COLD

SEC source: 0000899243-18-029071 · doc4.xml · nonDerivative · entry 1

Gault Jeffrey M · CIK 0001420947 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,352

F1 · price: The price reported in Column 4 is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $25.91 to $26.06, inclusive. The reporting person undertakes to provide to Americold Realty Trust, any security holder of Americold Realty Trust, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the range set forth above.

SEC source: 0001209191-18-051750 · doc4.xml · nonDerivative · entry 1

BURKLE RONALD W · CIK 0001015899 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote 1 and Remarks below

Disclosed balance after: 38,422,583

F1 · ownership.nature: All securities reported on this Form 4 are held by YF ART Holdings, L.P. ("YFA").

SEC source: 0000899243-18-024955 · doc4.xml · derivative · entry 1

Harron James Andrew · CIK 0001753389 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,000

Underlying: Common Shares of Beneficial Interest · 10,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on October 1, 2019 and 2020.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on October 1, 2019 and 2020.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on October 1, 2019 and 2020.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on October 1, 2019 and 2020.

SEC source: 0001209191-18-051847 · doc4.xml · nonDerivative · entry 1

Fortress Investment Group LLC · CIK 0001380393 · 10% owner

FIG Corp. · CIK 0001387345 · 10% owner

Fortress Operating Entity I LP · CIK 0001387344 · 10% owner

Hybrid GP Holdings LLC · CIK 0001500292 · 10% owner

FIG LLC · CIK 0001245521 · 10% owner

CF Cold GP LLC · CIK 0001728223 · 10% owner

CF Cold LP · CIK 0001728261 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 0

F1 · ownership.nature: Securities held through CF Cold LP.

SEC source: 0000769993-18-000487 · ownershipdoc09192018113813.xml · nonDerivative · entry 1

GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner

GOLDMAN SACHS & CO. LLC · CIK 0000769993 · 10% owner

GS Capital Partners VI Parallel LP · CIK 0001386577 · 10% owner

GS Capital Partners VI Offshore Fund, L.P. · CIK 0001394285 · 10% owner

GSCP VI Offshore IceCap Investment, L.P. · CIK 0001728652 · 10% owner

GS Capital Partners VI Fund, L.P. · CIK 0001394287 · 10% owner

GS Capital Partners VI GmbH & Co KG · CIK 0001386557 · 10% owner

GSCP VI GmbH IceCap Investment, L.P. · CIK 0001728653 · 10% owner

Opportunity Partners Offshore-B Co-Invest AIV, L.P. · CIK 0001645919 · 10% owner

IceCap2 Holdings, L.P. · CIK 0001728650 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 14,746,324

F4 · shares: Pursuant to an underwriting agreement, dated September 13, 2018 (the "Underwriting Agreement") and a prospectus dated September 13, 2018, and in connection with a registered public offering (the "Offering") of the common shares, par value $0.01 per share (the "Common Shares"), of Americold Realty Trust (the "Company"), the GS Investors, as selling shareholders, sold 7,537,921 Common Shares at $23.53715 per share, which represents the $24.50 Offering price per Common Share, less an underwriting discount of $0.96285 per Common Share. The Offering was consummated on September 18, 2018.

F5 · shares: In connection with the Offering and pursuant to the Underwriting Agreement, the underwriters exercised their option (the "Over-Allotment Option") to purchase additional Common Shares from the selling shareholders. The Over-Allotment Option closed simultaneously with the Offering on September 18, 2018. The GS Investors sold an additional 1,545,359 Common Shares pursuant to the underwriters' exercise of the Over-Allotment Option.

F4 · price: Pursuant to an underwriting agreement, dated September 13, 2018 (the "Underwriting Agreement") and a prospectus dated September 13, 2018, and in connection with a registered public offering (the "Offering") of the common shares, par value $0.01 per share (the "Common Shares"), of Americold Realty Trust (the "Company"), the GS Investors, as selling shareholders, sold 7,537,921 Common Shares at $23.53715 per share, which represents the $24.50 Offering price per Common Share, less an underwriting discount of $0.96285 per Common Share. The Offering was consummated on September 18, 2018.

