diff --git a/src/policy/posthog-command-wrapper.ts b/src/policy/posthog-command-wrapper.ts
index 330a38e0..a5227d6a 100644
--- a/src/policy/posthog-command-wrapper.ts
+++ b/src/policy/posthog-command-wrapper.ts
@@ -6,7 +6,8 @@ const MAX_SEARCH_QUERY_LENGTH = 256;
 const canonicalToolNamePattern = /^[A-Za-z][A-Za-z0-9:_-]{0,127}$/u;
 const canonicalFieldPathPattern = /^[A-Za-z][A-Za-z0-9_.-]{0,127}$/u;
 const safeSearchQueryPattern = /^[A-Za-z0-9][A-Za-z0-9 .,:_\-/()]{0,255}$/u;
-const unsafeCommandSyntaxPattern = /[;|&`$<>\\]/u;
+const unsafeCommandSyntaxPattern = /[;|&`<>\\]/u;
+const unsafeDollarSubstitutionPattern = /\$(?:\(|\{)/u;
 
 type ParsedPosthogCommand =
   | { readonly kind: "read-discovery" }
@@ -58,7 +59,10 @@ function commandArgument(input: string, verb: string): string | undefined {
   return argument.length === 0 ? undefined : argument;
 }
 
-/** Rejects control characters and syntax that could change shell semantics. */
+/**
+ * Rejects control characters and syntax that could change shell semantics.
+ * Dollar handling is deliberately deferred to the validated JSON call payload.
+ */
 function hasUnsafeCommandCharacter(command: string): boolean {
   for (let index = 0; index < command.length; index += 1) {
     const code = command.charCodeAt(index);
@@ -111,10 +115,17 @@ function parseCallCommand(input: string): ParsedPosthogCommand {
   if (target === undefined || !canonicalToolNamePattern.test(target.value) || target.remaining.length === 0) {
     return { kind: "invalid" };
   }
-  if (!isJsonObject(target.remaining)) return { kind: "invalid" };
+  if (!isJsonObject(target.remaining) || hasUnsafeDollarSubstitution(target.remaining)) {
+    return { kind: "invalid" };
+  }
   return { kind: "call", toolName: target.value };
 }
 
+/** Rejects actual shell command-substitution forms while preserving HogQL `$identifier` data. */
+function hasUnsafeDollarSubstitution(payload: string): boolean {
+  return unsafeDollarSubstitutionPattern.test(payload);
+}
+
 /** Splits whitespace-delimited grammar tokens; quoted shell tokens are not supported. */
 function firstToken(input: string): { readonly value: string; readonly remaining: string } | undefined {
   const trimmed = input.trim();
diff --git a/tests/mcp-wrapper.test.ts b/tests/mcp-wrapper.test.ts
index 83a37eb7..4c17f4be 100644
--- a/tests/mcp-wrapper.test.ts
+++ b/tests/mcp-wrapper.test.ts
@@ -461,7 +461,10 @@ describe("Miftah MCP wrapper", () => {
     const wrapper = new MiftahServer(config, new ProfileManager(config), upstreams);
     const [clientTransport, serverTransport] = InMemoryTransport.createLinkedPair();
     const client = new Client({ name: "posthog-command-wrapper-client", version: "1.0.0" });
-    const readArguments = { command: "info query-trends", context: "scheduled task" };
+    const readArguments = {
+      command: "call query-trends {\"event\":\"$pageview\",\"math\":\"dau\"}",
+      context: "scheduled task"
+    };
 
     try {
       await Promise.all([wrapper.connect(serverTransport), client.connect(clientTransport)]);
@@ -476,7 +479,7 @@ describe("Miftah MCP wrapper", () => {
         enforcement: { status: "allowed" }
       });
       expect(await client.callTool({ name: "exec", arguments: readArguments })).toMatchObject({
-        content: [{ type: "text", text: "exec:info query-trends" }]
+        content: [{ type: "text", text: `exec:${readArguments.command}` }]
       });
 
       expect(
@@ -507,7 +510,7 @@ describe("Miftah MCP wrapper", () => {
 
       const audit = await readFile(auditPath, "utf8");
       expect(audit).toContain('"riskSource":"trusted-command-adapter"');
-      expect(audit).not.toContain("info query-trends");
+      expect(audit).not.toContain(readArguments.command);
     } finally {
       await client.close();
       await wrapper.close();
diff --git a/tests/posthog-command-wrapper.test.ts b/tests/posthog-command-wrapper.test.ts
index 4347fe9d..9f6ad8fc 100644
--- a/tests/posthog-command-wrapper.test.ts
+++ b/tests/posthog-command-wrapper.test.ts
@@ -11,7 +11,9 @@ describe("PostHog command-wrapper classifier", () => {
     ["schema query-trends results.columns", "read"],
     ["call query-trends {}", "read"],
     ["call --json query-trends {\"limit\":10}", "read"],
+    ["call query-trends {\"event\":\"$pageview\",\"math\":\"dau\"}", "read"],
     ["call dashboard-create {}", "write"],
+    ["call dashboard-delete {\"event\":\"$pageview\"}", "destructive"],
     ["call dashboard-delete {}", "destructive"],
     ["call --confirm dashboard-delete {}", "destructive"],
     ["call execute-sql {}", "destructive"],
@@ -28,11 +30,15 @@ describe("PostHog command-wrapper classifier", () => {
     "info --json --json query-trends",
     "schema query-trends extra one",
     "search ",
+    "search $pageview",
     "search query; call dashboard-delete {}",
     "call",
     "call --confirm --confirm query-trends {}",
     "call --force query-trends {}",
+    "call $query-trends {}",
     "call query-trends []",
+    "call query-trends {\"event\":\"$(whoami)\"}",
+    "call query-trends {\"event\":\"${HOME}\"}",
     "call query-trends {\"limit\":1} trailing",
     "call query-trends {}; tools",
     "call query-trends {}\ncall dashboard-delete {}",
diff --git a/tests/risk-classifier.test.ts b/tests/risk-classifier.test.ts
index 403e3f5d..0a0d110a 100644
--- a/tests/risk-classifier.test.ts
+++ b/tests/risk-classifier.test.ts
@@ -2,6 +2,14 @@ import { describe, expect, it } from "vitest";
 import { classifyToolRisk } from "../src/policy/risk-classifier.js";
 
 describe("tool risk classifier", () => {
+  it("keeps a PostHog HogQL dollar identifier read-only through the trusted adapter", () => {
+    expect(
+      classifyToolRisk("exec", {}, {
+        posthogCommand: { command: "call query-trends {\"event\":\"$pageview\",\"math\":\"dau\"}" }
+      })
+    ).toEqual({ risk: "read", riskSource: "trusted-command-adapter", riskConfidence: "high" });
+  });
+
   it("gives a trusted PostHog command precedence over a static read-only hint", () => {
     expect(
       classifyToolRisk("exec", {}, {