Form 4: Stardust Power CEO Reports Stock Sale and Gift

CEO and Chairman Roshen Pujari disclosed the sale of 102,427 shares for tax obligations and a gift of 563,000 shares to family trusts.

Summary

• CEO Roshen Pujari sold 102,427 shares of Stardust Power common stock at a weighted average price of $2.18 on May 26, 2026.
• The sale was executed to cover tax withholding obligations related to the settlement of restricted stock units.
• On May 28, 2026, the CEO gifted 563,000 shares held by 7636 Holdings LLC to irrevocable trusts for the benefit of his child.
• Following these transactions, the reporting person maintains direct ownership of 502,771 shares and indirect ownership of 1,177,475 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was primarily driven by tax obligations rather than a change in strategic outlook.

Positives

• The sale of shares was specifically identified as a mandatory action to cover tax withholding obligations, rather than a discretionary divestment.

Negatives

• The CEO reduced his direct holdings in the company, which may be perceived as a reduction in personal stake alignment.

Risks

• Concentration of ownership through various holding entities (Energy Transition Investors LLC, 7636 Holdings LLC, Vikasa Clean Energy LLC) creates complexity in governance and reporting.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Management Comments

• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range of $2.11 to $2.50 upon request.

Industry Context

StockSavvy.ai notes that insider sales for tax purposes are standard corporate practice and generally do not signal a lack of confidence in the company's long-term prospects.

Comparison to Industry Standards

• The transaction structure is consistent with standard executive compensation and tax planning practices observed in the energy and technology sectors.

Related Party Transactions

• The reporting person holds interests in Energy Transition Investors LLC, 7636 Holdings LLC, and Vikasa Clean Energy LLC, which hold significant portions of the company's stock.

Stakeholder Impact

• Shareholders should note the change in direct vs. indirect ownership structure, though the total economic interest remains largely unchanged.

Next Steps

• Continued monitoring of insider ownership levels in future SEC filings.

Key Dates

Keywords

Stardust Power, SDST, Insider Trading, Form 4, Roshen Pujari, Stock Sale, Executive Compensation