<SEC-DOCUMENT>0001868159-25-000036.txt : 20250421
<SEC-HEADER>0001868159-25-000036.hdr.sgml : 20250421
<ACCEPTANCE-DATETIME>20250421165750
ACCESSION NUMBER:		0001868159-25-000036
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250417
FILED AS OF DATE:		20250421
DATE AS OF CHANGE:		20250421

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			McGowan Brian Jeffrey
		CENTRAL INDEX KEY:			0002018508
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42191
		FILM NUMBER:		25854067

	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
		EIN:				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>wk-form4_1745269063.xml
<DESCRIPTION>FORM 4
<TEXT>
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<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2025-04-17</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002018508</rptOwnerCik>
            <rptOwnerName>McGowan Brian Jeffrey</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>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>See Remarks</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2025-04-17</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4650</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>21895</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>LTIP Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2025-04-17</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4651</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>4651</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4651</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Represents the grant of time-based restricted stock units (&quot;RSUs&quot;), which are contingent rights to receive shares of common stock (&quot;Shares&quot;) on a one-for-one basis and which vest in equal annual installments as to 1/3 of the RSUs on each of April 1, 2026, 2027, 2028, subject to continued service with the Issuer through such dates.</footnote>
        <footnote id="F2">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 April 1, 2026, 2027 and 2028, 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="F3">(Continued from footnote 2) 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, 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 Network Optimization Officer</remarks>

    <ownerSignature>
        <signatureName>/s/ Brian Golper, as Attorney-in-Fact, for Brian Jeffrey McGowan</signatureName>
        <signatureDate>2025-04-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
