CORTEGOSO PABLO 4
Research Summary
AI-generated summary
Stardust Power (SDST) CTO Pablo Cortegoso Sells 44,452 Shares
What Happened
- Pablo Cortegoso, Chief Technical Officer of Stardust Power Inc. (SDST), disposed of 44,452 shares on June 1, 2026. The weighted-average sale price was $2.26 per share, for proceeds of approximately $100,462. The sale is reported as a disposition (code S) and was done to cover tax withholding obligations arising from the settlement of restricted stock units.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03.
- Shares sold: 44,452; weighted-average price: $2.26; total proceeds: ~$100,462.
- Reported price range: $2.20–$2.30 across multiple transactions (footnote F2); reporting person will provide per-price breakdown on request.
- Footnote F1: sale made to satisfy tax withholding from RSU settlement.
- Shares owned after the transaction: not specified in the information provided.
- No late filing flag indicated in the provided filing.
Context
- This was a sale to cover tax withholding on settled restricted stock units—a common, routine insider transaction that does not necessarily indicate a change in the insider’s view of the company. Purchases typically carry more weight as a bullish signal; this transaction appears to be administrative (tax-related) rather than an opportunistic sale.