Stardust Power (SDST) CEO awarded RSUs and sells shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,132 shares ($2,615)
Net Sell
3 txns
Insider
PUJARI ROSHEN
Role
CEO and Chairman
Sold
1,132 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 243,117 | $0.00 | -- |
| Sale | Common Stock | 1,132 | $2.31 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 606,330 shares (Direct);
Common Stock — 1,740,475 shares (Indirect, See Footnote)
Footnotes (1)
- Represents a grant of restricted stock units ("RSUs") payable solely in common stock. The RSUs are fully vested. Sale of shares to cover tax withholding obligation incurred upon vesting and settlement of RSUs. Roshen Pujari 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.
FAQ
What insider transactions did Stardust Power (SDST) CEO Roshen Pujari report?
Roshen Pujari reported receiving 243,117 fully vested restricted stock units payable in common stock and selling 1,132 common shares. The sale occurred at $2.31 per share and was used to cover tax withholding obligations from the RSU vesting and settlement.
What indirect ownership in Stardust Power (SDST) does Roshen Pujari report?
Roshen Pujari 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. These positions represent additional indirect ownership interests beyond his direct holdings.
Is the Stardust Power (SDST) Form 4 transaction mainly a purchase or a sale?
The Form 4 reflects both acquisition and disposition activity. Roshen Pujari received 243,117 fully vested restricted stock units as an equity award and sold 1,132 shares to cover tax withholding, resulting in a net share increase and a small, tax-driven sale component.