F8 · balance_after: Goldman Sachs beneficially owns directly and GS Group may be deemed to beneficially own indirectly 185,096 Common Shares and Goldman Sachs also had open short positions of 7,093 Common Shares, reflecting changes due to exempt transactions. Both Goldman Sachs and GS Group may be deemed to beneficially own indirectly, in the aggregate 14,561,228 Common Shares owned by the GS Investors because affiliates of Goldman Sachs and GS Group are the general partner, managing limited partner, managing general partner, managing partner, managing member or member of each of the GS Investors. Goldman Sachs is a subsidiary of GS Group. Goldman Sachs is the investment manager of certain of the GS Investors.

F1 · ownership.nature: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group"), Goldman Sachs & Co. LLC ("Goldman Sachs"), GS Capital Partners VI Parallel, L.P. ("GS Parallel"), GS Capital Partners VI Offshore Fund, L.P. ("GS Offshore"), GS Capital Partners VI Fund, L.P. ("GS Cap Partners VI"), GS Capital Partners VI GmbH & CO. KG ("GS Germany"), Opportunity Partners Offshore-B Co-Invest AIV, L.P. ("Opportunity Partners" and, together with GS Parallel, GS Offshore, GS Cap Partners VI and GS Germany, the "GS Funds"), GSCP VI Offshore IceCap Investment, L.P. ("GSCP Offshore IceCap Investment"), GSCP VI GmbH IceCap Investment, L.P. ("GSCP GmbH IceCap Investment"), IceCap2 Holdings, L.P. ("IceCap2 Holdings" and, together with GS Parallel, GSCP Offshore IceCap Investment, GS Cap Partners VI and GSCP GmbH IceCap Investment, the "GS Investors"), GS Advisors VI, L.L.C. ("GS Advisors VI"), (continued in Footnote 2)

F2 · ownership.nature: Goldman, Sachs Management GP GmbH ("GS GmbH"), GSCP VI Advisors, L.L.C. ("GSCP VI Advisors"), GSCP VI Offshore Advisors, L.L.C. ("GSCP VI Offshore Advisors") and Opportunity Partners Offshore-B Co-Invest AIV Advisors, Ltd. ("Opportunity Advisors" and, together with GS Group, Goldman Sachs, the GS Funds, GSCP Offshore IceCap Investment, GSCP GmbH IceCap Investment, IceCap2 Holdings, GS Advisors VI, GS GmbH, GSCP VI Advisors and GSCP VI Offshore Advisors, the "Reporting Persons").

F3 · ownership.nature: Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in duplicate.

F4 · ownership.nature: Pursuant to an underwriting agreement, dated September 13, 2018 (the "Underwriting Agreement") and a prospectus dated September 13, 2018, and in connection with a registered public offering (the "Offering") of the common shares, par value $0.01 per share (the "Common Shares"), of Americold Realty Trust (the "Company"), the GS Investors, as selling shareholders, sold 7,537,921 Common Shares at $23.53715 per share, which represents the $24.50 Offering price per Common Share, less an underwriting discount of $0.96285 per Common Share. The Offering was consummated on September 18, 2018.

F5 · ownership.nature: In connection with the Offering and pursuant to the Underwriting Agreement, the underwriters exercised their option (the "Over-Allotment Option") to purchase additional Common Shares from the selling shareholders. The Over-Allotment Option closed simultaneously with the Offering on September 18, 2018. The GS Investors sold an additional 1,545,359 Common Shares pursuant to the underwriters' exercise of the Over-Allotment Option.

F6 · ownership.nature: As of September 18, 2018, as a result of the Offering and the Over-Allotment Option, GS Parallel beneficially owns directly 1,437,753 Common Shares, which may be deemed to be beneficially owned indirectly by GS Parallel's general partner, GS Advisors VI. GSCP Offshore IceCap Investment beneficially owns directly 4,348,878 Common Shares, which may be deemed to be beneficially owned indirectly by GS Offshore and indirectly by GS Offshore's general partner, GSCP VI Offshore Advisors. GS Cap Partners VI beneficially owns directly 5,228,467 Common Shares, which may be deemed to be beneficially owned indirectly by GS Cap Partners VI's general partner, GSCP VI Advisors. GSCP GmbH IceCap Investment beneficially owns directly 185,846 Common Shares, which may be deemed to be beneficially owned indirectly by GS Germany and indirectly by GS Germany's general partner, GS GmbH. (continued in Footnote 7)

F7 · ownership.nature: IceCap2 Holdings beneficially owns directly 3,360,284 Common Shares, which may be deemed to be beneficially owned indirectly by Opportunity Partners and indirectly by Opportunity Partner's general partner, Opportunity Advisors.

