Form 4: Stardust Power Inc. Chief Technical Officer Pablo Cortegoso Sells Shares to Cover Tax Obligations

Pablo Cortegoso, Chief Technical Officer of Stardust Power Inc., sold 2,802 shares of common stock on March 12, 2025, to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units.

Summary

• On March 12, 2025, Pablo Cortegoso, the Chief Technical Officer of Stardust Power Inc. (SDST), sold 2,802 shares of common stock.
• The sale was executed at a price of $0.62 per share.
• This transaction was made to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
• The sale was conducted under a Rule 10b5-1 trading plan adopted on December 13, 2024.
• Following the transaction, Cortegoso still beneficially owns 4,681,906 shares of Stardust Power Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is related to tax obligations and executed under a pre-arranged plan. It doesn't indicate a positive or negative outlook for the company.

Industry Context

This is a routine transaction for executives to manage their tax liabilities related to equity compensation. It doesn't necessarily reflect a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact due to the small number of shares sold and the pre-planned nature of the transaction.

Key Dates