MOHEBBI AFSHIN 4

What Happened

• Afshin Mohebbi, a director of Digital Realty Trust, L.P. (DLR), was granted 1,289 long‑term incentive units (reported as a derivative award) on May 29, 2026. The units were issued at an acquisition price of $0 (award), so there was no cash paid by the insider.

Key Details

• Transaction date: 2026-05-29; Form filed: 2026-06-02 (filed several days after the reported grant; Form 4s are generally due within 2 business days).
• Transaction type/code: A — Award/Grant (derivative security).
• Quantity: 1,289 profits interest units; acquisition price reported as $0.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes:
  • These are profits interest (long‑term incentive) units that may be converted into an equal number of common limited partnership units under the partnership agreement (F1).
  • Common units can be redeemed for cash based on the fair market value of an equivalent number of the General Partner’s common shares, or converted to shares of the General Partner’s common stock (subject to adjustments) (F1).
  • The awards vest on the earlier of the first anniversary of the grant date or the day before the next annual meeting of stockholders; vested units have no expiration (F2).
• Remarks: This Form 4 reports the Issuer transaction and is being reported concurrently on a Form 4 for the General Partner.

Context

• This was a compensation award (not an open‑market purchase or sale), so it generally reflects company compensation practices rather than an immediate personal investment decision by the insider.
• Because these are derivative/convertible profits‑interest units, they can later convert to common units (and be redeemed for cash or equity), which may have economic value depending on Digital Realty’s future stock/partnership value.