Roshen Pujari - Sep 18, 2024 Form 4 Insider Report for Stardust Power Inc. (SDST)

Role
CEO and Chairman, Director
Signature
/s/ Udaychandra Devasper, as attorney in fact for Roshen Pujari
Stock symbol
SDST
Transactions as of
Sep 18, 2024
Transactions value $
$0
Form type
4
Date filed
9/20/2024, 04:30 PM
Previous filing
Jul 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SDST Common Stock Award $0 +306K +2.66% $0.00 11.8M Sep 18, 2024 Direct F1
holding SDST Common Stock 17.8M Sep 18, 2024 See Footnote F2

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 Performance Stock Unit Award $0 +306K $0.00 306K Sep 18, 2024 Common Stock 306K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities represent restricted stock units ("RSUs") approved and granted by the Issuer's Board on 9/16/24, subject to the effectiveness of the Issuer's registration statement on Form S-8 that was filed with the SEC on 9/18/24. The reported RSUs vest quarterly over three years following the date of grant, subject to the reporting person's continued employment.
F2 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.
F3 Each performance stock unit ("PSU") represents a contingent right to receive one share of Common Stock upon the reporting person's continued employment until the third anniversary of the date of grant, subject to the SDST Common Stock achieving a $12.00 volume weighted average price for a period of 20 trading days during any 30 trading day period during the three year vesting period.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney