Polaris Inc. — Director's Dealing 2021

Mar 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Polaris Inc. (PII)
CIK: 0000931015
Period of Report: 2021-03-05

Reporting Person: Menneto Steven (President-ORV)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-05	Common Stock	M	16109	$89.39	Acquired	42145	Direct
2021-03-05	Common Stock	S	15681	$129.80	Disposed	26464	Direct
2021-03-05	Common Stock	S	1713	$130.23	Disposed	24751	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-05	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	7706	Indirect

Footnotes

F1: Reflects the weighted average price of 15,681 shares of Common Stock sold by the reporting person in multiple transactions on March 5, 2021 with sale prices ranging from $129.20 to $130.20 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: Reflects the weighted average price of 1,713 shares of Common Stock sold by the reporting person in multiple transactions on March 5, 2021 with sale prices ranging from $130.21 to $130.26 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: Estimate of the number of shares held in the reporting person's ESOP fund as of March 5, 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.

F4: The option vested in two equal installments on January 25, 2019 and January 25, 2021.