Stephen L. Eastman - 11 Aug 2022 Form 4 Insider Report for Polaris Inc. (PII)

Role: President - PG&A
Signature: Sarah Maveus, Attorney-in-Fact
Issuer symbol: PII
Transactions as of: 11 Aug 2022
Transactions value $: -$404,280
Form type: 4
Filing time: 15 Aug 2022, 18:26:29 UTC
Previous filing: 01 Feb 2022
Next filing: 18 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PII	Common Stock	Options Exercise	$519K	+6K	+29.15%	$86.45	26.6K	11 Aug 2022	Direct
transaction	PII	Common Stock	Options Exercise	$519K	+6K	+22.57%	$86.45	32.6K	11 Aug 2022	Direct
transaction	PII	Common Stock	Sale	-$1.44M	-12K	-36.83%	$120.14	20.6K	11 Aug 2022	Direct	F1
holding	PII	Common Stock						159	11 Aug 2022	by 401(k) plan	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PII	Employee Stock Options (right to buy)	Options Exercise	$0	-6K	-100%	$0.00^*	0	11 Aug 2022	Common Stock	6K	$86.45	Direct
transaction	PII	Employee Stock Options (right to buy)	Options Exercise	$0	-6K	-100%	$0.00^*	0	11 Aug 2022	Common Stock	6K	$86.45	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the weighted average sales price of 12,000 shares of Common Stock sold by the reporting person in multiple transactions on August 11, 2022 with sales prices ranging from $120.00 to $120.58 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F2	Estimate of the number of shares held in the reporting person's Polaris Stock fund under the issuer's 401(k) plan as of August 11, 2022. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of the issuer's Common Stock.

Content

Reflects the weighted average sales price of 12,000 shares of Common Stock sold by the reporting person in multiple transactions on August 11, 2022 with sales prices ranging from $120.00 to $120.58 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

Estimate of the number of shares held in the reporting person's Polaris Stock fund under the issuer's 401(k) plan as of August 11, 2022. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of the issuer's Common Stock.