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

Stardust Power CEO Roshen Pujari sold 10,150 shares of common stock on March 17, 2025, to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units.

Summary

• On March 17, 2025, Roshen Pujari, CEO and Chairman of Stardust Power Inc., sold 10,150 shares of common stock at a weighted average price of $0.6056.
• The sales were executed to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs) under a pre-arranged Rule 10b5-1 trading plan adopted on November 29, 2024.
• Following the transaction, Pujari directly owns 11,790,413 shares and indirectly owns 17,826,774 shares through various entities.
• The indirect holdings include 4,652,864 shares held by Energy Transition Investors LLC, 10,872,790 shares held by 7636 Holdings LLC, 1,840,896 shares held by VIKASA Clean Energy I LP, and 460,224 shares held by Maggie Clayton.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations under a pre-arranged trading plan. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Insider sales are a common occurrence, especially when related to tax obligations from equity compensation. The use of a pre-arranged Rule 10b5-1 trading plan is intended to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by the CEO could have a minor negative impact on shareholder sentiment, although it is likely to be minimal given the context of tax obligations and the use of a pre-arranged trading plan.

Key Dates