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Polestar (PSNY) COO gains equity as RSUs and PSUs vest into ADSs

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

Rhea-AI Filing Summary

Polestar Automotive Holding UK PLC’s Chief Operating Officer, Jonas Hakan Engstrom, reported equity compensation-related transactions in Class A American Depositary Shares. He received a grant of 231 ADSs at no cost and acquired 2,028 ADSs through the vesting and conversion of previously granted RSUs and PSUs from April 2023 and April 2025 awards, each unit converting into one ADS on a one-for-one basis. Following these transactions, he directly holds 3,768 ADSs.

Positive

  • None.

Negative

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Insider Engstrom Jonas Hakan
Role Chief Operating Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 1,588 $0.00 --
Exercise Restricted Stock Units 440 $0.00 --
Exercise Class A American Depositary Shares 2,028 $0.00 --
Grant/Award Class A American Depositary Shares 231 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A American Depositary Shares — 3,537 shares (Direct, null)
Footnotes (1)
  1. Represents the vesting of all Restricted Stock Units ("RSUs") granted on April 3, 2023, and April 1, 2025. Each RSU converts to a Class A American Depositary Share ("ADS") on a one-for-one basis. Represents the vesting of Performance Stock Units ("PSUs") granted on April 3, 2023. Each PSU converts to an ADS on a one-for-one basis. Represents the vesting of all RSUs granted on April 1, 2025. Each RSU converts to a Class A American Depositary Share ("ADS") on a one-for-one basis. Represents the vesting of all RSUs granted on April 3, 2023. Each RSU converts to a Class A American Depositary Share ("ADS") on a one-for-one basis.
ADS grant 231 ADSs Stock award on April 21, 2026 at $0.0000 per share
ADSs from vesting 2,028 ADSs Acquired via exercise/conversion of RSUs and PSUs
Total ADS holdings 3,768 ADSs Directly held after the reported transactions
Derivative exercises 2 transactions, 2,028 shares Exercise or conversion of derivative securities (RSUs/PSUs)
Grant price $0.0000 per share Price per ADS for reported grant and vesting events
Class A American Depositary Shares financial
"Each RSU converts to a Class A American Depositary Share ("ADS") on a one-for-one basis."
Restricted Stock Units financial
"Represents the vesting of all Restricted Stock Units ("RSUs") granted on April 3, 2023, and April 1, 2025."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"Represents the vesting of Performance Stock Units ("PSUs") granted on April 3, 2023."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
vesting financial
"Represents the vesting of all Restricted Stock Units ("RSUs") granted on April 3, 2023, and April 1, 2025."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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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*
Engstrom Jonas Hakan
(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 Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/21/2026		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 Shares04/21/2026M2,028(1)A$03,537D
Class A American Depositary Shares04/21/2026A231(2)A$03,768D
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
Restricted Stock Units(3)04/21/2026M1,588 (3) (3)Class A American Depositary Shares1,588$00D
Restricted Stock Units(4)04/21/2026M440 (4) (4)Class A American Depositary Shares440$00D
Explanation of Responses:
1. Represents the vesting of all Restricted Stock Units ("RSUs") granted on April 3, 2023, and April 1, 2025. Each RSU converts to a Class A American Depositary Share ("ADS") on a one-for-one basis.
2. Represents the vesting of Performance Stock Units ("PSUs") granted on April 3, 2023. Each PSU converts to an ADS on a one-for-one basis.
3. Represents the vesting of all RSUs granted on April 1, 2025. Each RSU converts to a Class A American Depositary Share ("ADS") on a one-for-one basis.
4. Represents the vesting of all RSUs granted on April 3, 2023. Each RSU converts to a Class A American Depositary Share ("ADS") on a one-for-one basis.
Remarks:
Chris Bailey-Gates, Attorney-in-fact04/23/2026
** 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

What did Polestar (PSNY) COO Jonas Hakan Engstrom report in this Form 4?

He reported equity compensation activity, including a grant of 231 Class A American Depositary Shares and the vesting and conversion of previously granted RSUs and PSUs into 2,028 ADSs, all received at no cash cost.

How many Polestar (PSNY) shares does the COO hold after these transactions?

After the reported grant and vesting events, Jonas Hakan Engstrom directly holds 3,768 Class A American Depositary Shares, reflecting his updated equity position in Polestar Automotive Holding UK PLC following the April 21, 2026 transactions.

Were these Polestar (PSNY) COO transactions open-market buys or sells?

No. The filing shows a stock grant and the vesting and conversion of Restricted Stock Units and Performance Stock Units into ADSs, all at a price of $0.0000 per share, rather than open-market purchases or sales.

What are RSUs and PSUs in the Polestar (PSNY) COO’s Form 4 filing?

Restricted Stock Units and Performance Stock Units are equity awards that convert into shares when vesting conditions are met. In this case, RSUs and PSUs granted in April 2023 and April 2025 vested and converted one-for-one into Class A ADSs.

How many Polestar (PSNY) shares came from vesting in this Form 4?

The filing shows 2,028 Class A American Depositary Shares acquired through the exercise or conversion of derivative securities, specifically the vesting of RSUs and PSUs that each convert into one ADS according to the disclosed one-for-one conversion terms.