Company: PLDGP
Filing Date: 2025-06-06
Form Type: 11-K
Source: 0000950170-25-083118
Chunk: 8

Company: Prologis, Inc.
Filing Date: 2025-06-06
Form: 11-K
Chunk 8
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| Investments measured at net asset value (2)             |     |      | 341,640 |     |      | 150,158 |
| Total investments, at fair value                        |     | $    | 514,052 |     | $    | 464,520 |

(1) For the years ended December 31, 2024 and 2023, all Plan investments in the fair value hierarchy table were measured using Level 1 inputs. (2) The common/collective investment trusts were measured at NAV per unit (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy. As a result of Plan Management’s continuous assessment of Plan performance, certain investments were reallocated from mutual funds into common/collective investment trusts measured at NAV. There are no unfunded commitments at December 31, 2024 and 2023, and redemption restrictions for these investments and a redemption notice period are not required per the Plan. The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to Investments, at Fair Value presented in the Statements of Net Assets Available for Benefits. NOTE 3. PLAN TERMINATION Although the Company has not expressed any intention to terminate the Plan, it may do so at any time. In the event of a termination of the Plan, participants will become fully vested in their accounts and the Plan’s trustee would distribute the assets in the Plan to participants. Additionally, the Plan’s sponsor may amend the Plan at any time without the consent of any participant or any beneficiary, provided that no amendment deprives any participant of the participant’s vested accrued benefit. NOTE 4. TAX STATUS Effective January 1, 2022, the Plan was amended and restated through the adoption of a pre-approved plan document (formerly known as a volume submitter plan). The pre-approved plan received an advisory letter from the IRS dated June 30, 2020, stating that it is qualified under Section 401 of the Internal Revenue Code ("IRC"), and that any employer adopting this form of the plan will be considered to have a plan qualified under Section 401(a) of the IRC. No Plan provisions were amended due to the adoption of the pre-approved plan. Once qualified, the Plan is required to operate in conformity with the IRC to maintain its qualification. Prologis believes the Plan, as amended, is being operated and administered in compliance with the applicable requirements of the IRC and, therefore, believes that the Plan is qualified and