UDAYCHANDRA DEVASPER - 15 Sep 2025 Form 4 Insider Report for Stardust Power Inc. (SDST)

Role
Chief Financial Officer
Signature
/s/ Udaychandra Devasper
Issuer symbol
SDST
Transactions as of
15 Sep 2025
Transactions value $
-$10,298
Form type
4
Filing time
16 Sep 2025, 17:20:47 UTC
Previous filing
23 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
DEVASPER UDAYCHANDRA Chief Financial Officer 6608 N. WESTERN AVE,, SUITE 466, NICHOLS HILLS /s/ Udaychandra Devasper 16 Sep 2025 0002028422

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SDST Common Stock Options Exercise +8,245 +13.77% 68,110 15 Sep 2025 Direct F1
transaction SDST Common Stock Sale -$10,298 -3,870 -5.68% $2.66 64,240 15 Sep 2025 Direct F2, F3, F4

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 Restricted Stock Unit Options Exercise $0 +8,245 +25% $0 41,229 15 Sep 2025 Common Stock 8,245 Direct F1, F4, F5
* 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 Each Restricted Stock Unit ("RSU") represents the right to receive one common share upon vesting.
F2 Represents sales to cover tax withholding obligations in connection with the vesting and settlement of RSUs pursuant to a Rule 10b5-1 trading plan adopted on November 27, 2024.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at a range of $2.65 - $2.67, 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 (3) to this Form 4.
F4 The share numbers reflected in Tables I and II have been adjusted to take into account a 10-for-1 reverse stock split of the Issuer's common stock that was effected on September 8, 2025.
F5 The Reporting Person received 98,948 RSUs in connection with the closing of the business combination, which vest quarterly over a 3-year term, commencing July 8, 2024.