Stardust Power's CEO Shows Long-Term Commitment with 26.6M Share Stake After Distribution

Rhea-AI Filing Summary

Roshen Pujari, CEO, Chairman, and 10% owner of Stardust Power, reported significant insider trading activity on June 18, 2025. The transaction involved a pro rata distribution of 103,817 shares of common stock from Vikasa Clean Energy I L.P. to certain limited partners for no consideration.

Following the transaction, Pujari's beneficial ownership includes:

• Direct ownership: 8,901,063 shares of common stock
• Indirect ownership: 17,722,957 shares through various entities including:
  • Energy Transition Investors LLC (4,652,864 shares)
  • 7636 Holdings LLC (10,872,790 shares)
  • Vikasa Clean Energy LLC (1,737,079 shares)
  • Maggie Clayton (460,224 shares)

The filing was signed by Udaychandra Devasper as attorney-in-fact for Pujari on June 20, 2025. The reporting person disclaims beneficial ownership of the distributed securities for Section 16 purposes.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider PUJARI ROSHEN

Role CEO and Chairman

Type	Security	Shares	Price	Value
Other	Common Stock	103,817	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 17,722,957 shares (Indirect, See Footnote); Common Stock — 8,901,063 shares (Direct)

Footnotes (1)

1. Represents pro rata distribution of 103,817 Common Stock of the issuer held by Vikasa Clean Energy I L.P., beneficially owned by the reporting person, for no additional consideration, to certain limited partners. Effective June 18, 2025, Vikasa Clean Energy I L.P. effected a partial pro rata distribution of Common Stock of the issuer, to its limited partners. The reporting person disclaims beneficial ownership of the securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Roshan Pujari beneficially owns 4,652,864 shares held by Energy Transition Investors LLC, 10,872,790 shares held by 7636 Holdings LLC, 1,737,079 shares held by Vikasa Clean Energy LLC, and 460,224 shares held by Maggie Clayton.

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^*

PUJARI ROSHEN

(Last) (First) (Middle)

6608 N. WESTERN AVE, SUITE 466

(Street)

NICHOLS HILLS OK 73116

(City) (State) (Zip)

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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Chairman

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	06/18/2025		J(1)		103,817	D	$0	17,722,957	I	See Footnote(2)
Common Stock								8,901,063	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 pro rata distribution of 103,817 Common Stock of the issuer held by Vikasa Clean Energy I L.P., beneficially owned by the reporting person, for no additional consideration, to certain limited partners. Effective June 18, 2025, Vikasa Clean Energy I L.P. effected a partial pro rata distribution of Common Stock of the issuer, to its limited partners. The reporting person disclaims beneficial ownership of the securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

2. Roshan Pujari beneficially owns 4,652,864 shares held by Energy Transition Investors LLC, 10,872,790 shares held by 7636 Holdings LLC, 1,737,079 shares held by Vikasa Clean Energy LLC, and 460,224 shares held by Maggie Clayton.

	/s/ Udaychandra Devasper, as attorney in fact for Roshen Pujari	06/20/2025
	** 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.
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FAQ

How many shares of Stardust Power (SDSTW) did CEO Roshen Pujari distribute on June 18, 2025?

According to the Form 4 filing, CEO Roshen Pujari distributed 103,817 shares of Common Stock from Vikasa Clean Energy I L.P. to certain limited partners on June 18, 2025, for no additional consideration.

What is the total number of Stardust Power (SDSTW) shares Roshen Pujari owns directly?

According to the Form 4, Roshen Pujari directly owns 8,901,063 shares of Stardust Power common stock.

How many indirect shares of SDSTW does Roshen Pujari beneficially own and through which entities?

Roshen Pujari indirectly beneficially owns 17,722,957 shares through multiple entities: 4,652,864 shares through Energy Transition Investors LLC, 10,872,790 shares through 7636 Holdings LLC, 1,737,079 shares through Vikasa Clean Energy LLC, and 460,224 shares through Maggie Clayton.

What positions does Roshen Pujari hold at Stardust Power (SDSTW)?

According to the Form 4, Roshen Pujari serves as CEO and Chairman, is a Director, and is also a 10% Owner of Stardust Power.

When was the Form 4 for SDSTW signed and by whom?

The Form 4 was signed by Udaychandra Devasper, acting as attorney in fact for Roshen Pujari, on June 20, 2025.