Slusser Sarah A 4

What Happened
Sarah A. Slusser, a director of Prologis, reported a small open-market purchase and multiple subsequent open-market sales. She purchased 13 shares on 2025-05-14 at $107.34 ($1,395) and later sold a total of 111 shares in several transactions between 2025-07-10 and 2026-01-28, generating about $12,632 in proceeds. The purchase is a limited buy; the later sales are more substantial in aggregate.

Key Details

• Transactions reported:
  • 2025-05-14 — Purchase (P): 13 shares @ $107.34 = $1,395 (acquired)
  • 2025-07-10 — Sale (S): 19 shares @ $108.58 = $2,063 (disposed)
  • 2025-07-14 — Sale (S): 22 shares @ $108.63 = $2,390 (disposed)
  • 2025-10-08 — Sale (S): 18 shares @ $115.87 = $2,086 (disposed)
  • 2025-10-09 — Sale (S): 42 shares @ $114.69 = $4,817 (disposed)
  • 2026-01-28 — Sale (S): 10 shares @ $127.57 = $1,276 (disposed)
• Total reported sales proceeds: $12,632; total reported purchase cost: $1,395; net cash from these reported trades ≈ $11,237.
• Shares owned after these transactions: not specified in the provided filing excerpt.
• Footnote: Trades were executed in broker‑managed discretionary accounts without the reporting person's knowledge; the reporting was untimely and the filer agreed to voluntarily disgorge a de minimis amount representing all statutory Section 16(b) "profits."
• Filing timeliness: Late (transactionTimeliness = 'L') — filing was untimely per the footnote.
• No 10b5‑1 plan, grants, exercises, or gifts noted in the provided details.

Context
Purchases by insiders can be interpreted as more informative than routine sales, but this report shows a very small open‑market purchase followed by multiple sales. The late filing and the footnote about broker discretion mean the reporting person says they were not aware of the trades when they occurred; the agreed disgorgement under Section 16(b) addresses any short‑swing profit issues. This summary is factual and does not ascribe motive or investment outlook.