Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 379

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 379
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 Year Ended              Award Status      Total Awards           PSUs      PSUs Fair Value           RSUs      RSUs Fair Value  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  December, 31, 2024      Granted              4,708,167      3,353,293              $ 5,248      1,354,874              $ 2,073  
                          Canceled             1,926,607      1,585,249              $ 4,473        341,358                $ 992  

F-36

T able of Contents

  December, 31, 2023      Granted       1,909,045      1,378,621      $ 5,073      530,424      $ 2,010  
                          Canceled        299,706        266,366        $ 980       33,340        $ 126  
  December, 31, 2022      Granted         970,904        858,821      $ 6,031      112,083        $ 753  

Free share plan

All permanent employees hired no later than December 31, 2021 who remained employed were granted free shares on September 30, 2022. The awards vested on October 3, 2022 and are subject to a one-year 334,990 330,768 1,715 22

Marketing consulting services agreement

On March 24, 2022, Polestar granted an equity-settled share-based payment in exchange for marketing services through November 1, 2023. Per the terms of the agreement, 250,000 250,000 5,308 500,000 375,000 4,946 125,000 359

Employee stock purchase plan

Under this recurring annual plan, all permanent employees who meet the eligibility criteria, excluding executive directors, are eligible to receive RSAs. Each annual plan spans 24 months, with employees contributing through 12 monthly net salary deductions to purchase shares in the first year, followed by a 12-month holding period. Polestar matches each acquired share with one additional share in the form of an RSA. The RSAs begin vesting upon the purchase of shares, with full vesting completed at the end of the holding period. To receive the matching RSAs, employees must retain the acquired shares and remain employed until the vesting date