[Form 4] Lineage, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Lineage, Inc. officer Brian Jeffrey McGowan reported mixed equity transactions in company common stock. He acquired 3,735 shares on a grant, award, or other acquisition basis at a stated price of $0.00 per share, reflecting shares issued upon earnout and vesting of performance-based restricted stock units under the 2025 Bonus Program.

On the same date, 1,231 shares were disposed of at $38.30 per share to satisfy tax withholding obligations tied to the vesting of restricted stock units. After these transactions, McGowan directly owned 24,399 shares of Lineage common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider McGowan Brian Jeffrey

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,735	$0.00	--
Tax Withholding	Common Stock	1,231	$38.30	$47K

Holdings After Transaction: Common Stock — 25,630 shares (Direct)

Footnotes (1)

1. Represents shares of Common Stock that were issued upon earnout and vesting of performance-based restricted stock units under the 2025 Bonus Program. Represents shares withheld by the Issuer in satisfaction of tax withholding obligations resulting from the vesting of restricted stock units.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McGowan Brian Jeffrey

(Last) (First) (Middle)

C/O LINEAGE, INC.

46500 HUMBOLDT DRIVE

(Street)

NOVI MI 48377

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Lineage, Inc. [ LINE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	02/23/2026		A		3,735	A	$0(1)	25,630	D
Common Stock	02/23/2026		F(2)		1,231	D	$38.3	24,399	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of Common Stock that were issued upon earnout and vesting of performance-based restricted stock units under the 2025 Bonus Program.

2. Represents shares withheld by the Issuer in satisfaction of tax withholding obligations resulting from the vesting of restricted stock units.

Remarks:

Chief Network Optimization Officer

	/s/ Brian Golper, as Attorney-in-Fact for Brian Jeffrey McGowan	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Lineage (LINE) report for Brian Jeffrey McGowan?

Lineage reported that officer Brian Jeffrey McGowan received 3,735 common shares as a grant tied to performance-based restricted stock units and disposed of 1,231 shares to cover tax withholding. Following these transactions, he directly owned 24,399 Lineage common shares.

Was the Lineage (LINE) insider transaction a purchase or sale of shares?

The filing shows a mixed activity: McGowan acquired 3,735 Lineage common shares via a grant, not an open-market purchase, and disposed of 1,231 shares as a tax-withholding transaction related to restricted stock unit vesting rather than a discretionary sale.

What price per share was used for the Lineage (LINE) tax-withholding disposition?

For the tax-withholding disposition, 1,231 Lineage common shares were delivered at a reported price of $38.30 per share. This transaction was specifically to satisfy tax obligations triggered by the vesting of restricted stock units, according to the Form 4 disclosure.

How many Lineage (LINE) shares does Brian Jeffrey McGowan own after the Form 4 transactions?

After the reported grant and tax-withholding disposition, Brian Jeffrey McGowan directly holds 24,399 Lineage common shares. This balance reflects both the 3,735-share award tied to performance-based restricted stock units and the 1,231 shares withheld for tax liabilities.

What is the source of the 3,735 Lineage (LINE) shares granted to McGowan?

The 3,735 Lineage common shares granted to McGowan were issued upon earnout and vesting of performance-based restricted stock units under the company’s 2025 Bonus Program, as described in the Form 4 footnotes explaining the nature of this equity award.

Did Lineage (LINE) insider McGowan pay cash for the 3,735 awarded shares?

The filing reports a price of $0.00 per share for the 3,735 awarded Lineage shares, indicating they were issued as an equity grant rather than bought in the market. They resulted from performance-based restricted stock units vesting under the 2025 Bonus Program.