Sudarsan V. Thattai - Jul 25, 2024 Form 3 Insider Report for Lineage, Inc. (LINE)

Role
Chief Information and Chief Transformation Officer Exhibit List: Exhibit 24.1 - Power of Attorney
Signature
/s/ Brian Golper, as Attorney-in-Fact, for Sudarsan V Thattai
Stock symbol
LINE
Transactions as of
Jul 25, 2024
Transactions value $
$0
Form type
3
Date filed
7/25/2024, 06:48 AM
Next filing
Jul 29, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding LINE Legacy Class B Units Jul 25, 2024 Common Stock 147K By Itihaas Dynasty Trust, LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Legacy Class B Units ("Legacy Class B Units") are vested units of partnership interest in Lineage OP, LP (the "Operating Partnership"), as designated under the Agreement of Limited Partnership of the Operating Partnership dated as of July 24, 2024 (the "Partnership Agreement"). From time to time prior to the third anniversary of the closing of the Issuer's IPO, the Legacy Class B Units will be reclassified into Partnership Common Units on a one-for-one basis pursuant to the terms of the Partnership Agreement, with cash paid in lieu of fractional interests. Holders of Partnership Common Units have the right to redeem their Partnership Common Units in exchange for cash or, at the election of the Issuer, shares of Common Stock on a one-for-one basis. The Partnership Common Units do not have expiration dates.
F2 Mr. Thattai has power to vote and dispose of these securities, but disclaims beneficial ownership over these securities except to the extent of his pecuniary interest therein.

Remarks:

Chief Information and Chief Transformation Officer Exhibit List: Exhibit 24.1 - Power of Attorney