Form 4: Stardust Power CEO Sells Stock for Tax Obligations
Insider Transaction Report
Stardust Power Inc.'s CEO and Chairman, Roshen Pujari, sold 940 shares of common stock to cover tax withholding obligations following RSU vesting.
Summary
- Roshen Pujari, CEO and Chairman of Stardust Power Inc. (SDST), reported a sale of 940 shares of common stock.
- The transaction occurred on September 15, 2025, at a price of $2.66 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
- This transaction was conducted pursuant to a Rule 10b5-1 trading plan adopted on November 29, 2024.
- The share numbers reported in the filing have been adjusted to reflect a 10-for-1 reverse stock split of the Issuer's common stock, which was effective on September 8, 2025.
- Following the reported transaction, Roshen Pujari directly beneficially owns 364,166 shares of common stock.
- Roshen Pujari indirectly beneficially owns 1,772,894 shares through various entities.
Sentiment
Score: 5
Explanation: Neutral, as the sale is explicitly for tax withholding obligations, a common and non-discretionary event for executives, and does not indicate a change in management's confidence or outlook.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This insider transaction report is specific to Stardust Power Inc. and does not provide information directly related to broader industry trends or competitors.
Related Party Transactions
- Roshen Pujari beneficially owns 465,286 shares held by Energy Transition Investors LLC.
- Roshen Pujari beneficially owns 1,087,279 shares held by 7636 Holdings LLC.
- Roshen Pujari beneficially owns 173,707 shares held by VIKASA Clean Energy I LP.
- Roshen Pujari beneficially owns 46,022 shares held by Maggie Clayton.
Stakeholder Impact
- Shareholders: Minimal direct impact as the sale is a routine, non-discretionary event for tax purposes and represents a small fraction of the CEO's total beneficial ownership.
- Employees: No direct impact indicated by this filing.
- Customers: No direct impact indicated by this filing.
- Suppliers: No direct impact indicated by this filing.
- Creditors: No direct impact indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 11/29/2024 | Date Rule 10b5-1 trading plan was adopted. |
| 09/08/2025 | Effective date of the 10-for-1 reverse stock split. |
| 09/15/2025 | Date of the reported transaction (sale of common stock). |
| 09/16/2025 | Date the Form 4 was signed and filed. |
Recommendation
holdThe filing details a non-discretionary sale of shares by the CEO to cover tax withholding obligations, which is a common practice and does not reflect a change in management's outlook or confidence in the company. Therefore, it does not warrant a change in investment recommendation based solely on this transaction.
Keywords
Stardust Power, SDST, Roshen Pujari, Insider Trading, Form 4, Stock Sale, CEO, Director, 10b5-1 Plan, RSU, Tax Withholding, Reverse Stock Split
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