[Form 4] Prologis, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Lydia H. Kennard, a director of Prologis, Inc. (PLD), reported a non‑derivative acquisition on 09/30/2025 consisting of 56.4957 Dividend Equivalent Units (DEUs) credited under the company's Nonqualified Deferred Compensation Plan. DEUs accrue at the Prologis common stock dividend rate and are deferred along with underlying Deferred Stock Units (DSUs).

The filing shows that DEUs and DSUs vest on the earlier of one year after grant or the first annual meeting after grant and are paid in common stock at one share per DSU/DEU. After this transaction, Ms. Kennard beneficially owned 6,462.313 shares (including DSUs and DEUs). The Form 4 was signed by an attorney‑in‑fact and filed on 10/02/2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KENNARD LYDIA H

(Last) (First) (Middle)

C/O PROLOGIS, INC., PIER 1, BAY 1

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Prologis, Inc. [ PLD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Units - NQDC	$0(1)	09/30/2025	09/30/2025	A		56.4957		(1)	(1)	Common Stock	56.4957	$0(1)	6,462.313	D

Explanation of Responses:

1. 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.

	/s/ Tammy Colvocoresses, Attorney-In-Fact for Lydia H. Kennard	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What transaction did Lydia H. Kennard report on Form 4 for PLD?

The Form 4 reports an acquisition of 56.4957 Dividend Equivalent Units (DEUs) on 09/30/2025 credited under Prologis' NQDC Plan.

How many Prologis shares does Lydia Kennard beneficially own after the reported transaction?

The filing shows beneficial ownership of 6,462.313 shares following the reported transaction, including DSUs and DEUs.

How are the DEUs paid and when do they vest?

DEUs and underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting after the grant and are paid in Prologis common stock at one share per DSU/DEU.

What is the relationship of the reporting person to Prologis?

The reporting person, Lydia H. Kennard, is listed as a Director of Prologis.

Who signed and filed the Form 4 and when was it filed?

The Form 4 was signed by Tammy Colvocoresses, Attorney‑In‑Fact for Lydia H. Kennard and dated 10/02/2025.