DEVASPER UDAYCHANDRA 4

What Happened

• Devasper Udaychandra, CFO of Stardust Power (SDST), had multiple transactions on March 20, 2026: he sold 4,507 common shares in an open-market/private sale for $2.31 each (total $10,411), was granted 85,091 restricted stock units (RSUs) (no cash cost), and exercised/converted 8,245 derivative shares (reported at $0). The RSU grant and the derivative conversion were recorded as acquisitions; the small share sale appears related to tax withholding.

Key Details

• Transaction date: March 20, 2026.
• Sale: 4,507 shares at $2.31, total proceeds $10,411. (Code S)
• Grants/Conversions: 85,091 RSUs (code A) and 8,245 derivative shares exercised/converted (code M), both reported at $0.
• Footnotes: F1–F4 note RSUs convert 1:1 to common shares; the 85,091 RSUs are payable solely in common stock and are fully vested (F2,F1). F3 states the sale was to cover tax withholding on vesting. F4 references an earlier grant of 98,948 RSUs that vest quarterly over three years beginning July 8, 2024.
• Shares owned after the transactions are not specified in the supplied excerpt of the filing.
• Filing timeliness: marked late (L) — the report was filed after the reporting period; late filings limit timely disclosure but do not by themselves imply misconduct.

Context

• The filing shows awards/vesting and a small open-market sale to cover taxes, a common and routine action when RSUs vest (cashless/tax-sale behavior).
• The derivative line indicates conversion/exercise of derivative rights into shares; some or all of those shares may have been used to satisfy withholding obligations (per F3). These events are awards/conversions rather than an outright cash purchase (not a bullish buy signal).