Lineage, Inc. — Director's Dealing 2024

Jul 29, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lineage, Inc. (LINE)
CIK: 0001868159
Period of Report: 2024-07-26

Reporting Person: Vanderelzen Sean Robert (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-07-26	Common Stock	A	16448	—	Acquired	16448	Direct
2024-07-26	Common Stock	F	6922	$78	Disposed	9526	Direct
2024-07-26	Common Stock	A	22473	—	Acquired	31999	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-07-26	LTIP Units	$	A	40895	Acquired		Common Stock (40895)	Direct

Footnotes

F1: Represents the grant of shares of common stock ("Shares") awarded in connection with the Issuer's initial public offering.

F2: Represents the grant of time-based restricted stock units ("RSUs"), which are contingent rights to receive Shares on a one-for-one basis and which vest in equal annual installment as to 1/3 of the RSUs on each of April 1, 2025, 2026 and 2027, subject to continued service with the Issuer through such dates.

F3: Represents the grant of time-based units of partnership interest in Lineage OP, LP (the "Operating Partnership") designated as LTIP Units ("LTIP Units") under the Agreement of Limited Partnership of the Operating Partnership dated as of July 24, 2024 (the "Partnership Agreement"). The LTIP Units vest in equal annual installment as to 1/3 of the LTIP Units on each of April 1, 2025, 2026 and 2027, subject to continued service with the Issuer through such dates. Subject to achieving certain capital account balances, each vested LTIP Unit may be converted, at the election of the holder, on a one-for-one basis to Partnership Common Units ("Partnership Common Units"),

F4: (Continued from footnote 3) which are units of partnership interest in the Operating Partnership, as designated under the Partnership Agreement. Holders of Partnership Common Units acquired from the conversion of LTIP Units have the right to redeem their Partnership Common Units in exchange for cash or, at the election of the Issuer, Shares, on a one-for-one basis (subject to certain adjustments), provided at least 18 months have passed since the LTIP Units were granted. LTIP Units and Partnership Common Units do not have expiration dates.