Stardust Power Executive Retains 598K Shares After Tax-Related Sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stardust Power Chief Financial Officer Udaychandra Devasper reported a significant insider transaction on Form 4, executing a sale of 160,450 shares of Common Stock on June 20, 2025, at a weighted average price of $0.1856 per share.
Key transaction details:
- The sale was specifically to cover tax withholding obligations related to stock settlement
- Transaction price range: $0.1801 - $0.1875 per share
- Following the transaction, Devasper retains beneficial ownership of 598,655 shares held directly
- The shares were sold in multiple transactions, with the reporting person obligated to provide detailed price information upon request
This transaction appears to be a routine tax-related sale rather than a discretionary divestment, suggesting no significant change in the CFO's long-term position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 160,450 shares ($29,780)
Net Sell
1 txn
Insider
DEVASPER UDAYCHANDRA
Role
Chief Financial Officer
Sold
160,450 shs ($30K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 160,450 | $0.1856 | $30K |
Holdings After Transaction:
Common Stock — 598,655 shares (Direct)
Footnotes (1)
- Represents sales to cover tax withholding obligations in connection with the settlement of Common Stock. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at a range of $0.1801 - $0.1875, inclusive. The undersigned 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 ranges set forth in footnote (2) to this Form 4.
FAQ
What was the purpose of SDSTW CFO's stock sale in June 2025?
The sale was specifically to cover tax withholding obligations in connection with the settlement of Common Stock, as stated in the filing's explanation of responses.
What is the position of Udaychandra Devasper at SDSTW according to the Form 4?
Udaychandra Devasper serves as the Chief Financial Officer (CFO) of Stardust Power Inc., as indicated by the officer title checked in the filing.