Stardust Power (SDST) CEO tax-related sale leaves large share holdings

Rhea-AI Filing Summary

Stardust Power Inc. CEO and Chairman Roshen Pujari reported insider activity involving company common stock. On the reported date, he sold 861 shares at $1.91 per share in an open-market transaction to cover a tax withholding obligation arising from restricted stock unit settlement, and held 501,910 shares directly afterward. He also beneficially owned 1,177,475 shares indirectly through related entities and an individual holder, according to the disclosure.

Insider Trade Summary

Net Seller: 861 shares ($1,645)

Net Sell 2 txns

Insider PUJARI ROSHEN

Role CEO and Chairman

Sold 861 shs ($2K)

Type	Security	Shares	Price	Value
Sale	Common Stock	861	$1.91	$2K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 501,910 shares (Direct, null); Common Stock — 1,177,475 shares (Indirect, See Footnote)

Footnotes (1)

1. Sale of shares to cover tax withholding obligation incurred upon settlement of restricted stock units. The reporting person beneficially owns 465,286 shares held by Energy Transition Investors LLC, 524,279 shares held by 7636 Holdings LLC, 141,888 shares held by Vikasa Clean Energy LLC, and 46,022 shares held by Maggie Clayton.

Key Figures

Shares sold: 861 shares Sale price: $1.91 per share Direct holdings after sale: 501,910 shares +5 more

8 metrics

Shares sold 861 shares Open-market sale to cover tax withholding

Sale price $1.91 per share Price for 861 common shares sold

Direct holdings after sale 501,910 shares CEO direct Stardust Power common stock

Indirect holdings after entry 1,177,475 shares Beneficially owned through entities and an individual holder

Energy Transition Investors LLC stake 465,286 shares Indirect beneficial ownership

7636 Holdings LLC stake 524,279 shares Indirect beneficial ownership

Vikasa Clean Energy LLC stake 141,888 shares Indirect beneficial ownership

Maggie Clayton holdings 46,022 shares Indirect beneficial ownership attributed to CEO

Key Terms

restricted stock units, beneficially owns, open-market sale, tax withholding obligation

4 terms

restricted stock units financial

"tax withholding obligation incurred upon settlement of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

beneficially owns financial

"The reporting person beneficially owns 465,286 shares held by Energy Transition Investors LLC"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

tax withholding obligation financial

"Sale of shares to cover tax withholding obligation incurred upon settlement"

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

PUJARI ROSHEN

(Last) (First) (Middle)

6608 N. WESTERN AVE,

SUITE 466

(Street)

NICHOLS HILLS OKLAHOMA 73116

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Stardust Power Inc. [ SDST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Chairman

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/15/2026		S(1)		861	D	$1.91	501,910	D
Common Stock								1,177,475	I	See Footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Sale of shares to cover tax withholding obligation incurred upon settlement of restricted stock units.

2. The reporting person beneficially owns 465,286 shares held by Energy Transition Investors LLC, 524,279 shares held by 7636 Holdings LLC, 141,888 shares held by Vikasa Clean Energy LLC, and 46,022 shares held by Maggie Clayton.

	/s/ Udaychandra Devasper, as attorney in fact for Roshen Pujari	06/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Stardust Power (SDST) CEO Roshen Pujari report in this Form 4?

Roshen Pujari reported selling 861 Stardust Power shares at $1.91 each. The filing states this sale covered tax withholding from restricted stock unit settlement, and he retained substantial direct and indirect share ownership afterward.

How many Stardust Power (SDST) shares did the CEO sell and at what price?

The CEO sold 861 shares of Stardust Power common stock at $1.91 per share. This was described as a sale to satisfy tax withholding related to restricted stock units rather than a discretionary portfolio sale.

How many Stardust Power (SDST) shares does the CEO hold directly after the transaction?

After the reported sale, the CEO held 501,910 Stardust Power common shares directly. This indicates the 861-share sale was small relative to his direct holdings and was tied to tax obligations on equity compensation.

What indirect Stardust Power (SDST) holdings are attributed to the CEO?

The filing shows indirect beneficial ownership of 465,286 shares via Energy Transition Investors LLC, 524,279 via 7636 Holdings LLC, 141,888 via Vikasa Clean Energy LLC, and 46,022 shares held by Maggie Clayton, totaling 1,177,475 shares.

Was the Stardust Power (SDST) CEO’s share sale part of routine tax withholding?

Yes. A footnote explains the 861-share sale was used to cover tax withholding obligations arising from restricted stock unit settlement, meaning it reflects a compensation-related tax event rather than a typical discretionary stock sale.