Company: PLDGP
Filing Date: 2025-10-03
Form Type: 424B3
Source: 0001104659-25-096724
Chunk: 237

Company: Prologis, Inc.
Filing Date: 2025-10-03
Form: 424B3
Chunk 237
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 in light of their individual circumstances, or with holders subject to special treatment under the federal income tax laws, including:

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insurance companies;

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tax-exempt organizations;

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financial institutions or broker-dealers;

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traders in securities that elect to mark to market;

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holders owning our capital stock as part of a “straddle,” “hedge,” “conversion” or other risk reduction transaction;

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holders whose functional currency is not the United States dollar;

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holders subject to the alternative minimum tax;

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persons deemed to sell our capital stock under the constructive sale provisions of the Code;

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“S” corporations;

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partnerships and persons holding our capital stock through an entity treated as a partnership for federal income tax purposes;

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expatriates;

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REITs or regulated investment companies;

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holders who acquire our capital stock as compensation; and

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except as specifically provided below, non-United States stockholders (as defined below).

#### Taxable United States Stockholders
If you are a “United States stockholder,” as defined below, this section applies to you. Otherwise, the next section, “Non-United States Stockholders,” applies to you.

Definition of a United States Stockholder. A “United States stockholder” is a beneficial holder of capital stock who is, for United States federal income tax purposes:

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a citizen or resident of the United States;

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a corporation, partnership or other entity created or organized in or under the laws of the United States or of any state or in the District of Columbia, unless, in the case of a partnership, Treasury regulations provide otherwise;

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an estate which is required to pay United States federal income tax regardless of the source of its income; or

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a trust if a United States court can exercise primary supervision over the administration of such trust and one or more United States persons have authority to control all substantial decisions of such trust, or if such trust has a valid election in place to be treated as a United States person.

Distributions Generally. Distributions out of our current or accumulated earnings and profits, other than capital gain dividends discussed below, will constitute dividends generally taxable to our taxable United States stockholders as ordinary income. As long as we qualify as a REIT, these distributions will not be eligible for the dividends-received deduction in the case of United States stockholders that are corporations. For purposes of determining whether distributions to holders of our stock are out of current or accumulated earnings and profits, our