Form 4: Stardust Power CFO Sells Shares After RSU Vesting

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

Summary

• Udaychandra Devasper, Chief Financial Officer of Stardust Power Inc. (SDST), reported transactions on December 15, 2025.
• The transactions included the vesting of 8,245 Restricted Stock Units (RSUs), resulting in the acquisition of 8,245 shares of Common Stock.
• Following the RSU vesting, 3,927 shares of Common Stock were sold at a weighted average price of $3.4861 per share to cover tax withholding obligations.
• These sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on November 27, 2024.
• After these transactions, Mr. Devasper beneficially owns 68,558 shares of Common Stock directly and 32,984 Restricted Stock Units directly.
• The RSUs represent the right to receive one common share upon vesting and were part of an initial grant of 98,948 RSUs received at the closing of the business combination, vesting quarterly over a 3-year term commencing July 8, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider transaction involving RSU vesting and a subsequent sale to cover tax obligations, which is a common practice and does not indicate a change in company fundamentals or management's confidence beyond the pre-planned nature of the transaction.

Positives

• The vesting of 8,245 Restricted Stock Units indicates a component of executive compensation being realized, aligning management's interests with shareholder value over time.
• The sale of shares was explicitly stated to cover tax withholding obligations, which is a common and routine practice for executives receiving equity compensation.

Negatives

• An insider sale, even for tax purposes, reduces the direct equity stake of a key executive in the company, which some investors might view with slight caution.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and does not provide information directly related to broader industry trends or competitive landscape for Stardust Power Inc.

Corporate Governance

Stakeholder Impact

• Shareholders: The sale of a small number of shares by the CFO to cover tax obligations is a routine event and is unlikely to have a significant impact on existing shareholders. The underlying RSU vesting represents a form of compensation for the executive.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where the CFO acquired shares through RSU vesting and subsequently sold a portion to cover tax withholding, as per a pre-arranged 10b5-1 plan. Such transactions are common and generally do not reflect a change in the company's fundamental outlook or the executive's long-term confidence. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Stardust Power, SDST, Udaychandra Devasper, CFO, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Share Sale, Tax Withholding, 10b5-1 Plan