Thattai Sudarsan V 4

4 · Lineage, Inc. · Filed Apr 3, 2026

AI-generated summary of this filing

Updated Apr 3, 2026

Lineage (LINE) CIO Thattai Sudarsan Receives 32,947 LTIP Units

What Happened

Thattai Sudarsan V, Chief Information Officer and Chief Transformation Officer of Lineage, received a grant of 32,947 LTIP Units (derivative units of partnership interest) on April 1, 2026. The award price reported is $0 (an equity award, not a purchase or sale). The units vest in full on April 1, 2027, subject to continued service.

Key Details

Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely within the two‑business‑day filing window).
Transaction code: A (award/grant); Security: LTIP Units (derivative units of Lineage OP, LP).
Amount: 32,947 LTIP Units; reported acquisition price: $0. Total value at grant not specified in cash terms.
Shares owned after transaction: Not reported on this filing.
Footnotes: LTIP Units vest in full on 4/1/2027. Each vested LTIP Unit may be converted 1:1 (subject to certain capital account conditions) into Partnership Common Units. Partnership Common Units acquired from conversion can be redeemed for cash or, at the issuer’s election, for Lineage common stock on a 1:1 basis, provided at least 18 months have passed since the LTIP grant. LTIP Units and Partnership Common Units have no expiration date.

Context

This is a time‑based equity award (derivative interest), not an open‑market purchase or sale. The LTIP Units are not immediately shares of Lineage common stock; conversion and redemption mechanics (and time restrictions) determine when/if they result in cash or stock. Such grants are routine compensation for executives and do not by themselves indicate a personal buy/sell market signal.

Form 4

Period: 2026-04-01

See Remarks

Transactions

Award
LTIP Units
[F1][F2]
2026-04-01+32,947→ 32,947 total
→ Common Stock (32,947 underlying)

Footnotes (2)

[F1]Represents the grant of time-based units of partnership interest in Lineage OP, LP (the "Operating Partnership") designated as LTIP Units ("LTIP Units") under the Agreement of Limited Partnership of the Operating Partnership dated as of July 24, 2024 (the "Partnership Agreement"). The LTIP Units vest in full on April 1, 2027, subject to continued service with the Issuer through such date. 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 ("Partnership Common Units"),
[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.

Signature

/s/ Brian Golper, as Attorney-in-Fact for Sudarsan V Thattai|2026-04-03

1 file