Natixis discloses 8.4% stake in Polestar (PSNY) shares

Rhea-AI Filing Summary

NATIXIS, a bank organized in France, has filed a Schedule 13G reporting beneficial ownership of 7,755,946 Class A American Depositary Shares of Polestar Automotive Holding UK PLC. This represents 8.4% of the class as of the event date December 23, 2025.

NATIXIS reports sole power to vote these 7,755,946 ADSs, with no shared voting power and no sole or shared power to dispose of the securities. Each Class A ADS represents thirty Class A ordinary shares, and the ownership percentage is calculated assuming conversion of outstanding Class B shares into Class A shares.

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

(Title of Class of Securities)

732105952

(CUSIP Number)

12/23/2025

(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)

SCHEDULE 13G

CUSIP No. 732105952

1

Names of Reporting Persons

NATIXIS

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

FRANCE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,755,946.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,755,946.00

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)

8.4 %

12

Type of Reporting Person (See Instructions)

FI

Comment for Type of Reporting Person: Note to Row 5: Each Class A ADS represents thirty (30) Class A Ordinary Shares, par value $0.01 each. Note to Row 11: Based on (i) 2,745,231,600 Class A Shares in the form of 91,507,720 Class A ADSs and (ii) 29,892,570 Class B Shares in the form of 996,419 Class B ADSs outstanding on December 23, 2025, as disclosed to the Reporting Person by the Issuer. 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.

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: NATIXIS
(b)	Address or principal business office or, if none, residence: 7 Promenade Germain Sablon - 75013 PARIS - France
(c)	Citizenship: France
(d)	Title of class of securities: Class A American Depositary Shares
(e)	CUSIP No.: 732105952
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: 7,755,946
(b)	Percent of class: 8,4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7,755,946
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
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.
	Not Applicable
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 foreign regulatory scheme applicable to QII is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). 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.

NATIXIS

Signature:	Anne SABOT
Name/Title:	CFO
Date:	02/05/2026

FAQ

What percentage of Polestar (PSNY) does NATIXIS report owning?

NATIXIS reports owning 8.4% of Polestar’s Class A ADSs. This percentage is based on the issuer’s outstanding Class A and Class B share counts as of December 23, 2025, assuming all Class B shares are converted into Class A shares.

How many Polestar Class A ADSs does NATIXIS beneficially own?

NATIXIS reports beneficial ownership of 7,755,946 Class A ADSs. These are American Depositary Shares representing Polestar’s Class A ordinary shares, with each ADS corresponding to thirty Class A ordinary shares according to the filing’s note.

What voting and dispositive powers does NATIXIS have over its Polestar ADS holdings?

NATIXIS has sole voting power over 7,755,946 ADSs. The filing states zero shared voting power and zero sole or shared dispositive power, meaning NATIXIS can vote these ADSs but does not report power to dispose of them.

On what date was NATIXIS’s Polestar ownership position measured?

The ownership position is measured as of December 23, 2025. The Schedule 13G identifies this as the “Date of Event Which Requires Filing,” and the reported 8.4% stake is calculated using share counts outstanding on that date.

Which class of Polestar securities is covered by NATIXIS’s Schedule 13G?

The filing covers Polestar Class A American Depositary Shares. These are identified as “Class A American Depositary Shares” with CUSIP 732105952, and each ADS represents thirty Class A ordinary shares with a par value of $0.01 per share.

What is NATIXIS’s status and country in this ownership report on Polestar (PSNY)?

NATIXIS is identified as a bank organized in France. The filing lists its citizenship or place of organization as France, with a principal business office in Paris, and classifies it under the Schedule 13G item for a bank-type reporting person.