Polestar (PSNY) CCO logs automatic sale of 895 ADSs to cover taxes
Rhea-AI Filing Summary
Polestar Automotive Holding UK PLC Chief Commercial Officer Dicken Scott Fraser reported an automatic sale of Class A American Depositary Shares to cover taxes. On April 27, 2026, he sold 895 ADSs at a weighted average price of $17.6824 per ADS.
The shares were sold in broker-executed block trades under a pre-arranged sell-to-cover arrangement to satisfy tax withholding obligations from vesting equity awards, and did not represent a discretionary trade. After this transaction, Fraser directly held 961 ADSs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 895 shares
Net Sell
1 txn
Insider
Dicken Scott Fraser
Role
Chief Commercial Officer
Sold
895 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A American Depositary Shares | 895 | $17.6824 | $16K |
Holdings After Transaction:
Class A American Depositary Shares — 961 shares (Direct)
Footnotes (2)
- F1. All of the Class A American Depositary Shares ("ADSs") were sold pursuant to a sell to cover transaction to satisfy tax withholding obligations upon the vesting of equity awards. The sale was executed automatically pursuant to a sell to cover arrangement and does not represent a discretionary trade by the Reporting Person.
- F2. The price reported is a weighted average price. These ADSs were sold as part of block trades by the broker executing the sell to cover transactions over several days for multiple security holders of the Issuer at weighted average prices ranging from $17.5813 to $17.7911, inclusive.
Key Figures
ADSs sold: 895 ADSs
Weighted average sale price: $17.6824 per ADS
Post-transaction holdings: 961 ADSs
+1 more
4 metrics
ADSs sold
895 ADSs
Open-market sale on April 27, 2026
Weighted average sale price
$17.6824 per ADS
Sell-to-cover tax transaction
Post-transaction holdings
961 ADSs
Directly held after April 27, 2026 sale
Sale price range
$17.5813–$17.7911 per ADS
Block trades executed by broker
Key Terms
sell to cover, weighted average price, American Depositary Shares, equity awards, +1 more
5 terms
sell to cover financial
"sold pursuant to a sell to cover transaction to satisfy tax withholding obligations"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
equity awards financial
"tax withholding obligations upon the vesting of equity awards."
Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.
block trades financial
"These ADSs were sold as part of block trades by the broker"
A block trade is a single, large buy or sell of shares or bonds arranged privately between big traders rather than piecemeal on the public market. Think of it like buying a whole shipment at once instead of many small shopping trips; it lets large holders move big positions with less immediate disruption but can signal strong buying or selling pressure and cause price swings once the trade is known, so investors watch block trades for clues about market sentiment and liquidity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Polestar (PSNY) executive Dicken Scott Fraser report in this Form 4?
Dicken Scott Fraser reported an automatic tax-related share sale. He sold 895 Class A American Depositary Shares at a weighted average price of $17.6824 to cover tax withholding from vesting equity awards, and this did not represent a discretionary trade.
How many Polestar (PSNY) ADSs did the Chief Commercial Officer sell and at what price?
The Chief Commercial Officer sold 895 ADSs at a weighted average $17.6824. The sales occurred as part of broker-executed block trades under a sell-to-cover arrangement tied to equity award vesting and related tax obligations.
Was the Polestar (PSNY) insider sale by Dicken Scott Fraser a discretionary transaction?
No, the sale was not discretionary. The Form 4 states all 895 ADSs were sold automatically under a sell-to-cover arrangement solely to satisfy tax withholding obligations when equity awards vested, rather than being an elective open-market sale.
How many Polestar (PSNY) ADSs does Dicken Scott Fraser own after this transaction?
After the transaction, Fraser directly held 961 ADSs. The Form 4 shows this post-transaction balance in Class A American Depositary Shares, providing context that the tax-related sale represented only part of his overall direct holdings.
What is a sell-to-cover transaction as used in the Polestar (PSNY) Form 4?
A sell-to-cover transaction sells shares to pay tax withholding on vested awards. In this case, 895 ADSs were automatically sold when equity awards vested so that required tax obligations could be satisfied without separate cash payment by the executive.