STOCK TITAN

Stardust Power (SDST) CTO sells 44,452 shares to cover RSU tax withholding

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Stardust Power Inc. Chief Technical Officer Pablo Cortegoso reported an open-market sale of 44,452 shares of common stock at a weighted average price of $2.26 per share. According to the footnotes, the shares were sold to cover tax withholding obligations from the settlement of restricted stock units. Following the transaction, he directly holds 586,587 shares of common stock.

Positive

  • None.

Negative

  • None.

Insights

CTO sale mainly covers tax from RSU settlement.

Chief Technical Officer Pablo Cortegoso sold 44,452 shares of Stardust Power Inc. common stock at a weighted average of $2.26 per share. The transaction is coded as an open-market sale of non-derivative common stock.

A key footnote states the sale was made to cover tax withholding obligations triggered by the settlement of restricted stock units. This indicates the transaction is primarily tax-related rather than a discretionary portfolio move. After the sale, Cortegoso still holds 586,587 shares directly, showing a substantial continuing equity position.

Insider CORTEGOSO PABLO
Role Chief Technical Officer
Sold 44,452 shs ($100K)
Type Security Shares Price Value
Sale Common Stock 44,452 $2.26 $100K
Holdings After Transaction: Common Stock — 586,587 shares (Direct, null)
Footnotes (1)
  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 $2.20 to $2.30, 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.
Shares sold 44,452 shares Open-market sale of common stock
Weighted average sale price $2.26 per share Sale of 44,452 common shares
Post-transaction holdings 586,587 shares Direct common stock owned after sale
Sale price range $2.20–$2.30 per share Multiple sale transactions within range
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.
non-derivative financial
"transaction_type": "non-derivative""
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SEC Form 4
FORM 4UNITED 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*
CORTEGOSO PABLO

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Technical Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026S(1)44,452D$2.26(2)586,587D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $2.20 to $2.30, 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.
/s/ Udaychandra Devasper, as attorney in fact for Pablo Cortegoso06/03/2026
** Signature of Reporting PersonDate
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) report for Pablo Cortegoso?

Stardust Power’s Chief Technical Officer, Pablo Cortegoso, reported selling 44,452 shares of common stock. The shares were sold at a weighted average price of $2.26 per share in a transaction classified as an open-market sale of non-derivative common stock.

Why did Pablo Cortegoso sell shares of Stardust Power (SDST)?

The filing states Cortegoso sold shares to cover tax withholding obligations arising from the settlement of restricted stock units. This makes the sale primarily tax-driven, rather than a purely discretionary decision to change his investment exposure to Stardust Power stock.

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

After the reported transaction, Chief Technical Officer Pablo Cortegoso directly holds 586,587 shares of Stardust Power common stock. This figure reflects his remaining ownership position following the 44,452-share sale described in the Form 4 filing.

What price range were the Stardust Power (SDST) shares sold for in the Form 4?

The filing reports a weighted average sale price of $2.26 per share. A footnote explains the shares were sold in multiple transactions at prices ranging from $2.20 to $2.30 per share, inclusive, across the reported trades.

What type of security did Pablo Cortegoso sell in Stardust Power (SDST)?

Cortegoso sold common stock of Stardust Power Inc. The transaction involves non-derivative securities, meaning it relates to actual shares rather than options, warrants, or other derivative instruments, as specified in the Form 4 transaction details.

Is the Stardust Power (SDST) insider sale linked to restricted stock units?

Yes. A footnote explains the sale of shares was made to cover tax withholding obligations incurred upon settlement of restricted stock units. This connects the transaction directly to equity-based compensation rather than a standalone trading decision.