ROSHEN PUJARI - 18 Sep 2024 Form 4 Insider Report for Stardust Power Inc. (SDST)

Role
CEO and Chairman, Director
Signature
/s/ Udaychandra Devasper, as attorney in fact for Roshen Pujari
Issuer symbol
SDST
Transactions as of
18 Sep 2024
Net transactions value
$0
Form type
4
Filing time
20 Sep 2024, 16:30:18 UTC
Previous filing
09 Jul 2024
Next filing
13 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SDST Common Stock Award $0 +306,314 +2.7% $0.000000 11,811,913 18 Sep 2024 Direct F1
holding SDST Common Stock 17,826,774 18 Sep 2024 See Footnote F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SDST Performance Stock Unit Award $0 +306,314 $0.000000 306,314 18 Sep 2024 Common Stock 306,314 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities represent restricted stock units ("RSUs") approved and granted by the Issuer's Board on 9/16/24, subject to the effectiveness of the Issuer's registration statement on Form S-8 that was filed with the SEC on 9/18/24. The reported RSUs vest quarterly over three years following the date of grant, subject to the reporting person's continued employment.
F2 Roshan Pujari beneficially owns 4,652,864 shares held by Energy Transition Investors LLC, 10,872,790 shares held by 7636 Holdings LLC, 1,840,896 shares held by VIKASA Clean Energy I LP, and 460,224 shares held by Maggie Clayton.
F3 Each performance stock unit ("PSU") represents a contingent right to receive one share of Common Stock upon the reporting person's continued employment until the third anniversary of the date of grant, subject to the SDST Common Stock achieving a $12.00 volume weighted average price for a period of 20 trading days during any 30 trading day period during the three year vesting period.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney