Home / Auditor changes / Lineage, Inc.
Filed 2025-04-07 路 Form 8-K 路 Accession 0001868159-25-000027 large
Price before filing: $49.94 (2025-04-04 close, split/dividend-adjusted)
Market cap at flag: $11.74B (2025-04-07) 路 Latest: $7.59B (2026-10-16)
| Window | LINE | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -19.2% | +11.1% | -30.2% | 2025-05-07 |
| 90 days | -20.4% | +23.2% | -43.6% | 2025-07-07 |
| 180 days | -21.9% | +33.7% | -55.6% | 2025-10-06 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 2 insiders bought $2.5M (4 purchases)
30 days after: 2 insiders bought $703K (2 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-28 | Forste Adam Matthew Schwartz CO-EXECUTIVE CHAIRMAN, Director, 10% owner | Purchase | 20,869 | $60.43 | $1.3M | no | Form 4 |
| 2025-02-28 | Forste Adam Matthew Schwartz CO-EXECUTIVE CHAIRMAN, Director, 10% owner | Purchase | 3,448 | $60.93 | $210K | no | Form 4 |
| 2025-02-28 | Marchetti Kevin Patrick CO-EXECUTIVE CHAIRMAN, Director, 10% owner | Purchase | 15,833 | $60.49 | $958K | no | Form 4 |
| 2025-02-28 | Marchetti Kevin Patrick CO-EXECUTIVE CHAIRMAN, Director, 10% owner | Purchase | 400 | $61.08 | $24K | no | Form 4 |
| 2025-04-07: red flag filed | |||||||
| 2025-05-05 | Thattai Sudarsan V See Remarks | Purchase | 4,420 | $45.23 | $200K | no | Form 4 |
| 2025-05-06 | Marchetti Kevin Patrick CO-EXECUTIVE CHAIRMAN, Director, 10% owner | Purchase | 11,500 | $43.75 | $503K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-07 to 2025-05-07. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"4.01 of its Form 8-K dated April 7, 2025, and we agree with such statements, except that we are not in a position to agree or disagree with Lineage Inc.'s statement that the dismissal was approved by the audit committee of the board of directors or with the statements in Item 4.01(b)."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: dismissed
Disagreements reported: no
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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