Prologis, Inc. — Director's Dealing 2025

Feb 4, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2025-02-02

Reporting Person: Ghazal Joseph (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-02	Common Stock	M	956	—	Acquired	19206	Direct
2025-02-02	Common Stock	F	232	$119.25	Disposed	18974	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-02	Restricted Stock Unit	$	M	956	Disposed		Common Stock (956)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
LTIP Units	$0		Common Stock (18351)	18351	Direct

Footnotes

F1: Restricted stock units (RSUs) convert into common stock on a 1-for-1 basis. RSUs have no exercise price or expiration date.

F2: On February 2, 2021, the reporting person was granted 3,827 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date.

F3: On January 22, 2025, the reporting person filed a Form 4 which inadvertently added LTIP units to his restricted stock unit total in Column 9. This Form 4 reflects the correct totals for each Column 9.

F4: Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in Prologis, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of Common Stock of the Company (the "Common Stock"), except that the Company may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert vested LTIP Units into Common Units and redeem Common Units have no expiration dates.