Stardust Power CFO sells shares for tax withholding

Stardust Power Inc. Chief Financial Officer Devasper Udaychandra reported an open-market sale of 35,776 shares of common stock at a weighted average price of about $2.03 per share.

Rhea-AI Filing Summary

Stardust Power Inc. Chief Financial Officer Devasper Udaychandra reported an open-market sale of 35,776 shares of common stock at a weighted average price of about $2.03 per share. According to the footnote, these shares were sold to cover a tax withholding obligation from restricted stock unit settlement.

Following this transaction, the CFO holds 121,611 shares directly. The sale occurred through multiple trades at prices ranging from $2.02 to $2.08 per share, and detailed trade breakdowns are available upon request as indicated in the disclosure.

Insider Trade Summary

Net Seller: 35,776 shares

Net Sell 1 txn

Insider DEVASPER UDAYCHANDRA

Role Chief Financial Officer

Sold 35,776 shs ($73K)

Type	Security	Shares	Price	Value
Sale	Common Stock	35,776	$2.03	$73K

Holdings After Transaction: Common Stock — 121,611 shares (Direct)

Footnotes (2)

1. F1. Sale of shares to cover tax withholding obligation incurred upon settlement of restricted stock units.
2. F2. The price reported is a weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $2.02 to $2.08, inclusive. The undersigned undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Key Figures

Shares sold: 35,776 shares Weighted average sale price: $2.03 per share Sale price range: $2.02–$2.08 per share +2 more

5 metrics

Shares sold 35,776 shares Open-market sale on 2026-05-19

Weighted average sale price $2.03 per share Common stock sale on 2026-05-19

Sale price range $2.02–$2.08 per share Multiple transactions within this range

Shares held after transaction 121,611 shares Direct ownership after sale

Net shares sold 35,776 shares Net-sell direction in transaction summary

Key Terms

restricted stock units, weighted average sale price, 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.

weighted average sale price financial

"The price reported is a weighted average sale price per share."

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"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Stardust Power (SDST) disclose for its CFO?

Stardust Power’s CFO, Devasper Udaychandra, disclosed selling 35,776 shares of common stock. The filing states the sale was made to cover tax withholding obligations arising from the settlement of restricted stock units, rather than a discretionary reduction in ownership.

At what prices did the Stardust Power (SDST) CFO sell shares?

The CFO’s shares were sold at a weighted average price of about $2.03 per share. The filing notes multiple trades occurred within a range from $2.02 to $2.08 per share, with detailed trade-by-trade information available upon request from the issuer.

How many Stardust Power (SDST) shares does the CFO hold after the sale?

After the reported sale, the Stardust Power CFO directly holds 121,611 shares of common stock. This post-transaction figure reflects his remaining stake following the 35,776 shares sold to satisfy tax withholding obligations tied to restricted stock unit settlement.

Why were Stardust Power (SDST) CFO shares sold according to the Form 4?

The filing explains the CFO’s shares were sold to cover a tax withholding obligation from restricted stock unit settlement. This means the disposition was driven by tax requirements associated with equity compensation, not by a separate, stand-alone investment decision to exit the stock.

Was the Stardust Power (SDST) CFO sale a single trade or multiple trades?

The disclosure states the sale was executed through multiple transactions. These trades occurred at prices ranging from $2.02 to $2.08 per share, with the reported $2.03 figure representing a weighted average sale price across all individual executions on the transaction date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/21/2026 - 05:00 PM Learn about SEC filing dates

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^*

DEVASPER UDAYCHANDRA

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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	05/19/2026		S(1)		35,776	D	$2.03(2)	121,611	D

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 price reported is a weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $2.02 to $2.08, inclusive. The undersigned undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	/s/ Udaychandra Devasper	05/21/2026
	** 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)