[Form 4] Lineage, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Kevin Patrick Marchetti, Co-Executive Chairman, Director and 10% owner of Lineage, Inc. (LINE), reported an insider purchase on 08/19/2025. The filing shows Mr. Marchetti purchased 12,345 shares at a weighted-average price of $40.4418 (transactions ranged from $40.42 to $40.50). After the reported purchase, the form lists 74,668 shares beneficially owned directly, 173,768 shares held with sole voting/disposal power via KPM Cold Storage, and 156,601,952.79 shares held indirectly by BG Lineage Holdings, LLC, which Mr. Marchetti disclaims beneficial ownership of except for any pecuniary interest. The form is signed by an attorney-in-fact on 08/20/2025.

Insights

Financial Analyst

TL;DR: Insider purchased 12,345 LINE shares at a weighted average of $40.4418, adding to direct holdings amid substantial indirect holdings.

The reported open-market purchase of 12,345 shares is a straightforward insider buy disclosed on Form 4. The weighted-average price and footnote indicate multiple executions between $40.42 and $40.50. The purchase increases Mr. Marchetti's direct holdings to 74,668 shares while substantial indirect positions are reported through related entities. This disclosure clarifies voting and dispositive relationships rather than signaling a material change in control.

Corporate Governance Expert

TL;DR: Filing details governance roles and ownership structure, with explicit disclaimers of beneficial ownership for certain indirect holdings.

The Form 4 confirms Mr. Marchetti's roles as Co-Executive Chairman and Director and lists multiple ownership forms: direct, sole-vote/dispose via KPM Cold Storage, and indirect via BG Lineage Holdings, LLC. The filing includes standard disclaimers about disclaimed beneficial ownership and a clear explanation of the weighted-average purchase price. The signature by an attorney-in-fact is properly noted.

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

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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^*

Marchetti Kevin Patrick

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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	08/19/2025		P		12,345	A	$40.4418(1)	74,668	D
Common Stock								173,768	I(2)	By KPM Cold Storage
Common Stock								156,601,952.79	I(3)	By BGLH

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 multiple transactions at prices ranging from $40.42 to $40.50 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.

2. 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.

3. 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.

Remarks:

	/s/ Kristina Hentschel, as Attorney-in-Fact, for Kevin Patrick Marchetti	08/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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