Andrew Power - Sep 12, 2025 Form 4 Insider Report for DIGITAL REALTY TRUST, INC. (DLR)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Salini Nandipati, Attorney-in-Fact
Stock symbol
DLR
Transactions as of
Sep 12, 2025
Transactions value $
-$10,158,996
Form type
4
Date filed
9/16/2025, 04:17 PM
Previous filing
May 22, 2025
Next filing
Sep 19, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Power Andrew PRESIDENT AND CEO, Director 2323 BRYAN STREET, STE. 1800, DALLAS /s/ Salini Nandipati, Attorney-in-Fact 2025-09-16 0001641275

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLR Common Stock Options Exercise $0 +4.73K $0.00 4.73K Sep 12, 2025 Direct F1, F2
transaction DLR Common Stock Sale -$828K -4.73K -100% $175.10 0 Sep 12, 2025 Direct F2, F3
transaction DLR Common Stock Options Exercise $0 +53.3K $0.00 53.3K Sep 15, 2025 Direct F1, F2
transaction DLR Common Stock Sale -$9.33M -53.3K -100% $175.16 0 Sep 15, 2025 Direct F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DLR Long-Term Incentive Units Options Exercise $0 -4.73K -1.17% $0.00 398K Sep 12, 2025 Common Stock 4.73K Direct F2, F5, F6
transaction DLR Long-Term Incentive Units Options Exercise $0 -53.3K -13.39% $0.00 345K Sep 15, 2025 Common Stock 53.3K Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The reporting person converted long-term incentive units into common limited partnership units ("Common Units") of Digital Realty Trust, L.P. (the "Operating Partnership"), of which the Issuer is the general partner, and subsequently redeemed the Common Units for shares of the common stock of the Issuer, all in accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership.
F2 Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. ("Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially not have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Common Units may be converted into an equal number of Common Units on a 1-for-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.00 to 175.46.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.00 to $175.68.
F5 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by Mr. Power on May 5, 2025.
F6 N/A

Remarks:

The statement of changes in beneficial ownership of securities ("Form 4") of the Issuer is being filed to report transactions that are being reported concurrently on a Form 4 for the Operating Partnership.