Chris Edward Celano, Chief Operating Officer of Stardust Power Inc. (NASDAQ:SDST), sold 25,975 shares of the company’s common stock on May 19, 2026. The total value of the shares sold amounted to $53,248.
The shares were sold in multiple transactions at prices ranging from $2.05 to $2.07 per share. This sale was executed to cover tax withholding obligations incurred upon the settlement of restricted stock units. Following this transaction, Mr. Celano directly holds 102,383 shares of Stardust Power common stock.
The stock currently trades at $2.34, having declined 64% over the past year amid high price volatility. According to Bond.az analysis, the stock appears undervalued at current levels based on Fair Value calculations.
In other recent news, Stardust Power Inc. reported its financial results for the first quarter of 2026, revealing a net loss of $5.2 million, which marks a 37% increase compared to the previous year. Despite this loss, the company managed to improve its operating cash flow usage by 27.6%, indicating effective cost management strategies.
