Form 4: Stardust Power CFO Sells Shares to Cover Tax Obligations

Stardust Power Inc.'s Chief Financial Officer, Udaychandra Devasper, sold 160,450 shares of common stock on June 20, 2025, primarily to satisfy tax withholding obligations.

Summary

• Udaychandra Devasper, the Chief Financial Officer of Stardust Power Inc. (SDST), reported a sale of common stock.
• The transaction occurred on June 20, 2025.
• A total of 160,450 shares of common stock were disposed of.
• The shares were sold at a weighted average price of $0.1856 per share, with prices ranging from $0.1801 to $0.1875.
• The primary reason for the sale was to cover tax withholding obligations related to the settlement of common stock.
• Following this transaction, Mr. Devasper beneficially owns 598,655 shares of Stardust Power Inc. common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the sale was for tax withholding obligations, which is a common and often non-discretionary reason for insider sales, rather than a discretionary sale indicating a lack of confidence.

Negatives

• The Chief Financial Officer reduced his direct beneficial ownership in the company by 160,450 shares.

Risks

• Insider selling, even for tax purposes, can sometimes be perceived negatively by investors, potentially impacting market sentiment.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or operations.

Management Comments

• The sale of shares represents sales to cover tax withholding obligations in connection with the settlement of Common Stock.

Industry Context

This Form 4 filing is specific to an insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The transaction results in a reduction of direct insider ownership, which some investors might view as a minor negative signal, despite the stated tax-related reason.

Key Dates

Keywords

Stardust Power Inc., SDST, Form 4, insider trading, stock sale, CFO, beneficial ownership, tax withholding, Udaychandra Devasper