Form 4: Stardust Power CEO Roshen Pujari Reports Pro Rata Stock Distribution from Investment Vehicle

Stardust Power Inc. CEO and Chairman Roshen Pujari filed a Form 4 detailing a pro rata distribution of 103,817 common shares from Vikasa Clean Energy I L.P. to its limited partners, effective June 18, 2025.

Summary

• Roshen Pujari, CEO and Chairman of Stardust Power Inc. (SDST), filed a Form 4 reporting a change in beneficial ownership.
• On June 18, 2025, 103,817 shares of Stardust Power Inc. Common Stock were disposed of through a pro rata distribution from Vikasa Clean Energy I L.P. to its limited partners.
• The distribution was made for no additional consideration ($0 price per share).
• Following this transaction, Roshen Pujari's beneficial ownership includes 8,901,063 shares held directly.
• Indirect beneficial ownership totals 17,722,957 shares, held through various entities including Energy Transition Investors LLC (4,652,864 shares), 7636 Holdings LLC (10,872,790 shares), Vikasa Clean Energy LLC (1,737,079 shares), and Maggie Clayton (460,224 shares).
• Mr. Pujari disclaims beneficial ownership of the 103,817 shares distributed from Vikasa Clean Energy I L.P.

Sentiment

Score: 5

Explanation: The Form 4 reports a routine pro rata distribution of shares from an investment vehicle, which is a neutral event and does not indicate a change in the company's operational or financial performance or a strategic shift.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategy.

Management Comments

• Roshen Pujari disclaims beneficial ownership of the 103,817 securities distributed from Vikasa Clean Energy I L.P., stating that the report shall not be deemed an admission that he is the beneficial owner for Section 16 or any other purpose.

Industry Context

This filing reports a routine internal adjustment of shareholdings within an investment vehicle associated with the CEO, rather than a transaction directly related to broader industry trends or competitive dynamics. It reflects an administrative change in beneficial ownership structure.

Related Party Transactions

• The disposition of 103,817 shares occurred via a pro rata distribution from Vikasa Clean Energy I L.P., an entity through which Roshen Pujari (CEO and Chairman) has beneficial ownership, to its limited partners for no consideration.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is an internal adjustment of beneficial ownership within an investment vehicle, not a market sale or purchase by the CEO.
• Employees, Customers, Suppliers, Creditors: No direct impact from this ownership change.

Key Dates

Keywords

Stardust Power Inc., SDST, Roshen Pujari, SEC Form 4, Beneficial Ownership, Stock Distribution, Insider Trading, Corporate Governance, Investment Vehicle, Vikasa Clean Energy