Form 4: Stardust Power CEO Roshen Pujari Sells Shares to Cover Tax Obligations

Stardust Power CEO Roshen Pujari sold 11,350 shares of common stock on March 12, 2025, to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units.

Summary

• Roshen Pujari, CEO and Chairman of Stardust Power Inc., sold 11,350 shares of common stock on March 12, 2025.
• The sales were executed at a weighted average price of $0.6105 per share, with individual transactions ranging from $0.61 to $0.62.
• The sales were made to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs) under a Rule 10b5-1 trading plan adopted on November 29, 2024.
• Following the transaction, Pujari directly owns 11,800,563 shares of Stardust Power Inc.
• 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: 6

Explanation: The document describes a routine stock sale for tax purposes, which is neither particularly positive nor negative. The use of a 10b5-1 plan adds a layer of transparency.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on insider information.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small number of shares sold.

Key Dates