Bruce Czachor, the General Counsel, Chief Compliance Officer and Secretary of Stardust Power Inc. (NASDAQ: SDST), completed a sale of 17,655 shares of the company's common stock on March 20, 2026. The block of shares fetched a total of $40,429 at a weighted average sale price of $2.29 per share, with individual transactions priced between $2.26 and $2.31.
According to the filing, the disposition was carried out to satisfy tax withholding obligations arising from the vesting and settlement of Restricted Stock Units (RSUs). After the sale, Czachor retains direct ownership of 22,345 shares of Stardust Power common stock.
Company financials and financing
In other filings and disclosures, Stardust Power reported a net loss of $15.7 million for the fiscal year ended December 31, 2025. That result represents an improvement from the prior year loss of $23.8 million. The company attributed the narrower loss to lower financing charges and decreased general and administrative expenses during the period.
Meanwhile, Stardust has an equity financing arrangement in place with B. Riley Principal Capital II, LLC. Under a common stock purchase agreement, the company secured access to up to $10 million over a 36-month facility. The agreement gives Stardust the option to sell shares under the facility at its discretion.
Stardust stated that proceeds from the financing arrangement are intended to be used for pre-construction and construction activities, long-term growth initiatives, working capital, and general corporate purposes.
Operational milestone - Muskogee lithium refinery
The company also disclosed that it received the final permit required for its planned lithium refinery in Muskogee, Oklahoma. Specifically, Stardust obtained an air quality construction permit issued by the Oklahoma Department of Environmental Quality. The company says this permit completes the regulatory permissions needed for the facility.
Stardust describes the Muskogee refinery as being designed to produce up to 50,000 metric tons of battery-grade lithium carbonate annually. The permit represents a regulatory milestone as the company advances toward construction and commissioning of the facility.
What this means
The insider sale was executed for tax withholding related to RSU settlement and left the officer with a remaining direct stake in the company. Separately, the company’s 2025 results show a reduced net loss and an available equity facility, while regulatory clearance for the Muskogee refinery marks a key step toward scaling planned production capacity.
Information in this report is drawn from company disclosures and the insider transaction filing.