Jeffrey Alvarez Rivera - Jul 26, 2024 Form 4 Insider Report for Lineage, Inc. (LINE)

Role
Global Chief Operations Officer
Signature
/s/ Brian Golper, as Attorney-in-Fact, for Jeffrey Alvarez Rivera
Stock symbol
LINE
Transactions as of
Jul 26, 2024
Transactions value $
-$219,804
Form type
4
Date filed
7/29/2024, 05:20 PM
Previous filing
Jul 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LINE Common Stock Award $0 +8.22K $0.00 8.22K Jul 26, 2024 Direct F1
transaction LINE Common Stock Tax liability -$267K -3.42K -41.56% $78.00* 4.81K Jul 26, 2024 Direct
transaction LINE Common Stock Purchase $46.8K +600 +12.48% $78.00* 5.41K Jul 26, 2024 Direct F2

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
transaction LINE LTIP Units Award $0 +96.5K $0.00 96.5K Jul 26, 2024 Common Stock 96.5K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of shares of common stock ("Shares") awarded in connection with the Issuer's initial public offering.
F2 Represents the purchase of Shares from the underwriters in the Issuer's initial public offering.
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.

Remarks:

Global Chief Operations Officer