Stardust Power (SDST) director receives 11,220 fully vested RSUs as equity grant

Rhea-AI Filing Summary

AGARWAL ANUPAM reported acquisition or exercise transactions in this Form 4 filing.

Stardust Power Inc. director Anupam Agarwal reported an equity compensation grant in the form of restricted stock units. He received 11,220 RSUs payable solely in common stock, with the units described as fully vested. Following this award, Agarwal directly owns 85,171 shares of Stardust Power common stock. One footnote notes the figures reflect an adjustment for a 10-for-1 reverse stock split of the company’s common stock that was effected on September 8, 2025.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider AGARWAL ANUPAM

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	11,220	$0.00	--

Holdings After Transaction: Common Stock — 85,171 shares (Direct)

Footnotes (1)

1. Represents a grant of restricted stock units ("RSUs") payable solely in common stock. The RSUs are fully vested. Reflects an adjustment for the 10-for-1 reverse stock split of the Issuer's common stock that was effected on September 8, 2025.

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^*

AGARWAL ANUPAM

(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		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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	03/20/2026		A		11,220(1)	A	$0	85,171(2)	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. Represents a grant of restricted stock units ("RSUs") payable solely in common stock. The RSUs are fully vested.

2. Reflects an adjustment for the 10-for-1 reverse stock split of the Issuer's common stock that was effected on September 8, 2025.

	/s/ Udaychandra Devasper, as attorney in fact for Anupam Agarwal	03/24/2026
	** 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 insider transaction did Stardust Power (SDST) director Anupam Agarwal report?

Director Anupam Agarwal reported receiving 11,220 restricted stock units in Stardust Power. The RSUs are payable solely in common stock and are fully vested, indicating a compensation-related equity award rather than an open-market share purchase or sale.

How many Stardust Power (SDST) shares does Anupam Agarwal hold after this Form 4 filing?

After the reported grant, Anupam Agarwal directly owns 85,171 shares of Stardust Power common stock. This total incorporates the 11,220 fully vested restricted stock units that were granted and is presented as his direct ownership position following the transaction.

What type of security was granted in the Stardust Power (SDST) Form 4 for Anupam Agarwal?

The filing shows a grant of restricted stock units, or RSUs, that are payable solely in Stardust Power common stock. These RSUs are fully vested, meaning they are not subject to additional service or performance conditions at the time of the report.

Was there a purchase or sale of Stardust Power (SDST) shares in this Form 4?

No open-market purchase or sale occurred; the Form 4 reports an acquisition coded as a grant or award. Agarwal received 11,220 fully vested RSUs at a stated price of $0.00 per unit, reflecting equity compensation rather than a trading transaction.

What does the reverse stock split footnote mean in the Stardust Power (SDST) Form 4?

A footnote states that the reported figures reflect an adjustment for a 10-for-1 reverse stock split of Stardust Power common stock effected on September 8, 2025. This means share numbers in the filing are already restated for that split ratio.