<SEC-DOCUMENT>0000950170-24-101173.txt : 20240827
<SEC-HEADER>0000950170-24-101173.hdr.sgml : 20240827
<ACCEPTANCE-DATETIME>20240827192338
ACCESSION NUMBER:		0000950170-24-101173
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240826
FILED AS OF DATE:		20240827
DATE AS OF CHANGE:		20240827

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Forste Adam Matthew Schwartz
		CENTRAL INDEX KEY:			0002018838
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42191
		FILM NUMBER:		241250541

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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Marchetti Kevin Patrick
		CENTRAL INDEX KEY:			0002021239
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42191
		FILM NUMBER:		241250540

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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BG Cold, LLC
		CENTRAL INDEX KEY:			0002021154
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42191
		FILM NUMBER:		241250542

	BUSINESS ADDRESS:	
		STREET 1:		801 MONTGOMERY STREET, FIFTH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
		BUSINESS PHONE:		(415)-229-7953

	MAIL ADDRESS:	
		STREET 1:		801 MONTGOMERY STREET, FIFTH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133

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>
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        <issuerName>Lineage, Inc.</issuerName>
        <issuerTradingSymbol>LINE</issuerTradingSymbol>
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            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94133</rptOwnerZipCode>
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            <rptOwnerName>Forste Adam Matthew Schwartz</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet1>C/O LINEAGE, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>46500 HUMBOLDT DRIVE</rptOwnerStreet2>
            <rptOwnerCity>NOVI</rptOwnerCity>
            <rptOwnerState>MI</rptOwnerState>
            <rptOwnerZipCode>48377</rptOwnerZipCode>
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            <officerTitle>CO-EXECUTIVE CHAIRMAN</officerTitle>
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    <reportingOwner>
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            <rptOwnerCik>0002021239</rptOwnerCik>
            <rptOwnerName>Marchetti Kevin Patrick</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet1>C/O LINEAGE, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>46500 HUMBOLDT DRIVE</rptOwnerStreet2>
            <rptOwnerCity>NOVI</rptOwnerCity>
            <rptOwnerState>MI</rptOwnerState>
            <rptOwnerZipCode>48377</rptOwnerZipCode>
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        </nonDerivativeTransaction>
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                <value>Common Stock</value>
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                <sharesOwnedFollowingTransaction>
                    <value>157438127.30</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>BY BGLH</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>190162</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F3"/>
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                <natureOfOwnership>
                    <value>By KPM Cold Storage</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>190114</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By AF Cold Promote Holdings</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Legacy Class A Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
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                <transactionFormType>4</transactionFormType>
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                <equitySwapInvolved>false</equitySwapInvolved>
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                <transactionShares>
                    <value>54123</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F7"/>
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                    <value>D</value>
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                <footnoteId id="F6"/>
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                <footnoteId id="F5"/>
                <footnoteId id="F6"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>54123</value>
                </underlyingSecurityShares>
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                <sharesOwnedFollowingTransaction>
                    <value>2535657.17</value>
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                <directOrIndirectOwnership>
                    <value>D</value>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Partnership Common Units</value>
            </securityTitle>
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            <transactionDate>
                <value>2024-08-26</value>
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                <underlyingSecurityTitle>
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                </underlyingSecurityTitle>
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                    <value>By KPM Cold Storage</value>
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                <directOrIndirectOwnership>
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                    <value>By AF Cold Promote Holdings</value>
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    <footnotes>
        <footnote id="F1">Represents shares of common stock of Lineage, Inc. (&quot;Shares&quot;) distributed by BG Cold to its members in accordance with their respective pecuniary interests, for no consideration, that were received by BG Cold in a distribution by BG Lineage Holdings, LLC (&quot;BGLH&quot;) as a member of BGLH, in accordance with its pecuniary interest in BGLH, for no consideration, and which Shares were previously reported as indirectly held by BG Cold through BGLH.</footnote>
        <footnote id="F2">Represents Shares held directly by BGLH, which is indirectly managed, and BG Cold is directly managed, by Bay Grove Capital Group LLC, which is managed by a committee comprised of Adam Forste and Kevin Marchetti, who share voting and investment power over these Shares. BG Cold, Mr. Forste and Mr. Marchetti disclaim beneficial ownership over these Shares, except to the extent of any pecuniary interest therein.</footnote>
        <footnote id="F3">Represents Shares and Partnership Common Units, as applicable, received by KPM Cold Storage LLC in the BG Cold distribution in accordance with its pecuniary interest therein, for no consideration. Mr. Marchetti has sole power to vote and dispose of these securities, but disclaims beneficial ownership over these securities except to the extent of any pecuniary interest therein. The holdings of these securities is reported herein solely by Mr. Marchetti.</footnote>
        <footnote id="F4">Represents Shares and Partnership Common Units, as applicable, received by AF Cold Promote Holdings LLC in the BG Cold distribution in accordance with its pecuniary interest therein, for no consideration. Mr. Forste has sole power to vote and dispose of these securities, but disclaims beneficial ownership over these securities except to the extent of any pecuniary interest therein. The holdings of these securities are reported herein solely by Mr. Forste.</footnote>
        <footnote id="F5">Legacy Class A Units (&quot;Legacy Class A Units&quot;) are vested units of partnership interests in Lineage OP, LP (the &quot;Operating Partnership&quot;), comprised of two-sub units that are legally separate interests, the A-Piece Sub Unit and C-Piece Sub Unit, as designated under the Partnership Agreement of the Operating Partnership, which share in the total outstanding Legacy Class A Units based on historical profit sharing arrangements among these investors. Represents the updated maximum number of Partnership Common Units (which are units of partnership interest in the Operating Partnership as designated under the Partnership Agreement (&quot;Partnership Common Units&quot;), and by virtue of the redemption rights of holders of Partnership Common Units, Shares, into which the C-Piece Sub Unit of the Legacy Class A Units held by BG Cold can be reclassified to Partnership Common Units based on the terms of the Partnership Agreement, after giving effect to the Reclassification (defined below).</footnote>
        <footnote id="F6">(Continued from footnote 5) Reclassification of Legacy Class A Units to Partnership Common Units will occur from time to time before the third anniversary of the closing of the Issuer's initial public offering, with any reported Legacy Class A Units remaining after such three-year period forfeited for no consideration.</footnote>
        <footnote id="F7">Represents the reclassification of Legacy Class A Units C-Piece Sub Unit to Partnership Common Units, and includes the reclassification of Legacy Class A Units C-Piece Sub Unit that were previously reported as indirectly held by Mr. Marchetti and Mr. Forste through BG Cold and that represent Mr. Marchetti's and Mr. Forste's respective reportable interests in such securities, as set forth in footnotes 3 and 4, respectively (the &quot;Reclassification&quot;).</footnote>
        <footnote id="F8">Partnership Common Units may be redeemed at the election of the holder for cash, or at the election of the Issuer, Shares. Partnership Common Units are fully vested and do not have an expiration date.</footnote>
        <footnote id="F9">Represents the distribution of OP Units received upon the Reclassification of Legacy A Units C-Piece Sub Unit held by BG Cold to the members of BG Cold in accordance with their respective pecuniary interests, for no consideration.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Kristina Hentschel, as Attorney-in-Fact, for BG Cold, LLC</signatureName>
        <signatureDate>2024-08-27</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Kristina Hentschel, as Attorney-in-Fact, for Adam Matthew Schwartz Forste</signatureName>
        <signatureDate>2024-08-27</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Kristina Hentschel, as Attorney-in-Fact, for Kevin Patrick Marchetti</signatureName>
        <signatureDate>2024-08-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
