Udaychandra Devasper, CFO of Stardust Power Inc. (NASDAQ: SDST), sold 3,726 shares on September 16, 2026, for $530 total at $0.1424 per share to cover tax withholding obligations tied to restricted stock unit vesting.
On September 15, 2026, Devasper acquired 8,245 shares through RSU vesting. The RSUs are part of a larger grant of 98,948 units received when the company closed a business combination. These units vest quarterly over three years starting July 8, 2024.
SDST trades at $0.01 and has declined nearly 100% over the past year. InvestingPro rates the company with a "WEAK" financial health score of 1.39 and notes it is burning through cash quickly.
In the second quarter of 2026, Stardust Power posted a loss of $0.35 per share, beating analyst expectations of $0.36 loss per share. The company faces low cash reserves and needs external financing.
Stardust Power amended its at-the-market equity offering program to issue additional shares worth up to approximately $8.99 million. B. Riley Securities, Inc. is involved in the program.