Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 179

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 179
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 of $ 22. The fair value of the Free shares was determined using the market value of the shares listed on the Nasdaq. Under the Free Share plan, Polestar must withhold the tax obligation related to the share-based payment and transfer that amount in cash to the tax authority on the employee's behalf. Polestar does not withhold shares in order to settle the employee's tax obligations.

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, 250,000Class A Shares vested on August 31, 2022, the date the F-1 Registration Statement became effective. The remaining 250,000Class A Shares vest over eight equal quarterly installments with the final vesting date of November 1, 2023. The grant date fair value of the marketing consulting agreement was $ 5,308which was determined using the market value of the shares listed on the Nasdaq. Of the 500,000Class A Shares granted, 375,000Class A Shares with a fair value of $ 4,946were vested as of December 31, 2022. As of December 31, 2023, the final 125,000Class A shares were vested and the Group incurred a share-based compensation expense of $ 359.

Note 9 - Other operating income and expense

The following table details the Group’s Other operating income and expense:

|                                                      |     | For the year ended December 31, 
 2023                            |         |     | 2022 |       |     | 2021 |       |
|:-----------------------------------------------------|:----|:--------------------------------|--------:|:----|:-----|------:|:----|:-----|------:|
|                                                      |     | -Restated                       |         |     |      |       |     |      |       |
| Other operating income                               |     |                                 |         |     |      |       |     |      |       |
| Net foreign exchange rate difference                 |     |                                 |  37,466 |     |      |     — |     |      |     — |
| Sales of plant operation services to a related party |     |                                 |  25,202 |     |      |     — |     |      |     — |
| Gain on asset grouping sold to a related party       |     |