Form 4: Stardust Power Inc. Executive Paramita Das Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Paramita Das, Chief Strategy Officer of Stardust Power Inc., sold shares of common stock to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units.
Summary
- Paramita Das, the Chief Strategy Officer of Stardust Power Inc., reported the sale of 12,596 shares of common stock on March 11, 2025.
- The shares were sold at a weighted average price of $0.6006 per share, with individual transactions ranging from $0.60 to $0.61.
- The sale was executed under a Rule 10b5-1 trading plan adopted on December 13, 2024, to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
- Following the transaction, Das directly owns 17,404 shares and indirectly owns 104,748 shares through DRE Chicago LLC.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who sell shares of their company's stock. The sale was conducted under a pre-arranged trading plan, which is a common practice to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 12/13/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 03/11/2025 | Date of stock sale transaction |
| 03/13/2025 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.