[Form 4] Lineage, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Lineage, Inc. (LINE) reported an insider share purchase by its Chief Financial Officer. On 11/13/2025, the CFO acquired 30,000 shares of common stock in an open-market transaction at a weighted average price of $33.7399 per share, with individual trades ranging from $33.73 to $33.74. Following this transaction, the reporting person beneficially owns 60,000 shares directly and 29,500 shares indirectly through an IRA.

Insights

Equity Analyst

CFO made an open-market purchase of company stock, increasing direct and indirect ownership; governance impact appears modest but directionally favorable.

The filing reports that the **Chief Financial Officer** of **Lineage, Inc.** purchased **30,000** shares of common stock on 11/13/2025 in an open-market transaction (code "P"). The weighted average purchase price was about $33.7399 per share, with individual trades occurring between $33.73 and $33.74. Following this transaction, the reporting person holds **60,000** shares directly and **29,500** shares indirectly through an IRA, which raises total beneficial ownership.

This kind of transaction changes who owns existing shares but does not alter the number of shares outstanding or the company’s capital structure. The main effect is on incentives and governance, because a larger personal stake exposes the CFO more to the company’s equity performance. The detailed footnote on the price range and the offer to provide full trade breakdown reflects standard compliance practices for aggregated trades and supports transparency in the reporting.

Key items to watch now are future Form 4 filings to see whether this is a one-time purchase or part of a continuing pattern around or after 11/13/2025. Changes in the CFO’s holdings over the next several months can clarify whether ownership is trending higher or stabilizing at this new level. Any later filings that introduce derivative positions, sales, or structured trading plans would also provide additional context to interpret this transaction.

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^*

LeMasters Robb A.

(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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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	11/13/2025		P		30,000	A	$33.7399(1)	60,000	D
Common Stock								29,500	I	By IRA

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. The price reported in Column 4 is a weighted average price. These shares were purchased in transactions at prices ranging from $33.73 to $33.74, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

Remarks:

	/s/ Brian Golper, as Attorney-in-Fact for Robb A LeMasters	11/17/2025
	** 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 transaction did Lineage, Inc. (LINE) report on this Form 4?

The filing reports that the Chief Financial Officer of Lineage, Inc. (LINE) purchased 30,000 shares of the company’s common stock in an open-market transaction on 11/13/2025.

At what price did the Lineage (LINE) CFO buy the 30,000 shares?

The CFO bought 30,000 shares at a weighted average price of $33.7399 per share. The individual trades occurred at prices ranging from $33.73 to $33.74.

How many Lineage (LINE) shares does the reporting person own after this transaction?

After the reported purchase, the reporting person beneficially owns 60,000 shares of Lineage common stock directly and 29,500 shares indirectly through an IRA.

What is the relationship of the reporting person to Lineage, Inc. (LINE)?

The reporting person is an officer of Lineage, Inc., serving as the company’s Chief Financial Officer.

Was this Lineage (LINE) insider trade part of a series of transactions at different prices?

Yes. The filing notes that the 30,000 shares were purchased in multiple transactions at prices ranging from $33.73 to $33.74, and the weighted average price reported is $33.7399.

How is indirect ownership in Lineage (LINE) reported in this Form 4?

In addition to directly owned shares, the Form 4 reports 29,500 shares of Lineage common stock held indirectly by the reporting person through an IRA.