Prologis, Inc. — Director's Dealing 2022

May 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2022-05-01

Reporting Person: Piani Olivier (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-01	Common Stock	M	2621	$0.00	Acquired	7178	Direct
2022-05-01	Common Stock	F	786	$160.29	Disposed	6392	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-01	Deferred Stock Units and Dividend Equivalent Units- NQDC	$0.00	M	2621.48	Disposed		Common Stock (2621.48)	Direct

Footnotes

F1: Shares withheld for payment of the tax liability associated with the receipt of common stock acquired upon the vesting of the Deferred Stock Units (DSUs) referenced in Table II.

F2: Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) that were deferred under the Prologis, Inc. Nonqualified
Deferred Compensation Plan (the NQDC Plan). Original grant terms provided for release of shares on the earlier of (a) the third anniversary of
the Grant Date (May 1, 2019) or (b) the first annual meeting of the stockholders of Prologis. Shares were released on May 2, 2022. DSUs and
DEUs convert into Prologis common stock upon vesting on a 1-for-1 basis and have no exercise price or expiration date.