Thattai Sudarsan V 4

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.