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

Stardust Power Inc.'s Chief Technical Officer, Pablo Cortegoso, sold 173,610 shares of common stock to satisfy tax withholding obligations, maintaining a significant beneficial ownership.

Summary

• Pablo Cortegoso, Chief Technical Officer of Stardust Power Inc. (SDST), reported a sale of common stock.
• The transaction involved the disposition of 173,610 shares of common stock on June 20, 2025.
• The shares were sold at a weighted average price of $0.1861 per share, with individual transactions ranging from $0.1801 to $0.1889.
• The purpose of the sale was explicitly stated as covering tax withholding obligations in connection with the settlement of Common Stock.
• Following this transaction, Mr. Cortegoso beneficially owns 5,006,616 shares of Stardust Power Inc. common stock directly.

Sentiment

Score: 5

Explanation: The transaction is neutral as it is a routine sale to cover tax withholding obligations, not indicative of a change in management's confidence in the company.

Positives

• The sale was explicitly stated to cover tax withholding obligations, which is a routine and expected event for executives receiving equity compensation, rather than a discretionary sale indicating a lack of confidence.
• Pablo Cortegoso retains a substantial beneficial ownership of 5,006,616 shares, indicating continued alignment with shareholder interests.

Negatives

• The sale represents a reduction in direct beneficial ownership by a key executive, though the stated reason for the sale mitigates the negative perception.

Future Outlook

NA

Management Comments

• "Represents sales to cover tax withholding obligations in connection with the settlement of Common Stock."
• "The undersigned undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4."

Industry Context

This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal impact, as the sale is for tax purposes and the executive retains significant ownership. It does not signal a lack of confidence.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Keywords

Stardust Power Inc., SDST, Pablo Cortegoso, Chief Technical Officer, CTO, SEC Form 4, Insider Trading, Stock Sale, Tax Withholding, Beneficial Ownership, Equity Compensation