Form 4: Stardust Power Director Anupam Agarwal Receives Equity Grant

Stardust Power Inc. Director Anupam Agarwal was granted 11,220 fully vested restricted stock units, increasing his beneficial ownership to 85,171 shares.

Summary

• Anupam Agarwal, a Director of Stardust Power Inc. (SDST), acquired 11,220 shares of common stock.
• The acquisition was a grant of restricted stock units (RSUs) that are fully vested.
• The transaction date was March 20, 2026, with a price of $0 per share for the grant.
• Following this transaction, Anupam Agarwal beneficially owns 85,171 shares of Stardust Power Inc. common stock.
• The reported beneficial ownership reflects an adjustment for a 10-for-1 reverse stock split effected on September 8, 2025.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it represents routine director compensation that aligns interests, with minimal dilution impact.

Positives

• The grant of fully vested restricted stock units aligns the director's interests with those of shareholders.
• Increased beneficial ownership by a director can signal confidence in the company's future.

Negatives

• The issuance of new shares, even as RSUs, can lead to minor dilution for existing shareholders.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that equity grants to directors are a standard practice in publicly traded companies, serving to align management and board interests with shareholder value creation. This particular grant to a director of Stardust Power Inc. is a routine compensation event.

Stakeholder Impact

• Shareholders: Minor potential for dilution from the issuance of new shares, but also increased alignment of director's interests with shareholder value.

Key Dates

Keywords

Stardust Power Inc., SDST, Anupam Agarwal, Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Grant, Director Compensation, Beneficial Ownership, Reverse Stock Split