F8 · ownership.nature: Goldman Sachs beneficially owns directly and GS Group may be deemed to beneficially own indirectly 185,096 Common Shares and Goldman Sachs also had open short positions of 7,093 Common Shares, reflecting changes due to exempt transactions. Both Goldman Sachs and GS Group may be deemed to beneficially own indirectly, in the aggregate 14,561,228 Common Shares owned by the GS Investors because affiliates of Goldman Sachs and GS Group are the general partner, managing limited partner, managing general partner, managing partner, managing member or member of each of the GS Investors. Goldman Sachs is a subsidiary of GS Group. Goldman Sachs is the investment manager of certain of the GS Investors.

F9 · ownership.nature: The Reporting Persons disclaim beneficial ownership of all Common Shares in excess of their pecuniary interest, if any, and this report shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

SEC source: 0000899243-18-024309 · doc4.xml · derivative · entry 1

Rodriguez Carlos V · CIK 0001551733 · EVP and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,000

Underlying: Common Shares of Beneficial Interest · 12,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on October 1, 2019 and 2020.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on October 1, 2019 and 2020.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on October 1, 2019 and 2020.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on October 1, 2019 and 2020.

SEC source: 0000899243-18-023073 · doc4.xml · derivative · entry 4

Musgrave Thomas · CIK 0001728301 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,000

Underlying: Common Shares of Beneficial Interest · 46,000 shares

Expires 2025-09-21

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On August 20, 2018, Mr. Musgrave made a net exercise of 110,000 stock options, resulting in his acquisition of 35,532 common shares of Americold Realty Trust.

F3 · derivative.exercise_date: Options to acquire common shares vested 20% on September 21, 2016 and 2017 and remainder vest ratably on September 21, 2018, 2019 and 2020.

SEC source: 0000899243-18-023073 · doc4.xml · derivative · entry 3

Musgrave Thomas · CIK 0001728301 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,000

Underlying: Common Shares of Beneficial Interest · 64,000 shares

Expires 2023-12-19

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On August 20, 2018, Mr. Musgrave made a net exercise of 110,000 stock options, resulting in his acquisition of 35,532 common shares of Americold Realty Trust.

F2 · derivative.exercise_date: Options to acquire common shares vested 20% on December 19, 2014, 2015, 2016 and 2017 and remainder vest on December 19, 2018.

SEC source: 0000899243-18-023073 · doc4.xml · nonDerivative · entry 2

Musgrave Thomas · CIK 0001728301 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,476

SEC source: 0000899243-18-023073 · doc4.xml · nonDerivative · entry 1

Musgrave Thomas · CIK 0001728301 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 139,944

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000899243-18-022615 · doc4.xml · derivative · entry 3

Smernoff Marc · CIK 0001728302 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 160,000

Underlying: Common Shares of Beneficial Interest · 240,000 shares

Expires 2025-05-13

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On August 14, 2018, Mr. Smernoff made a net exercise of 240,000 stock options, resulting in his acquisition of 75,507 common shares of Americold Realty Trust.

F2 · derivative.exercise_date: Options to acquire common shares vested 20% each on May 13, 2016, 2017 and 2018 and reminder vest ratably on May 13, 2019 and 2020.

SEC source: 0000899243-18-022615 · doc4.xml · nonDerivative · entry 2

Smernoff Marc · CIK 0001728302 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,507

SEC source: 0000899243-18-022615 · doc4.xml · nonDerivative · entry 1

Smernoff Marc · CIK 0001728302 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 240,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000899243-18-022477 · doc4.xml · derivative · entry 4

NOVOSEL THOMAS C · CIK 0001229401 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,000

Underlying: Common Shares of Beneficial Interest · 10,000 shares

Expires 2026-03-22

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On August 13, 2018, Mr. Novosel made a net exercise of 70,000 stock options, resulting in his acquisition of 22,726 common shares of Americold Realty Trust.

