[Form 4] PROLOGIS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Lori A. Palazzolo, Chief Accounting Officer/MD of Prologis, Inc. (PLD), reported conversions and holdings on 08/19/2025. She converted 25,000 LTIP units into common units and redeemed those common units for 25,000 shares of Prologis common stock, recorded at $0.00 price for the reporting transaction, resulting in 102,883 shares beneficially owned following the transaction. The filing also notes 235.77 shares held indirectly through the company 401(k) Plan as of June 30, 2025. The Form 4 was signed by an attorney-in-fact on behalf of Ms. Palazzolo on 08/21/2025.

Positive

• Timely disclosure of the LTIP unit conversion and resulting share ownership in compliance with Section 16 reporting
• Increase in beneficial ownership to 102,883 shares following conversion of 25,000 LTIP units

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider conversion of LTIP units into common stock increased reported beneficial ownership to 102,883 shares.

This Form 4 documents a non-cash corporate compensation conversion: 25,000 LTIP units were converted and redeemed for 25,000 shares on 08/19/2025, recorded at a $0.00 transaction price for reporting purposes. Such conversions are typical for executive long-term incentive realizations and do not reflect open-market buying or selling. The filing also discloses a small indirect holding of 235.77 shares via the 401(k) Plan as of 06/30/2025. No derivative exercisable dates or expiration dates apply to the LTIP units per the explanation. Impact on outstanding share count or insider ownership percentage is not provided in the filing, so investor-level materiality cannot be quantified from this form alone.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 reporting for executive compensation conversions; no apparent compliance issues.

The report indicates timely disclosure of an internal compensation conversion by an executive officer via a signed Form 4. The description clarifies the mechanics: LTIP units converted to common units and redeemed for stock, with units lacking exercise or expiration dates. The signing by an attorney-in-fact is noted. There are no reported open-market transactions, loans, or transfers to related parties in this filing. Without additional context (total outstanding shares or insider percentage), the governance implications are procedural and routine.

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

OMB APPROVAL

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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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Palazzolo Lori A

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer/MD

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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
Common Stock(1)	08/19/2025	08/19/2025	A		25,000	A	$0	25,414	D
Common Stock								235.77(2)	I	By 401(k) Plan

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
LTIP Units	$0.00	08/19/2025	08/19/2025	M			25,000	(1)	(1)	Common Stock	25,000	$0.00	102,883	D

Explanation of Responses:

1. Conversion of LTIP Units (the "LTIP Units") of Prologis, L.P. into common units of Prologis, L.P. (the "Common Units") and redemption of Common Units for stock. The units have no exercisable date or expiration date.

2. Represents shares held in the company's 401(k) Plan as of June 30, 2025.

	/s/ Tammy Colvocoresses Attorney-In-Fact for Lori A. Palazzolo	08/21/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What transaction did Lori A. Palazzolo report on Form 4 (PLD)?

The filing reports conversion of 25,000 LTIP units into common units and redemption for 25,000 shares of Prologis common stock on 08/19/2025.

How many Prologis shares does Ms. Palazzolo beneficially own after the reported transaction?

She beneficially owned 102,883 shares following the reported transaction.

Were any open-market purchases or sales reported in this Form 4 for PLD?

No. The transaction reflects an internal conversion/redemption of LTIP units; the reported transaction price is recorded as $0.00.

Does the filing disclose holdings through a 401(k) plan?

Yes. The filing states 235.77 shares are held indirectly via the company 401(k) Plan as of June 30, 2025.

When was the Form 4 signed and by whom?

The form was signed by Tammy Colvocoresses, Attorney-In-Fact for Lori A. Palazzolo on 08/21/2025.