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

Stardust Power Inc.'s Chief Technical Officer, Pablo Cortegoso, reported the sale of 2,355 shares of common stock to satisfy tax withholding obligations related to RSU vesting.

Summary

• Pablo Cortegoso, Chief Technical Officer of Stardust Power Inc. (SDST), sold 2,355 shares of common stock.
• The transaction occurred on June 16, 2025, at a price of $0.5324 per share.
• The sale was conducted to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
• This transaction was executed under a Rule 10b5-1 trading plan adopted on December 13, 2024.
• Following the sale, Mr. Cortegoso directly beneficially owns 5,180,226 shares of Stardust Power Inc. common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine sale to cover tax obligations from RSU vesting, executed under a pre-arranged 10b5-1 plan. This is a neutral event and does not indicate a change in management's outlook or confidence in the company.

Industry Context

This Form 4 filing details an individual insider transaction, which is a routine disclosure for publicly traded companies. It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a small, routine, tax-related sale by an insider, not indicative of a change in sentiment.
• Employees: No direct impact mentioned.

Key Dates

Keywords

Stardust Power Inc., SDST, Pablo Cortegoso, Chief Technical Officer, Form 4, SEC filing, insider trading, stock sale, Restricted Stock Units, RSU, tax withholding, Rule 10b5-1 plan