F3 · derivative.exercise_date: Options to acquire common shares vested 20% on March 22, 2017 and 2018 and remainder vest ratably on March 22, 2019, 2020 and 2021.

SEC source: 0000899243-18-022477 · doc4.xml · derivative · entry 3

NOVOSEL THOMAS C · CIK 0001229401 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,000

Underlying: Common Shares of Beneficial Interest · 60,000 shares

Expires 2023-10-30

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On August 13, 2018, Mr. Novosel made a net exercise of 70,000 stock options, resulting in his acquisition of 22,726 common shares of Americold Realty Trust.

F2 · derivative.exercise_date: Options to acquire common shares vested 20% on October 30, 2014, 2015, 2016 and 2017 and remainder vest on October 30, 2018.

SEC source: 0000899243-18-022477 · doc4.xml · nonDerivative · entry 2

NOVOSEL THOMAS C · CIK 0001229401 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,726

SEC source: 0000899243-18-022477 · doc4.xml · nonDerivative · entry 1

NOVOSEL THOMAS C · CIK 0001229401 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 70,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000899243-18-016792 · doc4.xml · derivative · entry 5

Musgrave Thomas · CIK 0001728301 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 85,000

Underlying: Common Shares of Beneficial Interest · 20,000 shares

Expires 2023-12-19

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On June 13, 2018, Mr. Musgrave made a net exercise of 100,000 stock options, resulting in his acquisition of 29,944 common shares of Americold Realty Trust (the "Company"). The transactions described herein were pursuant to an exception to a lock-up agreement between Mr. Musgrave and the underwriters with respect to the initial public offering of the Company.

F4 · derivative.exercise_date: Options to acquire common shares vested 20% on December 19, 2014, 2015, 2016 and 2017 and remainder vest on December 19, 2018.

SEC source: 0000899243-18-016792 · doc4.xml · derivative · entry 4

Musgrave Thomas · CIK 0001728301 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares of Beneficial Interest · 25,000 shares

Expires 2023-06-24

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On June 13, 2018, Mr. Musgrave made a net exercise of 100,000 stock options, resulting in his acquisition of 29,944 common shares of Americold Realty Trust (the "Company"). The transactions described herein were pursuant to an exception to a lock-up agreement between Mr. Musgrave and the underwriters with respect to the initial public offering of the Company.

F3 · derivative.exercise_date: Options to acquire common shares vested 20% on February 25, 2014, 2015, 2016, 2017 and 2018.

SEC source: 0000899243-18-016792 · doc4.xml · derivative · entry 3

Musgrave Thomas · CIK 0001728301 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares of Beneficial Interest · 55,000 shares

Expires 2022-05-30

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On June 13, 2018, Mr. Musgrave made a net exercise of 100,000 stock options, resulting in his acquisition of 29,944 common shares of Americold Realty Trust (the "Company"). The transactions described herein were pursuant to an exception to a lock-up agreement between Mr. Musgrave and the underwriters with respect to the initial public offering of the Company.

F2 · derivative.exercise_date: Options to acquire common shares vested 20% on October 31, 2012, 2013, 2014, 2015 and 2016.

SEC source: 0000899243-18-016792 · doc4.xml · nonDerivative · entry 2

Musgrave Thomas · CIK 0001728301 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,944

SEC source: 0000899243-18-016792 · doc4.xml · nonDerivative · entry 1

Musgrave Thomas · CIK 0001728301 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001557302-18-000005 · wf-form4_152900672285239.xml · derivative · entry 6

Boehler Fred W · CIK 0001557302 · Director · CEO, President and Trustee

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 200,000

Underlying: Common Shares of Beneficial Interest · 50,000 shares

Expires 2027-03-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On June 12, 2018, Mr. Boehler made a net exercise of 730,000 stock options, resulting in his acquisition of 218,592 common shares of Americold Realty Trust (the "Company"). The transactions described herein were pursuant to an exception to a lock-up agreement between Mr. Boehler and the underwriters with respect to the initial public offering of the Company.

