Form 4: Stardust Power Director Anupam Agarwal Reports Acquisition of Over 49,000 Shares

Stardust Power Inc. Director Anupam Agarwal has reported the acquisition of 49,180 shares of common stock, increasing his beneficial ownership to 739,516 shares.

Summary

• Anupam Agarwal, a Director of Stardust Power Inc. (SDST), acquired 49,180 shares of the company's common stock.
• The transaction occurred on April 7, 2025, with the shares acquired at a price of $0, indicating they were vested shares or a grant.
• Following this acquisition, Mr. Agarwal's total beneficial ownership in Stardust Power Inc. stands at 739,516 shares of common stock.
• The filing also includes a Power of Attorney, dated September 11, 2024, granted by Anupam Agarwal to Roshen Pujari and Udaychandra Devasper for fulfilling SEC Section 13 and 16 reporting obligations.

Sentiment

Score: 6

Explanation: The acquisition of shares by a director, even if through vesting/grant, generally indicates continued alignment of interests and potential confidence in the company's future, leading to a slightly positive sentiment.

Positives

• The acquisition of 49,180 shares by a director, even if through vesting or grant, can be interpreted as a positive signal of management's continued alignment with shareholder interests and confidence in the company's future.

Negatives

• The shares were acquired at a price of $0, suggesting they were part of compensation or a grant rather than an open market purchase, which typically signals stronger conviction.

Risks

• The Power of Attorney document highlights the ongoing responsibility of the undersigned (Anupam Agarwal) to comply with Section 13 and Section 16 of the Exchange Act, noting that the attorneys-in-fact and the Company are not assuming these responsibilities.

Future Outlook

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

Management Comments

• "The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigneds responsibilities to comply with Section 13 and Section 16 of the Exchange Act."

Industry Context

This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive dynamics.

Comparison to Industry Standards

• NA

Corporate Governance

Related Party Transactions

• The acquisition of 49,180 shares of common stock by Anupam Agarwal, a director of Stardust Power Inc., constitutes a transaction with a related party (insider).

Stakeholder Impact

• Shareholders: The director's increased beneficial ownership may be viewed positively, signaling confidence in the company's prospects and aligning management interests with shareholders.

Next Steps

• The Power of Attorney will remain in full force and effect until Anupam Agarwal is no longer required to file reports or schedules under Section 13 or Section 16 of the Exchange Act with respect to his holdings and transactions in Stardust Power securities, unless earlier revoked.

Key Dates

Keywords

Stardust Power Inc., SDST, Anupam Agarwal, Form 4, insider transaction, beneficial ownership, common stock, director, SEC filing, equity acquisition, Power of Attorney