Prologis, Inc. — Director's Dealing 2022

Dec 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2022-12-16

Reporting Person: Anderson Gary E (Chief Operating Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-16	LTIP Units	$0.00	A	52525	Acquired		Common Stock (52525)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1953.367	Indirect
Common Stock	21	Direct

Footnotes

F1: Represents shares held in the company's 401(k) Plan as of September 30, 2022.

F2: Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25% on each of 12/16/2023, 12/16/2024, 12/16/2025, 12/16/2026 subject to continued employment. The LTIP Units were issued to the reporting person pursuant to the Prologis, Inc. 2020 Long-Term Incentive Plan (the "2020 LTIP").

F3: Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be
converted, at the election of the holder, into a common unit of limited partnership interest in Prologis, L.P. (a "Common Unit"). Each Common
Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder after the completion of a two year
waiting period, for cash equal to the then fair market value of a share of Common Stock of the Company (the "Common Stock"), except that
the Company may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert vested LTIP
Units into Common Units and redeem Common Units have no expiration dates.