Polaris Inc. — Director's Dealing 2021

Mar 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Polaris Inc. (PII)
CIK: 0000931015
Period of Report: 2021-03-15

Reporting Person: Dougherty Michael D. (President-Motorcycles & Int'l)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-15	Common Stock	M	16109	$89.39	Acquired	35557	Direct
2021-03-15	Common Stock	S	16109	$140.00	Disposed	19448	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-15	Employee Stock Options (right to buy)	$89.39	M	16109	Disposed	2027-01-25	Common Stock (16109)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29837	Indirect
Common Stock	3321	Indirect
Common Stock	3349	Indirect
Common Stock	4700	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 1, 2021.

F2: Reflects the weighted average price of 16,109 shares of Common Stock sold by the reporting person in multiple transactions on March 15, 2021 with sale prices ranging from $140.00 to $140.07 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.

F3: Shares held in a revocable trust of which the reporting person and his spouse are trustees, and the reporting person and his spouse, or other members of their family, are the beneficiaries.

F4: Shares held by son in a transfer of death account of which the beneficiary is the reporting person's spouse's revocable trust. The reporting
person and his spouse are trustees of the revocable trust, and the reporting person and his spouse, or other members of their family, are the
beneficiaries.

F5: Shares held by daughter in a transfer of death account of which the beneficiary is the reporting person's spouse's revocable trust. The reporting person and his spouse are trustees of the revocable trust, and the reporting person and his spouse, or other members of their family, are the beneficiaries.

F6: Estimate of the number of shares held in the reporting person's ESOP fund as of March 15, 2021. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.

F7: The option vests in two equal installments on January 25, 2019 and January 25, 2021.