Polestar CDO sells 527 ADS in tax sell-to-cover
Polestar Automotive Holding UK PLC Chief Digital Officer Beatrice Simonsson reported an automatic tax-related sale of Class A American Depositary Shares.
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Rhea-AI Filing Summary
Polestar Automotive Holding UK PLC Chief Digital Officer Beatrice Simonsson reported an automatic tax-related sale of Class A American Depositary Shares. She sold 527 ADSs in an open-market transaction at a weighted average price of $17.6824 per ADS to cover tax withholding obligations when equity awards vested. After this sell-to-cover transaction, she holds 612 ADSs directly. The sale was executed automatically under a sell-to-cover arrangement and did not represent a discretionary trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A American Depositary Shares | 527 | $17.6824 | $9K |
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
Key Terms
sell to cover financial
weighted average price financial
equity awards financial
tax withholding obligations financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Polestar (PSNY) report for Beatrice Simonsson?
Why did Polestar (PSNY) CDO Beatrice Simonsson sell 527 ADS?
At what price were the 527 Polestar (PSNY) ADS sold in the Form 4?
How many Polestar (PSNY) ADS does Beatrice Simonsson hold after this transaction?
Was the Polestar (PSNY) insider ADS sale a discretionary trade?
AI-generated analysis. How Rhea-AI works. Not financial advice.