DEERFIELD, IL 60015			President, Adv. Surgery

Signatures

/s/ Kimberly Olson, as attorney in-fact for Steven P. Wallace		04/09/2026
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The options became exercisable in three equal annual installments beginning on June 1, 2023, the first anniversary of the grant date.
(2)	The options became exercisable in three equal annual installments beginning on March 1, 2024, the first anniversary of the grant date.
(3)	The options became exercisable in three equal annual installments beginning on March 6, 2026, the first anniversary of the grant date.
(4)	The options become exercisable in three equal annual installments beginning on March 1, 2027, the first anniversary of the grant date.

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