F5 · derivative.exercise_date: Vesting of these options was contingent upon achievement of a 2016 performance target for Adjusted EBITDA for 2016, which was satisfied, so options vested 20% on January 1, 2018 and the remainder vest ratably on January 1, 2019, 2020, 2021 and 2022.

SEC source: 0001557302-18-000005 · wf-form4_152900672285239.xml · derivative · entry 5

Boehler Fred W · CIK 0001557302 · Director · CEO, President and Trustee

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 180,000

Underlying: Common Shares of Beneficial Interest · 120,000 shares

Expires 2026-12-14

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On June 12, 2018, Mr. Boehler made a net exercise of 730,000 stock options, resulting in his acquisition of 218,592 common shares of Americold Realty Trust (the "Company"). The transactions described herein were pursuant to an exception to a lock-up agreement between Mr. Boehler and the underwriters with respect to the initial public offering of the Company.

F4 · derivative.exercise_date: Options to acquire common shares vested 20% each on December 14, 2016 and 2017 and remainder vest ratably on December 14, 2018, 2019 and 2020.

SEC source: 0001557302-18-000005 · wf-form4_152900672285239.xml · derivative · entry 4

Boehler Fred W · CIK 0001557302 · Director · CEO, President and Trustee

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,000

Underlying: Common Shares of Beneficial Interest · 160,000 shares

Expires 2024-03-27

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On June 12, 2018, Mr. Boehler made a net exercise of 730,000 stock options, resulting in his acquisition of 218,592 common shares of Americold Realty Trust (the "Company"). The transactions described herein were pursuant to an exception to a lock-up agreement between Mr. Boehler and the underwriters with respect to the initial public offering of the Company.

F3 · derivative.exercise_date: Options to acquire common shares vested 20% each on March 27, 2015, 2016, 2017 and 2018 and remainder vest on March 27, 2019.

SEC source: 0001557302-18-000005 · wf-form4_152900672285239.xml · derivative · entry 3

Boehler Fred W · CIK 0001557302 · Director · CEO, President and Trustee

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares of Beneficial Interest · 400,000 shares

Expires 2023-02-06

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On June 12, 2018, Mr. Boehler made a net exercise of 730,000 stock options, resulting in his acquisition of 218,592 common shares of Americold Realty Trust (the "Company"). The transactions described herein were pursuant to an exception to a lock-up agreement between Mr. Boehler and the underwriters with respect to the initial public offering of the Company.

F2 · derivative.exercise_date: Options to acquire common shares vested 20% each on February 4, 2014, 2015, 2016, 2017 and 2018.

SEC source: 0001557302-18-000005 · wf-form4_152900672285239.xml · nonDerivative · entry 2

Boehler Fred W · CIK 0001557302 · Director · CEO, President and Trustee

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 218,592

SEC source: 0001557302-18-000005 · wf-form4_152900672285239.xml · nonDerivative · entry 1

Boehler Fred W · CIK 0001557302 · Director · CEO, President and Trustee

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 730,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000899243-18-013252 · doc4.xml · derivative · entry 3

Gault Jeffrey M · CIK 0001420947 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,001,747

Underlying: Common Shares of Beneficial Interest · 100,000 shares

Expires 2022-02-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On May 15, 2018, Mr. Gault made a net exercise of 100,000 stock options, resulting in his acqusition of 53,352 common shares of beneficial interest of Americold Realty Trust (the "Company"). The transactions described herein were pursuant to an exception to a lock-up agreement between Mr. Gault and the underwriters with respect to the initial public offering of the Company.

F2 · derivative.exercise_date: Options to acquire common shares of beneficial interest vested 20% each on February 1, 2013, 2014, 2015, 2016 and 2017.

