Lineage, Inc. (LINE) chair boosts stake with 13,300-share open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lineage, Inc. director and Co-Executive Chairman Kevin Patrick Marchetti reported an open-market purchase of 13,300 shares of common stock at a weighted average price of $37.4962 per share, with individual trades executed between $37.43 and $37.58.
Following this transaction, he directly holds 113,690 shares. He also reports indirect holdings of 173,768 shares through KPM Cold Storage and 155,275,349.46 shares through BG Lineage Holdings, LLC, while disclaiming beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 13,300 shares ($498,699)
Net Buy
3 txns
Insider
Marchetti Kevin Patrick
Role
Co-Executive Chairman
Bought
13,300 shs ($499K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 13,300 | $37.4962 | $499K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 113,690 shares (Direct);
Common Stock — 173,768 shares (Indirect, By KPM Cold Storage)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $37.43 to $37.58 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. Mr. Marchetti has sole power to vote and dispose of these Shares, but disclaims beneficial ownership of these Shares except to the extent of any pecuniary interest therein. Represents Shares held directly by BG Lineage Holdings, LLC ("BGLH") and indirectly by Mr. Marchetti. BGLH is indirectly managed by Bay Grove Capital Group LLC, which is managed by a committee comprised of Mr. Marchetti and Adam Forste, who share voting and investment power over these Shares. Mr. Marchetti disclaims beneficial ownership over the Shares held by BGLH, except to the extent of any pecuniary interest therein.
FAQ
What insider transaction did Lineage, Inc. (LINE) report for Kevin Patrick Marchetti?
Lineage, Inc. reported that Kevin Patrick Marchetti completed an open-market purchase of 13,300 common shares. The weighted average purchase price was $37.4962 per share, reflecting multiple trades within a narrow price range on the same transaction date.
What indirect Lineage, Inc. (LINE) holdings linked to Kevin Patrick Marchetti are disclosed?
The filing shows 173,768 Lineage, Inc. shares held indirectly through KPM Cold Storage and 155,275,349.46 shares held through BG Lineage Holdings, LLC. Marchetti reports these as indirect interests and disclaims beneficial ownership except to the extent of any pecuniary interest.
What does the Form 4 say about Kevin Patrick Marchetti’s voting and investment power over Lineage, Inc. (LINE) shares?
For certain shares, he has sole power to vote and dispose but disclaims full beneficial ownership beyond pecuniary interest. For BG Lineage Holdings, LLC, voting and investment power is shared via a managing committee, and he again disclaims beneficial ownership beyond any pecuniary interest.