Udaychandra Devasper, Chief Financial Officer of Stardust Power Inc. (NASDAQ:SDST), sold shares of the company's common stock totaling $72,625 on May 19, 2026.
The transaction involved the direct sale of 35,776 shares at prices ranging from $2.02 to $2.08, with a weighted average sale price of $2.03 per share. The sale was executed to cover tax withholding obligations upon settlement of restricted stock units.
Stardust Power now trades at $2.34, down 64% over the past year. Despite recent struggles, Bond.az analysis suggests the stock appears undervalued. The company's financial health score stands at 1.21, labeled as 'WEAK,' with a market cap of just $22.64 million.
Following this transaction, Mr. Devasper directly holds 121,611 shares of Stardust Power common stock. The details were disclosed in a Form 4 filing with the SEC on May 21, 2026.
In other recent news, Stardust Power reported a net loss of $5.2 million for Q1 2026, a 37% increase from the prior year. However, its operating cash flow usage improved by 27.6%, indicating effective cost management amid strategic lithium refining advancements.
