Stardust Power Inc. CEO and Chairman Roshen Pujari reported both an equity award and a small share sale. He received a grant of 243,117 restricted stock units payable in common stock, which are fully vested. On the same date, 1,132 common shares were sold at $2.31 per share to cover tax withholding obligations arising from the RSU vesting and settlement.
After these transactions, Pujari holds 605,198 shares directly. He also beneficially owns 465,286 shares held by Energy Transition Investors LLC, 1,087,279 shares held by 7636 Holdings LLC, 141,888 shares held by Vikasa Clean Energy LLC, and 46,022 shares held by Maggie Clayton, reflecting substantial additional indirect ownership.
Stardust Power Inc. Chief Financial Officer Devasper Udaychandra converted 8,245 restricted stock units into an equal number of common shares at no cost and received an equity award of 85,091 common shares. On the same date, he sold 4,507 shares at $2.31 per share and now directly holds 157,387 common shares.
Stardust Power Inc. General Counsel, Chief Compliance Officer and Secretary Bruce Czachor reported an open-market sale of 17,655 shares of common stock on March 20, 2026. The weighted average sale price was $2.29 per share, with individual trades executed between $2.26 and $2.31 per share.
According to the footnotes, this sale was made to cover tax withholding obligations that arose when restricted stock units vested and settled, meaning it was driven by tax requirements rather than a discretionary portfolio decision. After the transactions, Czachor directly held 22,345 shares of Stardust Power common stock.
Stardust Power Inc. reported that Chief Technical Officer Pablo Cortegoso received a fully vested equity grant of 130,909 restricted stock units payable in common stock on March 20, 2026. The filing also shows a sale of 290 common shares at $2.29 per share to cover tax withholding obligations upon vesting and settlement of the RSUs, according to the footnotes. Following these transactions, Cortegoso directly holds 631,039 shares of common stock.
Stardust Power Inc. Chief Operating Officer Chris Edward Celano reported a compensation-related equity grant and a small share sale. He received 91,636 shares of Common Stock as fully vested restricted stock units payable solely in common stock. On the same date, he sold 3,457 shares of Common Stock at a weighted average price of about $2.32–$2.33 per share to cover tax withholding obligations from the RSU vesting and settlement. After these transactions, Celano directly held 128,358 Common Stock shares.
AGARWAL ANUPAM reported acquisition or exercise transactions in this Form 4 filing.
Stardust Power Inc. director Anupam Agarwal reported an equity compensation grant in the form of restricted stock units. He received 11,220 RSUs payable solely in common stock, with the units described as fully vested. Following this award, Agarwal directly owns 85,171 shares of Stardust Power common stock. One footnote notes the figures reflect an adjustment for a 10-for-1 reverse stock split of the company’s common stock that was effected on September 8, 2025.
Stardust Power Inc. reported an insider equity award to its General Counsel, Chief Compliance Officer and Secretary, Bruce Czachor. On March 6, 2026, he acquired 40,000 shares in the form of fully vested restricted stock units payable solely in common stock at a reported price of $0.00 per share. After this grant, his reported direct holdings total 40,000 shares.
Stardust Power Inc. entered into a Common Stock Purchase Agreement with B. Riley Principal Capital II, giving it the right to raise up to $10.0 million by selling common stock over a 36‑month period at its discretion. Purchases are priced off Nasdaq VWAP with a fixed 3.0% discount through Market Open and Intraday purchases, subject to trading, pricing and volume conditions. Nasdaq rules cap issuances at 1,972,924 shares, equal to 19.99% of shares outstanding before the agreement, unless pricing thresholds or stockholder approval remove that limit, and B. Riley’s beneficial ownership is limited to 4.99%. The company expects to use any proceeds for working capital, general corporate purposes, and to support pre‑construction, construction and long‑term growth activities.
Stardust Power Inc. has filed an S-1 to register up to 2,000,000 shares of common stock for resale by B. Riley Principal Capital II, LLC under a committed equity facility. The company is not selling shares in this prospectus and will not receive proceeds from these resales.
Under a February 12, 2026 Purchase Agreement, Stardust Power may later sell B. Riley up to $10 million of stock. Stardust is a development-stage U.S. lithium refinery developer with no revenue and about $64.5 million in accumulated losses from March 16, 2023 through September 30, 2025, and has disclosed substantial doubt about its ability to continue as a going concern.