Sherborne Investors Master GP, LLC - Feb 26, 2024 Form 3 Insider Report for NAVIENT CORP (NAVI)

Role: 10%+ Owner
Signature: Sherborne Investors Master GP, LLC; By: Sherborne Investors LP, its sole member; By: Sherborne Investors GP, LLC, general partner of Sherborne Investors LP; By: /s/ Stephen Welker
Stock symbol: NAVI
Transactions as of: Feb 26, 2024
Transactions value $: $0
Form type: 3
Date filed: 3/1/2024, 05:03 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NAVI	Common stock, par value $.01 per share (the "Common Stock")						29.4M	Feb 26, 2024	By: Newbury Investors LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Sherborne Investors Master GP, LLC (the "Reporting Person") may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. The Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
F2	Shares of Common Stock directly owned by Newbury Investors LLC ("Newbury Investors"). The Reporting Person, as managing member of Newbury Investors, may be deemed to beneficially own the shares of Common Stock directly owned by Newbury Investors.

Content

Sherborne Investors Master GP, LLC (the "Reporting Person") may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. The Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.

Shares of Common Stock directly owned by Newbury Investors LLC ("Newbury Investors"). The Reporting Person, as managing member of Newbury Investors, may be deemed to beneficially own the shares of Common Stock directly owned by Newbury Investors.