Prologis, Inc. — Director's Dealing 2023

May 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2023-05-04

Reporting Person: ZOLLARS WILLIAM D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-04	Common Stock	M	3232	$0.00	Acquired	23720	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-04	Deferred Stock Units and Dividend Equivalent Units-NQDC	$0.00	M	3232.5659	Disposed		Common Stock (3232.5659)	Direct

Footnotes

F1: Represents director fees that the reporting person has elected to defer into phantom shares under the NQDC Plan. These phantom shares are vested upon
issuance and accrue DEUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. Phantom shares and DEUs
are paid in the form of Prologis common stock at the rate of one common share per phantom share or DEU in accordance with the deferral election made by
the reporting person, or upon termination of service. Balance in column 9 includes phantom shares and DEUs.