Mark Heleen - Jan 31, 2023 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role
EVP, CLO & Secretary
Signature
/s/ Elizabeth Han (POA) for Mark Heleen
Stock symbol
NAVI
Transactions as of
Jan 31, 2023
Transactions value $
-$142,274
Form type
4
Date filed
2/1/2023, 03:30 PM
Previous filing
Dec 7, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAVI Common Stock Options Exercise $1.18M +86.9K +22.9% $13.63 466K Jan 31, 2023 Direct F1
transaction NAVI Common Stock Tax liability -$1.33M -70.5K -15.12% $18.82 396K Jan 31, 2023 Direct
holding NAVI Common Stock 10.5K Jan 31, 2023 By 401(k) F2

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 -86.9K -100% $0.00* 0 Jan 31, 2023 Common Stock 86.9K $13.63 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Dividend equivalent rights (1,489.7482 units) issued on restricted stock units and performance stock units and 26 shares withheld to satisfy the reporting person's various tax withholding requirements are included in the reporting person's common stock holding balance.
F2 Between December 5, 2022, and January 31, 2023, the reporting person acquired 113.2791 share equivalents of Navient common stock under the Navient 401(k) Savings Plan. The information in this report is based on the reporting person's actual account balance as of January 31, 2023.