Form 4: Stardust Power CEO Reports Share Distribution

Stardust Power Inc.'s CEO and Chairman, Roshen Pujari, reported a pro rata distribution of 31,819 common shares from Vikasa Clean Energy I L.P. to limited partners.

Summary

• Roshen Pujari, CEO and Chairman of Stardust Power Inc. (SDST), reported a change in beneficial ownership via a Form 4 filing.
• The transaction involved a pro rata distribution of 31,819 shares of Stardust Power Inc. Common Stock from Vikasa Clean Energy I L.P. to certain limited partners.
• The distribution occurred on December 1, 2025, for no additional consideration ($0 price).
• Roshen Pujari disclaims beneficial ownership of the 31,819 distributed securities.
• Following the reported transaction, Roshen Pujari directly beneficially owns 364,166 shares of Common Stock.
• Indirect beneficial ownership totals 1,740,475 shares, held through various entities: 465,286 shares by Energy Transition Investors LLC, 1,087,279 shares by 7636 Holdings LLC, 141,888 shares by Vikasa Clean Energy LLC, and 46,022 shares by Maggie Clayton.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of an insider transaction involving a pro rata distribution of shares, with the reporting person disclaiming beneficial ownership of the distributed shares. It does not contain information that would inherently be positive or negative for the company's operational or financial performance.

Management Comments

• Roshen Pujari disclaims beneficial ownership of the 31,819 securities distributed from Vikasa Clean Energy I L.P., stating that the report shall not be deemed an admission of beneficial ownership for Section 16 or any other purpose.

Industry Context

This filing is a routine insider transaction disclosure specific to Stardust Power Inc. and its CEO, Roshen Pujari. It does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• The transaction involves a pro rata distribution of shares from Vikasa Clean Energy I L.P., an entity through which the reporting person, Roshen Pujari, beneficially owned shares, to its limited partners. This represents a change in indirect beneficial ownership for the reporting person.

Stakeholder Impact

• Shareholders may note the change in the indirect beneficial ownership structure of a key executive and 10% owner, though the transaction is a distribution rather than a sale for cash.

Key Dates

Keywords

Stardust Power Inc., SDST, Roshen Pujari, Form 4, Insider Transaction, Beneficial Ownership, Common Stock, Share Distribution, CEO, Director, 10% Owner