Engstrom Jonas Hakan 4

What Happened

• Jonas Hakan Engstrom, Chief Operating Officer of Polestar Automotive Holding UK PLC (PSNY), sold 1,250 Class A American Depositary Shares (ADSs) on 2026-04-27.
• Reported weighted-average price: $17.68 per ADS; total proceeds reported: $22,103.
• This was a sell (not a purchase). According to the filing, the sale was an automatic "sell-to-cover" to satisfy tax withholding on vested equity awards, not a discretionary trade by the insider.

Key Details

• Transaction date: 2026-04-27; Form filed: 2026-04-29.
• Price: weighted average $17.68 (block trades by broker; reported range $17.5813–$17.7911 across days).
• Shares sold: 1,250 ADSs; proceeds: $22,103.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1—sale executed automatically as sell-to-cover for tax withholding; F2—price is a weighted average from block trades over several days.
• Filing timeliness: Filed two days after the transaction date; no indication in the provided data that this filing was late.

Context

• Sell-to-cover transactions are common when equity awards vest and taxes are due; they are executed to cover tax obligations and typically do not indicate an insider's view on the company's prospects.
• The filing indicates the broker aggregated multiple sell-to-cover trades into block sales at weighted-average prices, which is why the price is reported as a weighted average rather than a single trade price.