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: BITA CRISTINA GABRIELA (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-04	Deferred Stock Units - NQDC	$0.00	A	1801	Acquired		Common Stock (1801)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Shares- NQDC	$0.00		Common Stock (3622.747)	3622.747	Direct

Footnotes

F1: Deferred Stock Units (DSUs) granted May 4, 2023, which vest 100% on the earlier of the first anniversary of the grant date, or the first annual
meeting of the stockholders of Prologis that occurs after the grant date, and generally, are deferred under the Prologis, Inc. Nonqualified
Deferred Compensation Plan until May 4, 2026. DSUs earn dividend equivalent units (DEUs) when dividends are paid with respect to Prologis
common stock and have no exercisable or expiration date. DSUs and accrued DEUs are convertible into Prologis common stock on a 1-for-1
basis. Balance in column 9 includes DSUs and DEUs.

F2: 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 are paid in the form of Prologis common stock at the rate of one common share per phantom share in accordance with the
deferral election made by the reporting person, or upon termination of service, and have no exercise price or expiration date. Balance in column
9 includes phantom shares and DEUs.