Andrew Power - 12 Sep 2025 Form 4 Insider Report for DIGITAL REALTY TRUST, INC. (DLR)

Reporting relationship: PRESIDENT AND CEO, Director
Issuer ticker: DLR
Reported as of: 12 Sep 2025
Net transaction value: -$10,158,996
SEC form: 4
Accepted by SEC: 16 Sep 2025, 16:17:51 UTC
Prior SEC filing: 22 May 2025
Next SEC filing: 19 Sep 2025
Source filing: View source filing
Reporting owner signature: /s/ Salini Nandipati, Attorney-in-Fact

Key filing fact

Andrew Power filed Form 4 for DIGITAL REALTY TRUST, INC. (DLR) on 16 Sep 2025.

Key facts

This page summarizes Andrew Power's Form 4 filing for DIGITAL REALTY TRUST, INC. (DLR).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 16 Sep 2025, 16:17.

Change

Previous filing in this sequence was filed on 22 May 2025.
Current net transaction value: -$10,158,996.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001641275 Primary reporting owner

Power Andrew

Relationship: PRESIDENT AND CEO, Director
Address: 2323 BRYAN STREET, STE. 1800, DALLAS
Signature: /s/ Salini Nandipati, Attorney-in-Fact
Signature date: 16 Sep 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DLR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +4,731
Change %
Price: $0.000000
Shares after: 4,731
Date: 12 Sep 2025
Ownership: Direct
Footnotes: F1, F2

DLR transaction

Common Stock

Sale

Transaction value: $828,398
Shares: -4,731
Change %: -100%
Price: $175.10
Shares after: 0
Date: 12 Sep 2025
Ownership: Direct
Footnotes: F2, F3

DLR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +53,269
Change %
Price: $0.000000
Shares after: 53,269
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F1, F2

DLR transaction

Common Stock

Sale

Transaction value: $9,330,598
Shares: -53,269
Change %: -100%
Price: $175.16
Shares after: 0
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F2, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DLR transaction Derivative

Long-Term Incentive Units

Options Exercise

Transaction value: $0
Shares: -4,731
Change %: -1.2%
Price: $0.000000
Shares after: 397,970
Date: 12 Sep 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,731
Exercise price
Footnotes: F2, F5, F6

DLR transaction Derivative

Long-Term Incentive Units

Options Exercise

Transaction value: $0
Shares: -53,269
Change %: -13%
Price: $0.000000
Shares after: 344,701
Date: 15 Sep 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 53,269
Exercise price
Footnotes: F2, F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 6 footnotes

Footnote F1

The reporting person converted long-term incentive units into common limited partnership units ("Common Units") of Digital Realty Trust, L.P. (the "Operating Partnership"), of which the Issuer is the general partner, and subsequently redeemed the Common Units for shares of the common stock of the Issuer, all in accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership.

Footnote F2

Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. ("Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially not have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Common Units may be converted into an equal number of Common Units on a 1-for-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.

Footnote F3

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.00 to 175.46.

Footnote F4

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.00 to $175.68.

Footnote F5

The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by Mr. Power on May 5, 2025.

Footnote F6

N/A

SEC remarks

The statement of changes in beneficial ownership of securities ("Form 4") of the Issuer is being filed to report transactions that are being reported concurrently on a Form 4 for the Operating Partnership.