Prologis, Inc. — Director's Dealing 2023

Jan 5, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2022-12-30

Reporting Person: BITA CRISTINA GABRIELA (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-30	Dividend Equivalent Units - NQDC	$0.00	A	37.9717	Acquired		Common Stock (37.9717)	Direct
2022-12-30	Dividend Equivalent Units - NQDC	$0.00	A	21.5266	Acquired		Common Stock (21.5266)	Direct
2022-12-30	Phantom Shares - NQDC	$0.00	A	266	Acquired		Common Stock (266)	Direct

Footnotes

F1: 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.

F2: Represents DEUs earned on 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.

F3: 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.