Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
Market
Information for Common Stock
Our
Common Stock and Public Warrants have been traded on The Nasdaq Global Select Market under the symbols “SDST” and “SDSTW,”
respectively, since July 8, 2024.
Holders
of Record
As
of March 25, 2025, there were approximately 57 holders of record of our Common Stock and 32 holders of record of our Public
Warrants. Because many of our Public Warrants and shares of Common Stock are held by brokers and other institutions on behalf of
stockholders, we are unable to estimate the total number of beneficial owners of our Common Stock and Public Warrants represented by these record
holders.
Dividend
Policy
We
have never declared or paid cash dividends on our capital stock. We currently intend to retain all available funds and any future earnings
for use in the operation of our business and do not anticipate paying any dividends on our capital stock in the foreseeable future. Any
future determination to declare dividends will be made at the discretion of our board of directors, subject to applicable laws, and will
depend on our financial condition, operating results, capital requirements, general business conditions, and other factors that our board
of directors may deem relevant.
Recent
Sales of Unregistered Securities
None
Issuer
Purchases of Equity Securities
We
issued shares of common stock related to exercises of unvested stock options, or early exercised stock options. The shares of common
stock issued in connection with the early exercised stock options are subject to our repurchase right at the original purchase price.
The proceeds are initially recorded as a liability and reclassified to common stock and additional paid-in capital as our repurchase
right lapses.
For
the year ended December 31, 2024, we repurchased shares related to unvested early exercised stock options due to termination in the below
amounts:
Month
of:
Total
Number
of Shares
Repurchased
Average
Price Paid
per Share
Total
Number of
Shares Repurchased
as Part of Publicly
Announced Plans
or Programs
Maximum
Number of Shares Pending Repurchase Pursuant to Publicly Announced Plans or Program
October
2024
25,575 (1)
$ 0.0065
-
0
November
2024
230,112 (1)
$ 0.0065
-
0
Total
255,687
$ 0.0065
-
0
(1) Represents
shares of Common Stock repurchased in connection with the exercise of the Company’s
repurchase right of options upon the termination of certain employees.
ITEM
6. [RESERVED]
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