Prologis, Inc. — Director's Dealing 2023

May 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2023-04-29

Reporting Person: WEBB CARL B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-29	Common Stock	M	2261	$0.00	Acquired	86587	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-04-29	Deferred Stock Units and Dividend Equivalent Units-NQDC	$0.00	M	2261.8636	Disposed		Common Stock (2261.8636)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Shares-NQDC	$0.00		Common Stock (21696.6183)	21696.6183	Direct

Footnotes

F1: 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 (April 29, 2020) or (b) the first annual meeting of the stockholders of Prologis. Shares were released on April 29, 2023. DSUs and DEUs convert into Prologis common stock upon vesting on a 1-for-1 basis and have no exercise price or expiration date.

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. Balance in column 9 includes phantom shares and DEUs.