[Form 4] Polaris Inc. Insider Trading Activity

Polaris Inc. President-Marine Benjamin D. Duke reported new equity awards.

Rhea-AI Filing Summary

Polaris Inc. President-Marine Benjamin D. Duke reported new equity awards. On January 28, 2026, he acquired 9,240 shares of Polaris common stock at $64.94 per share, bringing his direct common stock holdings to 44,030 shares.

He also received an employee stock option for 34,345 shares with a $71.43 exercise price, expiring on January 28, 2036. The option vests in three equal installments on February 9, 2027, February 8, 2028, and February 13, 2029. In addition, 165 shares are held indirectly through an ESOP as of January 29, 2026.

Insider Trade Summary

Grant/Award: 43,585 shares

Grant/Award 3 txns

Insider Duke Benjamin D

Role President-Marine

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (right to buy)	34,345	$0.00	$0.00
Grant/Award	Common Stock	9,240	$64.94	$600K
holding	Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (right to buy) — 34,345 contracts (Direct); Common Stock — 44,030 shares (Direct); Common Stock — 165 shares (Indirect, by ESOP)

Footnotes (2)

1. F1. Estimate of the number of shares held in the reporting person's ESOP fund as of January 29, 2026. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.
2. F2. The option vests in three equal installments on February 9, 2027, February 8, 2028, and February 13, 2029.

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Accepted by SEC EDGAR 01/30/2026 - 08:17 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Duke Benjamin D

(Last) (First) (Middle)

2100 HIGHWAY 55

(Street)

MEDINA MN 55340

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Polaris Inc. [ PII ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President-Marine

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/28/2026		A		9,240	A	$64.94	44,030	D
Common Stock								165(1)	I	by ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$71.43	01/28/2026		A		34,345		(2)	01/28/2036	Common Stock	34,345	$0	34,345	D

Explanation of Responses:

1. Estimate of the number of shares held in the reporting person's ESOP fund as of January 29, 2026. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.

2. The option vests in three equal installments on February 9, 2027, February 8, 2028, and February 13, 2029.

Remarks:

	Sarah Maveus, Attorney-in-Fact	01/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.