Stardust Power (SDST) CEO sells 102K shares, gifts 563K to family trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stardust Power Inc. director, CEO and Chairman Roshen Pujari reported two recent transactions in the company’s common stock. On May 26, 2026, he sold 102,427 shares in open-market transactions at a weighted average price of $2.18 per share, in sales used to cover tax withholding obligations tied to restricted stock unit settlement. After this sale, he held 502,771 shares directly.
On May 28, 2026, an entity associated with him, 7636 Holdings LLC, made a bona fide gift of 563,000 shares of common stock to irrevocable trusts for the benefit of his child. He disclaims beneficial ownership of the securities held by his child. Following these transactions, he is reported as beneficially owning blocks of shares through several entities, including 465,286 shares held by Energy Transition Investors LLC and 524,279 shares held by 7636 Holdings LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 102,427 shares ($223,291)
Net Sell
2 txns
Insider
PUJARI ROSHEN
Role
CEO and Chairman
Sold
102,427 shs ($223K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 563,000 | $0.00 | -- |
| Sale | Common Stock | 102,427 | $2.18 | $223K |
Holdings After Transaction:
Common Stock — 1,177,475 shares (Indirect, See Footnote);
Common Stock — 502,771 shares (Direct, null)
Footnotes (1)
- Sale of shares to cover tax withholding obligation incurred upon settlement of restricted stock units. The price reported is a weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $2.11 to $2.50, inclusive. The reporting person 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. This transaction involved the reporting person's gift of 563,000 shares of Common Stock held by 7636 Holdings LLC to irrevocable trusts for the benefit of the reporting person's child. The reporting person disclaims beneficial ownership of the securities held by his child, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. 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
Open-market shares sold: 102,427 shares
Weighted average sale price: $2.18 per share
Sale price range: $2.11–$2.50 per share
+3 more
6 metrics
Open-market shares sold
102,427 shares
Common Stock sold on May 26, 2026
Weighted average sale price
$2.18 per share
Open-market sale to cover tax withholding
Sale price range
$2.11–$2.50 per share
Multiple transactions within this range
Shares gifted
563,000 shares
Bona fide gift on May 28, 2026 via 7636 Holdings LLC
Direct holdings after sale
502,771 shares
Common Stock held directly following May 26, 2026 sale
Indirect beneficial holdings
1,177,475 shares
Held via named entities and individuals in footnote
Key Terms
bona fide gift, restricted stock units, weighted average sale price, beneficial ownership, +1 more
5 terms
bona fide gift financial
"This transaction involved the reporting person's gift of 563,000 shares of Common Stock..."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock units financial
"Sale of shares to cover 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."
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the securities held by his child..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
irrevocable trusts financial
"to irrevocable trusts for the benefit of the reporting person's child."
FAQ
What insider transactions did Stardust Power (SDST) CEO Roshen Pujari report?
Roshen Pujari reported a tax-related sale and a large share gift. He sold 102,427 Stardust Power common shares at a weighted average $2.18 and an affiliated LLC gifted 563,000 shares to irrevocable trusts for his child, with a disclaimer of beneficial ownership.
Were Stardust Power (SDST) CEO transactions open-market or non-market events?
The Form 4 includes both open-market and non-market transactions. The 102,427-share sale was open-market, used to cover tax withholding, while the 563,000-share transfer was a bona fide gift from an affiliated LLC to irrevocable trusts for his child.