Form 4: Stardust Power CFO Devasper Reports Equity Transactions

Stardust Power Inc.'s CFO, Udaychandra Devasper, reported the vesting and grant of restricted stock units and a subsequent sale of shares to cover tax obligations.

Summary

• Udaychandra Devasper, Chief Financial Officer of Stardust Power Inc. (SDST), reported multiple equity transactions on March 20, 2026.
• Acquired 8,245 shares of common stock upon the vesting of restricted stock units (RSUs) at a price of $0.
• Received a grant of 85,091 fully vested restricted stock units (RSUs), payable solely in common stock, at a price of $0.
• Sold 4,507 shares of common stock at $2.31 per share to cover tax withholding obligations incurred from the vesting and settlement of RSUs.
• Following these transactions, Devasper directly beneficially owns 157,387 shares of common stock.
• The reporting person also holds 24,739 restricted stock units directly.
• An initial grant of 98,948 RSUs was received in connection with the business combination, with vesting occurring quarterly over a 3-year term commencing July 8, 2024.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as moderately positive, reflecting routine executive compensation through RSU grants and vesting, which aligns management interests with shareholders, despite a small tax-related sale.

Positives

• CFO Udaychandra Devasper received a grant of 85,091 fully vested restricted stock units, indicating continued compensation and alignment with shareholder interests.
• The vesting of 8,245 restricted stock units demonstrates the realization of previously granted equity compensation.

Negatives

• A sale of 4,507 shares at $2.31 was executed to cover tax withholding obligations, which is a common practice but reduces the insider's direct equity holding.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, such as RSU grants and tax-related sales, are routine disclosures for public company executives. While the sale to cover taxes is a common practice, the significant grant of fully vested RSUs to the CFO indicates ongoing commitment to executive compensation tied to equity, aligning management incentives with company performance.

Related Party Transactions

• The grant of 85,091 fully vested restricted stock units and the vesting of 8,245 restricted stock units to CFO Udaychandra Devasper represent compensation-related transactions between the company and an executive officer.

Stakeholder Impact

• Shareholders: The grant of RSUs to the CFO aligns management's interests with shareholders by tying compensation to equity performance. The tax-related sale is a minor dilution but a standard practice.
• Employees: The RSU grants are part of executive compensation, which can set a precedent for broader employee equity programs.

Key Dates

Recommendation

The filing details routine insider equity transactions, including RSU grants, vesting, and a tax-related sale. These actions are standard for executive compensation and do not provide new fundamental information to warrant a change in investment thesis. The CFO's continued equity holdings suggest ongoing alignment with the company's performance.

Keywords

Stardust Power Inc., SDST, Udaychandra Devasper, CFO, Form 4, Insider Trading, Restricted Stock Units, RSU, Equity Compensation, Stock Sale, Tax Withholding