Sean Robert Vanderelzen - Jul 26, 2024 Form 4 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 26, 2024
Transactions value $: -$539,916
Form type: 4
Date filed: 7/29/2024, 05:24 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	+16.4K		$0.00	16.4K	Jul 26, 2024	Direct	F1
transaction	LINE	Common Stock	Tax liability	-$540K	-6.92K	-42.08%	$78.00^*	9.53K	Jul 26, 2024	Direct
transaction	LINE	Common Stock	Award	$0	+22.5K	+235.91%	$0.00	32K	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	+40.9K		$0.00	40.9K	Jul 26, 2024	Common Stock	40.9K		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 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.