Dicken Scott Fraser 4

What Happened

Dicken Scott Fraser, Chief Commercial Officer of Polestar Automotive Holding UK PLC (PSNY), reported vesting-related transactions on April 21, 2026. The filing shows 1,856 ADS were acquired through vesting/conversion (including a 92-share grant) and 1,764 ADS were recorded as disposed in derivative conversions, all at $0.00 per share. Net result: Fraser’s position increased by 92 ADS. These entries reflect the vesting and conversion of restricted and performance stock units into Class A American Depositary Shares.

Key Details

• Transaction date: April 21, 2026; Form 4 filed April 23, 2026 (timely filing).
• Reported transactions:
  • Exercise/conversion (code M): +1,764 ADS acquired at $0.00
  • Grant/award (code A): +92 ADS acquired at $0.00
  • Exercise/conversion (code M): -1,588 ADS disposed at $0.00
  • Exercise/conversion (code M): -176 ADS disposed at $0.00
• Net change: +92 ADS.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Footnotes: F1–F4 state these entries represent vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) granted in 2023 and 2025; each unit converts one-for-one into a Class A ADS.
• Transaction codes explained: A = award/grant; M = exercise or conversion of a derivative (e.g., RSU/PSU conversion).

Context

• These transactions are vesting/conversion events (not open-market buys or sales). Conversions of RSUs/PSUs often show as $0 because they convert into shares rather than involve a cash purchase.
• The filing records disposals of converted shares on the same date; the form does not specify the reason (e.g., tax withholding or sale), so no assumption about intent should be made.
• For retail investors: vesting that results in a small net increase (92 ADS) is typically routine compensation-related activity rather than a clear bullish or bearish insider signal.