Sean Robert Vanderelzen - Jul 25, 2024 Form 3 Insider Report for Lineage, Inc. (LINE)

Role
Chief Human Resources Officer
Signature
/s/ Brian Golper, as Attorney-in-Fact, for Sean Robert Vanderelzen
Stock symbol
LINE
Transactions as of
Jul 25, 2024
Transactions value $
$0
Form type
3
Date filed
7/25/2024, 06:53 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 77.1K By Vanderelzen, 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 The Reporting Person's spouse is the manager of the Vanderelzen, LLC.

Remarks:

Exhibit List: Exhibit 24.1 - Power of Attorney