John F. Remondi - 03 Feb 2022 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role: Chief Executive Officer, Director
Signature: /s/ Kurt T. Slawson (POA) for John F. Remondi
Issuer symbol: NAVI
Transactions as of: 03 Feb 2022
Net transactions value: -$219,359
Form type: 4
Filing time: 04 Feb 2022, 15:48:18 UTC
Previous filing: 07 Jan 2022
Next filing: 08 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NAVI	Common Stock	Options Exercise	$4,603,706	+297,397	+9.6%	$15.48	3,405,051	03 Feb 2022	Direct	F1
transaction	NAVI	Common Stock	Tax liability	$4,823,065	-271,111	-8%	$17.79	3,133,940	03 Feb 2022	Direct
holding	NAVI	Common Stock						250	03 Feb 2022	As custodian for child

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NAVI	Stock Option (Right to Buy)	Options Exercise	$0	-297,397	-100%	$0.000000^*	0	03 Feb 2022	Common Stock	297,397	$15.48	Direct

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

Explanation of Responses:

Id	Content
F1	Dividend equivalent rights (8,553.7605 units) issued on restricted stock units and performance stock units are included in the reporting person's common stock holding balance.