Form 4: Stardust Power CEO Gifts 5.25 Million Shares to Family Trusts
Insider Transaction Report
Roshen Pujari, CEO and Chairman of Stardust Power Inc., has gifted 5,250,000 shares of common stock to irrevocable trusts for the benefit of his child.
Summary
- Roshen Pujari, who serves as Director, 10% Owner, CEO, and Chairman of Stardust Power Inc. (SDST), reported a transaction on July 10, 2025.
- The transaction involved a gift of 5,250,000 shares of Stardust Power Inc. common stock.
- The shares were gifted to irrevocable trusts established for the benefit of Mr. Pujari's child.
- Following this transaction, Mr. Pujari directly beneficially owns 3,651,063 shares of common stock.
- Additionally, Mr. Pujari indirectly beneficially owns 17,722,957 shares, held through entities including Energy Transition Investors LLC (4,652,864 shares), 7636 Holdings LLC (10,872,790 shares), VIKASA Clean Energy I LP (1,737,079 shares), and Maggie Clayton (460,224 shares).
- Mr. Pujari disclaims beneficial ownership of the securities held by his child's trusts.
Sentiment
Score: 5
Explanation: The document reports a routine insider transaction (a gift of shares) which is generally neutral in terms of company performance or outlook. It reflects a personal financial decision by the CEO rather than a corporate operational event.
Future Outlook
No forward-looking statements or guidance are provided.
Industry Context
This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive landscape.
Related Party Transactions
- Roshen Pujari gifted 5,250,000 shares of common stock to irrevocable trusts for the benefit of his child.
Stakeholder Impact
- Shareholders: The transaction represents a transfer of ownership by a significant insider, which could be interpreted as a personal estate planning move. It does not directly impact the company's operations or financial health.
- Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this type of filing.
Key Dates
| Date | Description |
|---|---|
| 07/10/2025 | Date of the reported transaction (gift of common stock). |
| 07/11/2025 | Date the Form 4 was filed with the SEC. |
Keywords
Stardust Power Inc., SDST, Roshen Pujari, SEC Form 4, beneficial ownership, stock gift, insider transaction, common stock, trusts
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