SEC source: 0000899243-18-013252 · doc4.xml · nonDerivative · entry 2

Gault Jeffrey M · CIK 0001420947 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,352

SEC source: 0000899243-18-013252 · doc4.xml · nonDerivative · entry 1

Gault Jeffrey M · CIK 0001420947 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000899243-18-013246 · doc4.xml · derivative · entry 1

NOVOSEL THOMAS C · CIK 0001229401 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,000

Underlying: Common Shares of Beneficial Interest · 5,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest on May 15, 2019.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest on May 15, 2019.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest on May 15, 2019.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest on May 15, 2019.

SEC source: 0001389389-18-000005 · primary_doc.xml · derivative · entry 1

Snyder James C JR · CIK 0001389389 · General Counsel and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,625

Underlying: Common Shares of Beneficial Interest · 15,625 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on April 2, 2020, 2021 and 2022.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on April 2, 2020, 2021 and 2022.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on April 2, 2020, 2021 and 2022.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on April 2, 2020, 2021 and 2022.

SEC source: 0001209191-18-019028 · doc4.xml · nonDerivative · entry 1

BURKLE RONALD W · CIK 0001015899 · Director · 10% owner

YF Art Holdings, L.P. · CIK 0001728394 · Director · 10% owner

YF Art Holdings GP, LLC · CIK 0001728463 · Director · 10% owner

Yucaipa American Alliance Fund I, LP · CIK 0001330612 · Director · 10% owner

Yucaipa American Alliance Fund I, LLC · CIK 0001490584 · Director · 10% owner

YUCAIPA AMERICAN FUNDS, LLC · CIK 0001452934 · Director · 10% owner

YUCAIPA AMERICAN MANAGEMENT, LLC · CIK 0001452932 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote 2 and Remarks below

Disclosed balance after: 54,952,774

F1 · kind: On March 8, 2018, YF ART Holdings, L.P. ("YFA") distributed to CF Cold LP, a limited partner of YFA, 7,235,529 common shares of beneficial interest, par value $0.01 per share, of the Issuer, allocated to CF Cold LP, and CF Cold LP ceased to be a limited partner of YFA. The transaction described herein is a distribution by YFA to a limited partner and is exempt from the lock-up agreement YFA entered into with the representatives of the underwriters for the Issuer's initial public offering and from the letter agreement YFA entered into with the Issuer on March 8, 2018.

F2 · ownership.nature: All securities reported on this Form 4 are held by YFA.

SEC source: 0000899243-18-001771 · doc4.xml · derivative · entry 1

Musgrave Thomas · CIK 0001728301 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,063

Underlying: Common Shares of Beneficial Interest · 14,063 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

SEC source: 0000899243-18-001760 · doc4.xml · derivative · entry 1

Power Andrew · CIK 0001641275 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,250

Underlying: Common Shares of Beneficial Interest · 6,250 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

SEC source: 0000899243-18-001770 · doc4.xml · derivative · entry 2

Patterson Mark R · CIK 0001500081 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,250

Underlying: Common Shares of Beneficial Interest · 6,250 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

SEC source: 0000899243-18-001770 · doc4.xml · nonDerivative · entry 1

Patterson Mark R · CIK 0001500081 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,250

SEC source: 0000899243-18-001773 · doc4.xml · derivative · entry 1

NOVOSEL THOMAS C · CIK 0001229401 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,063

Underlying: Common Shares of Beneficial Interest · 14,063 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

SEC source: 0000899243-18-001768 · doc4.xml · derivative · entry 1

ALBURGER GEORGE J JR · CIK 0001248361 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,250

Underlying: Common Shares of Beneficial Interest · 6,250 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

SEC source: 0000899243-18-001766 · doc4.xml · derivative · entry 2

Heistand James R · CIK 0001520993 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,250

Underlying: Common Shares of Beneficial Interest · 6,250 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

SEC source: 0000899243-18-001766 · doc4.xml · nonDerivative · entry 1

Heistand James R · CIK 0001520993 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 31,250

SEC source: 0000899243-18-001765 · doc4.xml · derivative · entry 1

MACKAY MICHELLE · CIK 0001581054 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,250

Underlying: Common Shares of Beneficial Interest · 6,250 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

SEC source: 0000899243-18-001764 · doc4.xml · derivative · entry 1

Gault Jeffrey M · CIK 0001420947 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 300,000

Underlying: Common Shares of Beneficial Interest · 300,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2019, 2020 and 2021.

