PUJARI ROSHEN 4

What Happened
Roshen Pujari, a 10% owner of Stardust Power Inc. (SDST), was granted 243,117 restricted stock units (RSUs) that were fully vested and settled into common stock on March 20, 2026 (reported on Form 4). The grant is reported at $0.00 on the form because RSUs are awards rather than purchases. On the same date he sold 1,132 shares in an open-market/private sale at $2.31 per share, generating proceeds of approximately $2,615; that sale was made to satisfy the tax withholding obligation from the RSU settlement.

Key Details

• Transaction dates: March 20, 2026 (award/settlement and sale); Form 4 filed March 24, 2026 (timely filing).
• Award: 243,117 RSUs payable solely in common stock; RSUs are fully vested (F1). Form shows acquisition at $0.00 (code A).
• Sale: 1,132 shares disposed at $2.31/share for ~$2,615 to cover tax withholding (code S; F2 explains tax withholding).
• Shares beneficially owned (per filing): 1,740,475 shares via entities — 465,286 (Energy Transition Investors LLC), 1,087,279 (7636 Holdings LLC), 141,888 (Vikasa Clean Energy LLC), and 46,022 (Maggie Clayton) (F3).
• Transaction codes: A = Award/Grant (RSUs); S = Sale; F = tax withholding related sale. Filing appears timely (filed within required reporting window).

Context
RSUs are a form of compensation/award and not an open-market purchase; the sale of a small number of shares immediately after settlement to cover taxes is common and does not necessarily indicate a change in sentiment. As a reported 10% owner, Pujari’s holdings are largely held through investment entities rather than being an ordinary employee trade; that structure is important when assessing insider activity.