Stardust Power Inc. (SDST) SEC filings document the regulatory record of a public company developing battery-grade lithium carbonate and a proposed lithium refinery in Muskogee, Oklahoma. For this company, the most relevant disclosures often involve project development, commercial agreements, financing arrangements, warrants, equity issuances, and Nasdaq listing compliance.
Quarterly reports on Form 10-Q are important because they describe operating and financial results, accounting treatment for warrants, stock-based compensation, and other capital-structure items. Stardust Power filings have described public and private warrants as derivative warrant liabilities measured at fair value, along with restricted stock units and stock option expense. These disclosures help explain how securities issued by the company affect its reported balance sheet and results.
Current reports on Form 8-K are especially important for SDST because the company uses them to report material events. Recent 8-K filings have covered a non-binding offtake letter of intent for battery-grade lithium carbonate, board appointments and resignations, an at-the-market share sales agreement, a convertible note default and share conversion, shareholder voting matters, and a Nasdaq notice concerning continued listing standards.
Proxy and shareholder meeting materials add detail on governance, director elections, and equity incentive plans. Registration statements and financing-related filings can show how the company may raise capital for general corporate purposes. Form 4 insider transaction reports, if filed, may be used to review changes in beneficial ownership by directors, officers, and other reporting persons. Annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K together provide the core regulatory record for evaluating Stardust Power’s public disclosures.
Stardust Power Inc. (SDST) reported that Chief Operating Officer Chris Edward Celano sold 739 shares of common stock on September 16, 2026 at a weighted-average price of $0.1394 per share. According to the footnote, the sale was made to cover a tax withholding obligation from the settlement of restricted stock units.
After this transaction, Celano directly holds 101,004 shares of Stardust Power common stock. No transactions are reported as being made under a Rule 10b5-1 trading plan.
Stardust Power Inc. (SDST) reported insider equity activity by Chief Financial Officer Devasper Udaychandra. On September 15, 2026, 8,245 Restricted Stock Units vested and were settled into 8,245 common shares, as part of a 98,948 RSU grant that vests quarterly over three years beginning July 8, 2024. On September 16, 2026, the CFO sold 3,726 common shares at $0.1424 per share to cover the tax withholding obligation related to this vesting. No Rule 10b5-1 trading plan is reported.
Stardust Power Inc. (SDST) received a notice under Rule 144 for a potential sale of common stock by officer Udaychandra Devasper. The filing covers up to 9,227 shares of common stock, acquired through an "RSU GRANT VEST" on September 15, 2026, with sales indicated to be executed through Raymond James & Associates on or after September 16, 2026.
The notice also lists prior sales of Stardust Power common stock for this person over the past three months, providing regulators and investors transparency into ongoing disposition activity under Rule 144.
Stardust Power Inc. (SDST) received a Rule 144 notice indicating that officer Pablo Cortegoso plans to sell common stock of the company through Raymond James & Associates, Inc. The notice covers 123,614 shares of Stardust Power common stock to be sold on or after September 16, 2026 on NASDAQ. The shares listed for sale arise from multiple RSU grant vestings by the issuer on various dates in 2025 and 2026, as detailed in the filing.
Stardust Power Inc. (SDST) reported that its Chief Financial Officer, Devasper Udaychandra, sold 49,315 shares of common stock on September 10, 2026 at $0.16 per share. After this sale, he directly holds 76,987 shares. The sale was made under a Rule 10b5-1(c)(1) trading plan adopted on June 9, 2026.
Stardust Power Inc. (SDST) reported that officer Udaychandra Devasper filed a notice under Rule 144 to sell up to 49,315 shares of common stock through Raymond James & Associates on or after September 10, 2026. The shares derive from multiple RSU grant vesting events in 2025. The filing notes 14,049,388 shares outstanding and that 3,554 shares were sold in the prior three months for $6,913.
Stardust Power Inc. (SDST) filed an initial statement of beneficial ownership for Rivers Vagie Ray, who is identified as a director of the company. The filing reports no transactions and no equity holdings in Stardust Power securities at this time. A power of attorney is referenced in the exhibit list.
Stardust Power Inc. (SDST) reports that a prior event of default under its $4,800,000 Senior Secured Convertible Promissory Note with Lind Global Asset Management XIII LLC has led Lind to force a partial conversion of the note. The default was triggered when the company’s market capitalization stayed below $15.0 million for ten consecutive trading days, which allows Lind to require conversion of principal into common stock.
On August 17, 2026, Lind elected to convert $150,000 of principal at a conversion price of $0.492 per share, and on August 20, 2026 the company issued 304,878 shares of common stock to Lind. After this conversion, $3,430,000 of principal remained outstanding under the note and the company had 14,523,933 common shares issued and outstanding. The conversion generated no cash proceeds for Stardust Power and may result in additional amounts becoming due, including any mandatory default amount.
Stardust Power Inc., a pre-revenue developer of a lithium refinery, reported continued operating losses and tight liquidity for the quarter and six months ended June 30, 2026. The company is building a Muskogee, Oklahoma facility designed to produce up to 50,000 metric tons per year of battery-grade lithium but has not yet generated revenue.
For the six months, Stardust recorded a net loss of $9,137,586, widening its accumulated deficit to $77,480,170. Cash declined to $540,264 with total assets of $9,054,659 versus total liabilities of $17,295,519, resulting in a stockholders’ deficit of $8,240,860. Operating cash outflow was $4,002,652 in the period.
The company discloses substantial doubt about its ability to continue as a going concern, as expected costs exceed available cash and working capital. To fund operations, it relies on external capital: a $4.8M senior secured convertible note from Lind (with $4,080,000 principal outstanding at June 30), a $10,000,000 B. Riley equity purchase agreement (505,866 shares sold for $1,310,904 net to date), and a $5,000,000 at-the-market program (79,503 shares sold for $161,032 net in Q2). Subsequent to quarter end, a market-cap trigger on August 11, 2026 caused a default under the Lind note, creating an obligation equal to 110% of outstanding principal (about $4.22 million) plus other amounts, with Lind able to accelerate repayment or convert at a discount. Negotiations are ongoing, and Lind had not yet exercised remedies when the statements were issued.
Stardust Power Inc. reported the appointment of V. Ray Rivers to its Board of Directors, effective August 10, 2026, to serve until the 2027 annual meeting, also placing him on the Audit and Compensation Committees. The Board determined he qualifies as an independent director under Nasdaq standards. Rivers brings over three decades of capital markets and institutional investment experience from senior roles at several Wall Street firms and as Co-Chair of the Greenwich Economic Forum.
His compensation includes an annual cash retainer of $25,000, an Audit Committee retainer of $7,500, and a Compensation Committee retainer of $5,000, all pro-rated for 2026, plus an expected future stock grant of approximately $100,000 under the company’s 2024 equity plan. Stardust Power describes itself as building a major battery-grade lithium carbonate refinery in Oklahoma with planned capacity of up to 50,000 metric tons per annum.