SEC source: 0000899243-18-001757 · doc4.xml · derivative · entry 1

Boehler Fred W · CIK 0001557302 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 78,125

Underlying: Common Shares of Beneficial Interest · 78,125 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

SEC source: 0000899243-18-001756 · doc4.xml · derivative · entry 1

Darweesh Andrea · CIK 0001728298 · Chief HR Officer and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,625

Underlying: Common Shares of Beneficial Interest · 15,625 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

SEC source: 0000899243-18-001755 · doc4.xml · derivative · entry 1

Smernoff Marc · CIK 0001728302 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

Underlying: Common Shares of Beneficial Interest · 25,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · price: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · derivative.exercise_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

F1 · derivative.expiration_date: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on January 23, 2020, 2021 and 2022.

SEC source: 0001209191-18-005466 · doc4.xml · derivative · entry 4

BURKLE RONALD W · CIK 0001015899 · Director · 10% owner

YF Art Holdings, L.P. · CIK 0001728394 · Director · 10% owner

YF Art Holdings GP, LLC · CIK 0001728463 · Director · 10% owner

Yucaipa American Alliance Fund I, LP · CIK 0001330612 · Director · 10% owner

Yucaipa American Alliance Fund I, LLC · CIK 0001490584 · Director · 10% owner

YUCAIPA AMERICAN FUNDS, LLC · CIK 0001452934 · Director · 10% owner

YUCAIPA AMERICAN MANAGEMENT, LLC · CIK 0001452932 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes 2 and 3 and Remarks below

Disclosed balance after: 0

Underlying: Common Shares of Beneficial Interest · 18,574,619 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.expiration_date: The Warrants expire on the earliest to occur of (i) 5:00 p.m. New York time on January 31, 2019, (ii) the closing of a qualified sale transaction and (iii) the closing of a qualified initial public offering.

SEC source: 0001209191-18-005466 · doc4.xml · nonDerivative · entry 3

BURKLE RONALD W · CIK 0001015899 · Director · 10% owner

YF Art Holdings, L.P. · CIK 0001728394 · Director · 10% owner

YF Art Holdings GP, LLC · CIK 0001728463 · Director · 10% owner

Yucaipa American Alliance Fund I, LP · CIK 0001330612 · Director · 10% owner

Yucaipa American Alliance Fund I, LLC · CIK 0001490584 · Director · 10% owner

YUCAIPA AMERICAN FUNDS, LLC · CIK 0001452934 · Director · 10% owner

YUCAIPA AMERICAN MANAGEMENT, LLC · CIK 0001452932 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes 2 and 3 and Remarks below

Disclosed balance after: 62,188,303

F2 · ownership.nature: All securities reported on this Form 4 are held by YFA.

SEC source: 0001209191-18-005466 · doc4.xml · nonDerivative · entry 2

BURKLE RONALD W · CIK 0001015899 · Director · 10% owner

YF Art Holdings, L.P. · CIK 0001728394 · Director · 10% owner

YF Art Holdings GP, LLC · CIK 0001728463 · Director · 10% owner

Yucaipa American Alliance Fund I, LP · CIK 0001330612 · Director · 10% owner

Yucaipa American Alliance Fund I, LLC · CIK 0001490584 · Director · 10% owner

YUCAIPA AMERICAN FUNDS, LLC · CIK 0001452934 · Director · 10% owner

YUCAIPA AMERICAN MANAGEMENT, LLC · CIK 0001452932 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes 2 and 3 and Remarks below

Disclosed balance after: 75,769,587

F1 · kind: Represents the cashless exercise of common share purchase warrants (the "Warrants") held by YF Art Holdings, L.P. ("YFA") to purchase 18,574,619 common shares of beneficial interest, par value $0.01 per share, of the Issuer ("Common Shares"). Pursuant to the terms of the Warrants, the Issuer withheld 12,147,801 Common Shares to pay the exercise price, and issued 6,426,818 Common Shares to YFA.

F2 · ownership.nature: All securities reported on this Form 4 are held by YFA.