Form 4: Stardust Power COO Sells Shares for Tax Withholding

Stardust Power Inc. Chief Operating Officer Chris Edward Celano reported a sale of common stock to cover tax obligations related to restricted stock units.

Summary

• Chris Edward Celano, Chief Operating Officer of Stardust Power Inc. (SDST), reported a transaction on May 19, 2026.
• Celano sold 25,975 shares of common stock.
• The sale was conducted to cover a tax withholding obligation incurred upon the settlement of restricted stock units.
• The shares were sold at a weighted average price of $2.05 per share, with individual sales ranging from $2.05 to $2.07.
• Following this transaction, Celano beneficially owns 102,383 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale is a standard procedure for covering tax obligations on equity compensation and does not necessarily reflect a negative view of the company's prospects by the executive.

Negatives

• A portion of the company's common stock was sold by a key executive.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

StockSavvy.ai notes that insider sales for tax withholding are common events, particularly following the vesting of restricted stock units. The price range of the sale provides a market-based valuation reference for the company's common stock.

Stakeholder Impact

• Shareholders: The sale of shares by an executive may be perceived negatively by some investors, although it is a common practice for tax purposes. The weighted average sale price provides a recent market valuation point.

Key Dates

Keywords

Stardust Power Inc., SDST, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Chief Operating Officer, Chris Edward Celano