SDSTW Form 4: Director disposes 942 shares; holdings 46,022 after sale
Rhea-AI Filing Summary
Stardust Power Inc. director Charlotte Nangolo Nanguloshi reported a sale of common stock. On 09/22/2025 she disposed of 942 shares at $2.7111 per share, leaving 46,022 shares beneficially owned following the transaction. The filing notes the reported share counts reflect a 10-for-1 reverse stock split effected on September 8, 2025. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/23/2025.
Positive
- None.
Negative
- Director sold 942 shares of common stock on 09/22/2025 at $2.7111 per share, reducing available insider-held shares by that amount.
Insights
TL;DR: Director reported a small sale of 942 shares at $2.7111, leaving 46,022 shares post-transaction.
The Form 4 shows a straightforward non-derivative sale by a director on 09/22/2025. The transaction size (942 shares) is small relative to the remaining holding (46,022 shares) as presented, and the filing explicitly adjusts share counts for a 10-for-1 reverse split on September 8, 2025. This disclosure complies with Section 16 reporting requirements and provides clear, specific trade details: date, price, shares sold, and resulting beneficial ownership.
TL;DR: Routine insider sale disclosed; documentation includes attorney-in-fact signature and reverse-split adjustment.
The submission is procedurally complete: it indicates the reporting person is a director, specifies the sale code, and contains an explanatory note about the reverse split that affects reported share totals. The signature line shows an attorney-in-fact executed the form on 09/23/2025. The filing does not provide any additional context such as a Rule 10b5-1 plan, so the disclosure is limited to the transaction facts only.
FAQ
What transaction did Charlotte Nangolo Nanguloshi report on Form 4 for SDSTW?
How many shares does the reporting person own after the reported transaction?
Does the Form 4 mention any corporate actions affecting share counts?
Who signed the Form 4 and when was it signed?
Is there any indication this sale was executed under a Rule 10b5-1 plan?