Form 4: Stardust Power Inc. Executive Pablo Cortegoso Sells Shares to Cover Tax Obligations

Pablo Cortegoso, Chief Technical Officer of Stardust Power Inc., sold 2,550 shares of common stock on March 17, 2025, to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On March 17, 2025, Pablo Cortegoso, the Chief Technical Officer of Stardust Power Inc. (SDST), sold 2,550 shares of common stock.
• The sale was executed at a weighted average price of $0.62 per share, with individual transactions ranging from $0.62 to $0.63.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 13, 2024.
• Following the transaction, Cortegoso still beneficially owns 4,679,356 shares of Stardust Power Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation and tax obligations. The use of a 10b5-1 plan mitigates concerns about insider trading.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on insider information.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan suggests it was pre-planned and not based on inside information.

Key Dates

Keywords

Stardust Power Inc., Pablo Cortegoso, Chief Technical Officer, Form 4, Share Sale, Restricted Stock Units, Rule 10b5-1, Tax Withholding, Beneficial Ownership, SDST