[Form 4] Stardust Power Inc. Insider Trading Activity

Rhea-AI Filing Summary

Stardust Power Inc. insider activity shows a small sale of common stock linked to tax obligations. On December 15, 2025, the reporting person, who is a director, CEO, chairman and 10% owner, sold 953 shares of common stock at $3.51 per share. The filing notes this sale was made to cover tax withholding from the vesting and settlement of restricted stock units under a Rule 10b5-1 trading plan adopted on November 29, 2024.

After this transaction, the insider held 363,213 shares directly and 1,740,475 shares indirectly through several entities and an individual, reflecting a substantial continuing ownership position in Stardust Power Inc.

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).

X

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 OK 73116

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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

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

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

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	12/15/2025		S(1)		953	D	$3.51	363,213	D
Common Stock								1,740,475	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. Represents sales to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs") pursuant to a Rule 10b5-1 trading plan adopted on November 29, 2024.

2. Roshan Pujari beneficially owns 465,286 shares held by Energy Transition Investors LLC, 1,087,279 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	12/17/2025
	** 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.

FAQ

What insider transaction did Stardust Power Inc. (SDST) report in this Form 4?

The Form 4 reports that a director, CEO, chairman and 10% owner of Stardust Power Inc. sold 953 shares of common stock on December 15, 2025.

At what price were the Stardust Power Inc. (SDST) shares sold in this insider transaction?

The insider sale involved 953 shares of Stardust Power Inc. common stock at a price of $3.51 per share.

Why were Stardust Power Inc. (SDST) shares sold according to this Form 4?

The filing states the 953-share sale was made to cover tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs) under a Rule 10b5-1 trading plan adopted on November 29, 2024.

How many Stardust Power Inc. (SDST) shares does the insider own after the reported transaction?

Following the sale, the insider beneficially owned 363,213 shares directly and 1,740,475 shares indirectly through various entities and an individual.

What is the insider’s relationship to Stardust Power Inc. (SDST)?

The reporting person is listed as a director, CEO, chairman, and 10% owner of Stardust Power Inc.

How is the indirect ownership in Stardust Power Inc. (SDST) structured for this insider?

The insider indirectly beneficially owns shares through Energy Transition Investors LLC, 7636 Holdings LLC, Vikasa Clean Energy LLC, and Maggie Clayton, totaling 1,740,475 shares.