Roshen Pujari - Mar 12, 2025 Form 4 Insider Report for Stardust Power Inc. (SDST)

Signature
/s/ Udaychandra Devasper, as attorney in fact for Roshen Pujari
Stock symbol
SDST
Transactions as of
Mar 12, 2025
Transactions value $
-$6,929
Form type
4
Date filed
3/13/2025, 04:05 PM
Previous filing
Sep 20, 2024
Next filing
Mar 18, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SDST Common Stock Sale -$6.93K -11.4K -0.1% $0.61 11.8M Mar 12, 2025 Direct F1, F2
holding SDST Common Stock 17.8M Mar 12, 2025 See Footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Represents sales to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs") pursuant to a Rule 10b5-1 trading plan adopted on November 29, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at a range of $0.61 - $0.62, 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.
F3 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.