Scott Fraser Dicken Sells 895 Polestar Shares for $15,823.60
Polestar insider Scott Fraser Dicken sold 895 shares on Monday, April 27, cutting his direct stake by 48.22% in a filing with the Securities and Exchange Commission. The sale totaled $15,823.60 at an average price of $17.68 a share. For shareholders tracking executive behavior, the transaction removes a sizeable block from one insider’s holding, even though he still owned 961 shares after the trade.
The 895-share sale leaves Dicken with 961 shares valued at $16,990.48 after the transaction. That is the practical line in the filing: the stake was reduced, but not eliminated, and the remaining position still ties his exposure to Polestar Automotive Holding UK PLC’s stock price. The reported reduction came as the company’s shares traded around $17.90 on Wednesday, down $0.16 on the day.
Polestar filing shows tax withholding
The transaction was made to cover tax withholding obligations related to the vesting of equity awards. That detail explains why the sale should not be read as a clean exit: the insider sold stock to satisfy a tax bill tied to compensation, not to drain the entire position.
Polestar Automotive Holding UK PLC had a market cap of $1.28 billion when the filing circulated, with a PE ratio of -0.92 and a beta of 1.29. The stock also sat between a 12-month low of $11.75 and a 12-month high of $42.60, a wide range that leaves any insider transaction visible against a volatile trading backdrop.
PSNY trades near $17.90
PSNY was at $17.90 on Wednesday, below its fifty day simple moving average of $18.37 and far below its 200 day simple moving average of $244.97. The gap between those averages and the current quote gives traders a quick read on how far the shares have moved from longer-term reference points.
1.02% of the stock was owned by hedge funds and other institutional investors, leaving the register dominated by other holders. Recent analyst calls were mixed: Wall Street Zen upgraded the shares from sell to hold on Saturday, Zacks Research raised them from strong sell to hold on Monday, January 12th, Cantor Fitzgerald cut them from neutral to underweight on Thursday, February 19th, and Weiss Ratings reissued a sell (e+) rating on Friday, March 27th.
The filing leaves Polestar investors with one clean data point and one important context check: the insider trade was large enough to cut Dicken’s position by nearly half, but it was also tied to equity-award tax withholding. That keeps the focus on the remaining 961 shares and on how PSNY trades after a sale that was mechanical rather than discretionary.
