Prologis, Inc. — Director's Dealing 2023

Dec 13, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2023-12-08

Reporting Person: Connor James B. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-08	Common Stock	J	124750	$0.00	Acquired	124750	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-08	Units	$0.00	C	124750	Disposed		Common Stock (124750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4234	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Dividend Equivalent Units-NQDC	$0.00		Common Stock (1827.84)	1827.84	Direct

Footnotes

F1: Conversion of Prologis limited partnership units (the "Common Units") and redemption of Common Units for common stock. The units have no exercisable date or expiration date.

F2: Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board that are
deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis
common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier
of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each
year). The receipt of such DEUs is deferred along with the underlying DSUs. DSUs and DEUs are paid in the form of Prologis common stock at
the rate of one common share per DSU or DEU. Balance in column 9 includes DSUs and DEUs.