Joseph Ghazal - 03 May 2025 Form 4 Insider Report for Prologis, Inc. (PLD)

Role: Chief Investment Officer
Signature: /s/ Tammy Colvocoresses Attorney-In-Fact for Joseph Ghazal
Issuer symbol: PLD
Transactions as of: 03 May 2025
Net transactions value: -$13,492
Form type: 4
Filing time: 06 May 2025, 18:27:28 UTC
Previous filing: 24 Feb 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Ghazal Joseph	Chief Investment Officer	PIER 1, BAY 1, SAN FRANCISCO	/s/ Tammy Colvocoresses Attorney-In-Fact for Joseph Ghazal	06 May 2025	0002006671

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLD	Common Stock	Options Exercise	$0	+252	+3.1%	$0.000000	8,470	03 May 2025	Direct	F1, F2
transaction	PLD	Common Stock	Tax liability	$13,492	-128	-1.5%	$105.41	8,342	03 May 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PLD	Restricted Stock Units	Options Exercise	$0	-252	-0.37%	$0.000000	67,523	03 May 2025	Common Stock	252	$0.000000	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Conversion of 25% of Restricted stock unit (RSU) grant following vest on 5/3/25. The RSUs convert into Prologis Common Stock upon vesting on a 1-for-1 basis. RSUs have no exercise price or expiration date.
F2	Restricted stock units (RSUs) convert into common stock on a 1-for-1 basis. RSUs have no exercise price or expiration date.
F3	On May 3, 2023, the reporting person was granted 1009 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date.