<SEC-DOCUMENT>0000950170-24-087399.txt : 20240729
<SEC-HEADER>0000950170-24-087399.hdr.sgml : 20240729
<ACCEPTANCE-DATETIME>20240729173530
ACCESSION NUMBER:		0000950170-24-087399
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240726
FILED AS OF DATE:		20240729
DATE AS OF CHANGE:		20240729

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Thattai Sudarsan V
		CENTRAL INDEX KEY:			0002018599
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42191
		FILM NUMBER:		241153637

	MAIL ADDRESS:	
		STREET 1:		C/O LINEAGE, INC.
		STREET 2:		46500 HUMBOLDT DRIVE
		CITY:			NOVI
		STATE:			MI
		ZIP:			48377

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lineage, Inc.
		CENTRAL INDEX KEY:			0001868159
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		46500 HUMBOLDT DRIVE
		CITY:			NOVI
		STATE:			MI
		ZIP:			48377
		BUSINESS PHONE:		(800) 678-7271

	MAIL ADDRESS:	
		STREET 1:		46500 HUMBOLDT DRIVE
		CITY:			NOVI
		STATE:			MI
		ZIP:			48377

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Lineage Growth Properties, Inc.
		DATE OF NAME CHANGE:	20210617
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<DESCRIPTION>4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2024-07-26</periodOfReport>

    <issuer>
        <issuerCik>0001868159</issuerCik>
        <issuerName>Lineage, Inc.</issuerName>
        <issuerTradingSymbol>LINE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002018599</rptOwnerCik>
            <rptOwnerName>Thattai Sudarsan V</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O LINEAGE, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>46500 HUMBOLDT DRIVE</rptOwnerStreet2>
            <rptOwnerCity>NOVI</rptOwnerCity>
            <rptOwnerState>MI</rptOwnerState>
            <rptOwnerZipCode>48377</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>See Remarks</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>LTIP Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2024-07-26</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>239918</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>239918</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>239918</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Represents the grant of time-based units of partnership interest in Lineage OP, LP (the &quot;Operating Partnership&quot;) designated as LTIP Units (&quot;LTIP Units&quot;) under the Agreement of Limited Partnership of the Operating Partnership dated as of July 24, 2024 (the &quot;Partnership Agreement&quot;). 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 (&quot;Partnership Common Units&quot;),</footnote>
        <footnote id="F2">(Continued from footnote 1) 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 of common stock, 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.</footnote>
    </footnotes>

    <remarks>Chief Information and Chief Transformation Officer</remarks>

    <ownerSignature>
        <signatureName>/s/ Brian Golper, as Attorney-in-Fact, for Sudarsan V Thattai</signatureName>
        <signatureDate>2024-07-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
