Polestar Automotive Holding UK PLC disclosure: Standard Chartered Bank (Hong Kong) Limited reports beneficial ownership of 10,257,743 Class A ADSs, representing 7.1% of the Class A ADSs outstanding on April 17, 2026. Each ADS represents 30 Class A Ordinary Shares. The filing notes that Standard Chartered PLC, as parent of the Bank, may be deemed to share voting and dispositive power over these ADSs.
Positive
None.
Negative
None.
Insights
Holding disclosed by bank subsidiary; parent may share power.
The schedule reports 10,257,743 Class A ADSs held directly by Standard Chartered Bank (Hong Kong) Limited, with shared voting and dispositive power shown. The filing attributes shared power to Standard Chartered PLC as the parent company.
Significant governance detail: the filing ties the percentage (7.1%) to outstanding ADS counts as of April 17, 2026. Future filings could clarify any changes in economic interest or conversion activity.
Key Figures
ADSs beneficially owned:10,257,743 Class A ADSsPercent of class:7.1%ADS-to-share ratio:1 ADS = 30 Class A Ordinary Shares+4 more
7 metrics
ADSs beneficially owned10,257,743 Class A ADSsAmount reported as beneficially owned by the Bank
Percent of class7.1%Percent of Class A ADSs outstanding as of <date>April 17, 2026</date>
ADS-to-share ratio1 ADS = 30 Class A Ordinary SharesConversion ratio for Class A ADSs
Class A Shares outstanding4,315,957,440 Class A SharesAs disclosed in Item 7 of the Form 20-F for the year ended December 31, 2025 (as of April 17, 2026)
Class B Shares outstanding29,892,570 Class B SharesAs disclosed in Item 7 of the Form 20-F for the year ended December 31, 2025 (as of April 17, 2026)
Class A ADS equivalent143,865,248 Class A ADSsClass A Shares expressed in ADS form (April 17, 2026)
Class B ADS equivalent996,419 Class B ADSsClass B Shares expressed in ADS form (April 17, 2026)
Key Terms
American Depositary Share (ADS), Shared dispositive power, Beneficial ownership, Class B conversion
4 terms
American Depositary Share (ADS)financial
"Class A American Depositary Shares ("ADSs"), each ADS representing 30 Class A Ordinary Shares"
Shared dispositive powerregulatory
"Shared Dispositive Power 10,257,743.00"
Beneficial ownershipregulatory
"Amount beneficially owned: 10,257,743"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Class B conversionmarket
"Each Class B Share is convertible into one Class A Share at any time at the option of the holder"
What stake does Standard Chartered report in Polestar (PSNY)?
Standard Chartered Bank (Hong Kong) Limited reports beneficial ownership of 10,257,743 Class A ADSs, equal to 7.1% of Class A ADSs outstanding as of April 17, 2026. The parent is also noted as sharing power.
How many underlying Class A ordinary shares does each ADS represent for PSNY?
Each Class A ADS represents 30 Class A Ordinary Shares. Therefore the reported 10,257,743 ADSs correspond to ADS-denominated holdings rather than single ordinary share counts in the filing.
Does Standard Chartered PLC directly hold the Polestar ADSs?
The filing states the ADSs are held directly by Standard Chartered Bank (Hong Kong) Limited. It explains that Standard Chartered PLC, as parent, may be deemed to share voting and dispositive power over those ADSs.
What outstanding share counts does the filing cite for Polestar?
The filing cites: 4,315,957,440 Class A Shares (in the form of 143,865,248 Class A ADSs) and 29,892,570 Class B Shares (in the form of 996,419 Class B ADSs) outstanding on April 17, 2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Polestar Automotive Holding UK PLC
(Name of Issuer)
Class A American Depositary Shares ("ADSs"), each ADS representing 30 Class A Ordinary Shares, par value $0.01 each
(Title of Class of Securities)
731105409
(CUSIP Number)
02/05/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
731105409
1
Names of Reporting Persons
Standard Chartered Bank (Hong Kong) Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
HONG KONG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,257,743.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,257,743.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,257,743.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.1 %
12
Type of Reporting Person (See Instructions)
BK, FI
Comment for Type of Reporting Person: Note to Rows 6 and 8: Each Class A ADS represents thirty (30) Class A Ordinary Shares, par value $0.01 each. Standard Chartered Bank (Hong Kong) Limited (the "Bank") is a direct, wholly-owned subsidiary of Standard Chartered PLC (the "Parent"). The Bank holds directly 10,257,743 Class A ADSs of the Issuer. Accordingly, as the parent company of the Bank, the Parent may be deemed to share voting and dispositive power over the Class A ADSs of the Issuer held by the Bank.
