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Polestar (PSNY) Chief Legal Officer auto-sells ADSs to cover equity award taxes

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Polestar Automotive Holding UK PLC Chief Legal Officer Anna Elin Margareta Rudensjo reported an automatic sale of 1,387 Class A American Depositary Shares at a weighted average price of $17.6824 per ADS.

The footnotes explain that all ADSs were sold in a sell to cover transaction to satisfy tax withholding obligations upon the vesting of equity awards. The sale was executed automatically under a sell to cover arrangement and is not a discretionary trade. After this transaction, Rudensjo directly holds 3,379 ADSs.

Positive

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Negative

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Insider Rudensjo Anna Elin Margareta
Role Chief Legal Officer
Sold 1,387 shs ($25K)
Type Security Shares Price Value
Sale Class A American Depositary Shares 1,387 $17.6824 $25K
Holdings After Transaction: Class A American Depositary Shares — 3,379 shares (Direct, null)
Footnotes (1)
  1. 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. 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.
ADSs sold 1,387 ADSs Open-market sale on sell to cover basis
Weighted average sale price $17.6824 per ADS Reported transaction price
Post-transaction holdings 3,379 ADSs Directly held after sale
Price range of block trades $17.5813–$17.7911 per ADS Broker block trades range
Net shares sold 1,387 ADSs Net-sell direction in transaction summary
Class A American Depositary Shares financial
"All of the Class A American Depositary Shares ("ADSs") were sold pursuant"
sell to cover transaction financial
"were sold pursuant to a sell to cover transaction to satisfy tax withholding"
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.
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.
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Rudensjo Anna Elin Margareta
(Last)(First)(Middle)
ASSAR GABRIELSSONS VAG 9
(Street)
GOTHENBURGSE-405 31
(City)(State)(Zip)
SWEDEN
(Country)		2. Issuer Name and Ticker or Trading Symbol
Polestar Automotive Holding UK PLC [ PSNY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A American Depositary Shares04/27/2026S1,387(1)D$17.6824(2)3,379D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. 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.
Remarks:
Chris Bailey-Gates, Attorney-in-fact04/29/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

Why did the PSNY insider sell 1,387 American Depositary Shares?

The 1,387 ADSs were sold in a sell to cover transaction to satisfy tax withholding obligations triggered by the vesting of equity awards. The filing states the sale was executed automatically and does not represent a discretionary trade by the reporting person.

Was the Polestar (PSNY) insider sale a discretionary trade?

No. The filing explains the ADSs were sold automatically under a sell to cover arrangement to cover tax withholding on vested equity awards. It explicitly states the transaction does not represent a discretionary trade by Chief Legal Officer Anna Elin Margareta Rudensjo.

What price did the PSNY ADSs sell for in this insider transaction?

The reported sale price is a weighted average of $17.6824 per ADS. Footnotes note the ADSs were sold in broker block trades over several days for multiple holders, at weighted average prices ranging from $17.5813 to $17.7911 inclusive.

How many Polestar (PSNY) ADSs does the insider hold after the sale?

Following the tax-related sale, Chief Legal Officer Anna Elin Margareta Rudensjo directly holds 3,379 Class A ADSs. This post-transaction balance is disclosed in the Form 4 and reflects her remaining direct ownership after selling 1,387 ADSs to cover tax obligations.

What does a sell to cover transaction mean for PSNY equity awards?

A sell to cover transaction means shares are automatically sold to pay required tax withholding when equity awards vest. For Polestar’s Chief Legal Officer, the broker sold 1,387 ADSs for this purpose, turning part of the vested award into cash for taxes instead of retaining all shares.