Form 4: Stardust Power CEO Roshen Pujari Gifts Shares to Irrevocable Trusts

CEO Roshen Pujari gifted a total of 2,880,000 shares of Stardust Power Inc. common stock to irrevocable trusts for the benefit of his child.

Summary

• Roshen Pujari, CEO and Chairman of Stardust Power Inc., reported changes in beneficial ownership of the company's stock.
• On April 16, 2025, Pujari gifted 1,500,000 shares of common stock to an irrevocable trust for his child.
• On April 17, 2025, he gifted an additional 1,380,000 shares to a similar trust.
• The reporting person disclaims beneficial ownership of the securities held by his child.
• Following these transactions, Pujari directly owns 8,910,413 shares of common stock.
• Pujari also indirectly owns 17,826,774 shares through various entities: Energy Transition Investors LLC (4,652,864 shares), 7636 Holdings LLC (10,872,790 shares), VIKASA Clean Energy I LP (1,840,896 shares), and Maggie Clayton (460,224 shares).

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions. It doesn't convey any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's outlook or performance. It is common for executives to manage their personal finances through trusts and gifts.

Stakeholder Impact

• The gifts of shares to trusts may have tax implications for Roshen Pujari.
• The transactions themselves are unlikely to have a direct impact on other stakeholders, as they represent a transfer of ownership rather than a change in the company's operations or financial condition.

Key Dates

Keywords

Stardust Power Inc., Roshen Pujari, beneficial ownership, Form 4, stock gift, irrevocable trust, Energy Transition Investors LLC, 7636 Holdings LLC, VIKASA Clean Energy I LP, Maggie Clayton, SDST