Note to Row 11: Based on (i) 4,315,957,440 Class A Shares in the form of 143,865,248 Class A ADSs and (ii) 29,892,570 Class B Shares in the form of 996,419 Class B ADSs outstanding on April 17, 2026, as disclosed by the Issuer in Item 7 of its Annual Report on Form 20-F for the year ended December 31, 2025. Each Class B Share is convertible into one Class A Share at any time at the option of the holder of such Class B Share. Assumes the conversion of the Class B Shares referred to above into Class A Shares.
Explanatory Note: This Schedule 13G is being filed by the Bank and the Parent with respect to the Class A ADSs of the Issuer. A Schedule 13G relating to the Class A ADSs was previously filed on February 12, 2026 under the CIK code of Standard Chartered Bank (the "Original Schedule 13G"). Due to a clerical error, the Original Schedule 13G was inadvertently filed under the incorrect CIK code and should be disregarded. This Schedule 13G supersedes and replaces the Original Schedule 13G in its entirety.
SCHEDULE 13G
CUSIP Number(s):
731105409
1
Names of Reporting Persons
Standard Chartered PLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,257,743.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,257,743.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,257,743.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.1 %
12
Type of Reporting Person (See Instructions)
HC, FI
Comment for Type of Reporting Person: Note to Rows 6 and 8: Each Class A ADS represents thirty (30) Class A Ordinary Shares, par value $0.01 each. The Bank is a direct, wholly-owned subsidiary of the Parent. The Bank holds directly 10,257,743 Class A ADSs of the Issuer. Accordingly, as the parent company of the Bank, the Parent may be deemed to share voting and dispositive power over the Class A ADSs of the Issuer held by the Bank.
Note to Row 11: Based on (i) 4,315,957,440 Class A Shares in the form of 143,865,248 Class A ADSs and (ii) 29,892,570 Class B Shares in the form of 996,419 Class B ADSs outstanding on April 17, 2026, as disclosed by the Issuer in Item 7 of its Annual Report on Form 20-F for the year ended December 31, 2025. Each Class B Share is convertible into one Class A Share at any time at the option of the holder of such Class B Share. Assumes the conversion of the Class B Shares referred to above into Class A Shares.
Explanatory Note: This Schedule 13G is being filed by the Bank and the Parent with respect to the Class A ADSs of the Issuer. The Original Schedule 13G relating to the Class A ADSs was previously filed on February 12, 2026 under the CIK code of Standard Chartered Bank. Due to a clerical error, the Original Schedule 13G was inadvertently filed under the incorrect CIK code and should be disregarded. This Schedule 13G supersedes and replaces the Original Schedule 13G in its entirety.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Polestar Automotive Holding UK PLC
(b)
Address of issuer's principal executive offices:
Assar Gabrielssons Vag 9, Gothenburg, V7 405 31
Item 2.
(a)
Name of person filing:
Standard Chartered Bank (Hong Kong) Limited (the "Bank")
Standard Chartered PLC (the "Parent")
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of the Bank is Standard Chartered Bank Building, 4-4A Des Voeux Road, Central, Hong Kong
The address of the principal business office of the Parent is 1 Basinghall Avenue, London, United Kingdom EC2V 5DD
(c)
Citizenship:
The place of organization of the Bank is Hong Kong
The place of organization of the Parent is the United Kingdom
(d)
Title of class of securities:
Class A American Depositary Shares ("ADSs"), each ADS representing 30 Class A Ordinary Shares, par value $0.01 each
(e)
CUSIP Number(s):
731105409
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Bank
Item 4.
Ownership
(a)
Amount beneficially owned:
10,257,743
(b)
Percent of class:
7.1%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
10,257,743
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
10,257,743
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
The Bank is a direct, wholly-owned subsidiary of the Parent and holds directly the Class A ADSs of the Issuer reported herein. Accordingly, the Parent may be deemed to share voting and dispositive power over the Class A ADSs of the Issuer held by the Bank. The Bank is classified under Item 3 as a non-U.S. institution (bank).
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to a bank is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution. I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Standard Chartered Bank (Hong Kong) Limited
Signature:
/s/ Steven K. Choe
Name/Title:
Steven K. Choe / Managing Director, Global Head, Equity Financing and Derivatives
