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: Clark Dougherty Lucy (SVP-Gen Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-15	Common Stock	M	3609	$84.58	Acquired	28939	Direct
2021-03-15	Common Stock	M	5312	$94.54	Acquired	34251	Direct
2021-03-15	Common Stock	S	8921	$140.03	Disposed	25330	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-15	Employee Stock Option (right to buy)	$84.58	M	3609	Disposed	2029-01-30	Common Stock (3609)	Direct
2021-03-15	Employee Stock Option (right to buy)	$94.54	M	5312	Disposed	2030-01-29	CommonStock (5312)	Direct

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 9, 2021.

F2: Reflects the weighted average price of 8,921 shares of Common Stock sold by the reporting person in multiple transactions on March
15, 2021 with sale prices ranging from $140.00 to $140.04 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: The option vests in three equal installments on January 30, 2020, January 30, 2021, and January 30, 2022.

F4: The option vests in three equal installments on January 29, 2021, January 29, 2022, and January 29, 2023.