DEVASPER UDAYCHANDRA 4

What Happened

• Devasper Udaychandra, CFO of Stardust Power Inc. (SDST), had 8,245 restricted stock units (RSUs) convert to common shares on 2026-06-15 (reported form transaction code M, $0.00 cost). He sold 3,554 of those shares in an open-market sale at $1.95 each, raising $6,930. The conversion/derivative entries reflect RSUs vesting and being settled into common shares.

Key Details

• Transaction date: 2026-06-15; sale price: $1.95 per share; sale proceeds: $6,930.
• RSU conversion: 8,245 shares acquired via conversion (M) at $0.00; a corresponding derivative disposition is reported (M) reflecting settlement.
• Sale reason: Footnote states the sale was to cover tax withholding obligations upon RSU vesting.
• Grant context: The reporting person received 98,948 RSUs tied to the business combination, vesting quarterly over a 3‑year term starting July 8, 2024.
• Shares owned after the transaction: not specified in the information provided.
• Filing: Report filed 2026-06-17 for transactions on 2026-06-15 — within the typical two-business-day Form 4 reporting window (not marked late).

Context

• These filings show a routine RSU vesting and partial sell-to-cover for taxes, not an open‑market purchase or an indicator of new bullish buying. The RSU conversion is a zero-cost issuance (the derivative converted into shares), and only a portion of the vested shares were sold to satisfy tax withholding.