| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NAVI | Common Stock | Sale | -$172K | -10K | -2.53% | $17.20 | 386K | Jan 31, 2024 | Direct | F1, F2 |
| holding | NAVI | Common Stock | 11.2K | Jan 31, 2024 | By 401(k) | F3 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on August 9, 2023. |
| F2 | Represents the weighted average price per share of stock sold by the reporting person between $17.01 and $17.28. The reporting person undertakes to provide to Navient Corporation, any security holder of Navient Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. |
| F3 | Between December 18, 2023 and January 31, 2024, the reporting person acquired 43.0604 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, 2024. |