Ariel M. Cohen - 31 Oct 2025 Form 4 Insider Report for Navan, Inc. (NAVN)

Signature
/s/ Howard Baik, Attorney-in-Fact
Issuer symbol
NAVN
Transactions as of
31 Oct 2025
Net transactions value
-$23,108,300
Form type
4
Filing time
31 Oct 2025, 20:47:29 UTC
Previous filing
29 Oct 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cohen Ariel M. Chairperson and CEO, Director, 10%+ Owner C/O NAVAN, INC., 3045 PARK BOULEVARD, PALO ALTO /s/ Howard Baik, Attorney-in-Fact 31 Oct 2025 0001853730

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAVN Class A Common Stock Sale $20,833,325 -833,333 -21% $25.00 3,165,756 31 Oct 2025 By the Ariel Mordechai Cohen Living Trust F1
transaction NAVN Class A Common Stock Sale $758,325 -30,333 -3.8% $25.00 763,653 31 Oct 2025 By the Lihi Cohen GST Trust F2
transaction NAVN Class A Common Stock Sale $758,325 -30,333 -3.8% $25.00 763,653 31 Oct 2025 By the Shai Cohen GST Trust F3
transaction NAVN Class A Common Stock Sale $758,325 -30,333 -3.8% $25.00 763,653 31 Oct 2025 By the Sivan Cohen GST Trust F4
transaction NAVN Class A Common Stock Conversion of derivative security $0 -3,165,756 -100% $0.000000 0 31 Oct 2025 By the Ariel Mordechai Cohen Living Trust F1, F5
transaction NAVN Class A Common Stock Conversion of derivative security $0 -763,653 -100% $0.000000 0 31 Oct 2025 By the Lihi Cohen GST Trust F2, F5
transaction NAVN Class A Common Stock Conversion of derivative security $0 -763,653 -100% $0.000000 0 31 Oct 2025 By the Shai Cohen GST Trust F3, F5
transaction NAVN Class A Common Stock Conversion of derivative security $0 -763,653 -100% $0.000000 0 31 Oct 2025 By the Sivan Cohen GST Trust F4, F5
transaction NAVN Class A Common Stock Conversion of derivative security $0 -4,796 -100% $0.000000 0 31 Oct 2025 By the Lihi Cohen Non-Exempt Trust F5, F6
transaction NAVN Class A Common Stock Conversion of derivative security $0 -4,796 -100% $0.000000 0 31 Oct 2025 By the Shai Cohen Non-Exempt Trust F5, F7
transaction NAVN Class A Common Stock Conversion of derivative security $0 -4,796 -100% $0.000000 0 31 Oct 2025 By the Sivan Cohen Non-Exempt Trust F5, F8
holding NAVN Class A Common Stock 1,154,925 31 Oct 2025 Direct F9

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 NAVN Class B Common Stock Conversion of derivative security $0 +3,165,756 $0.000000 3,165,756 31 Oct 2025 Class A Common Stock 3,165,756 By the Ariel Mordechai Cohen Living Trust F1, F5, F10
transaction NAVN Class B Common Stock Conversion of derivative security $0 +763,653 $0.000000 763,653 31 Oct 2025 Class A Common Stock 763,653 By the Lihi Cohen GST Trust F2, F5, F10
transaction NAVN Class B Common Stock Conversion of derivative security $0 +763,653 $0.000000 763,653 31 Oct 2025 Class A Common Stock 763,653 By the Shai Cohen GST Trust F3, F5, F10
transaction NAVN Class B Common Stock Conversion of derivative security $0 +763,653 $0.000000 763,653 31 Oct 2025 Class A Common Stock 763,653 By the Sivan Cohen GST Trust F4, F5, F10
transaction NAVN Class B Common Stock Conversion of derivative security $0 +4,796 $0.000000 4,796 31 Oct 2025 Class A Common Stock 4,796 By the Lihi Cohen Non-Exempt Trust F5, F6, F10
transaction NAVN Class B Common Stock Conversion of derivative security $0 +4,796 $0.000000 4,796 31 Oct 2025 Class A Common Stock 4,796 By the Shai Cohen Non-Exempt Trust ( F5, F7, F10
transaction NAVN Class B Common Stock Conversion of derivative security $0 +4,796 $0.000000 4,796 31 Oct 2025 Class A Common Stock 4,796 By the Sivan Cohen NonExempt Trust F5, F8, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are held of record by the Ariel Mordechai Cohen Living Trust, dated 8/22/2024, for which the Reporting Person is the trustee.
F2 The shares are held of record by the Lihi Cohen GST Trust dated February 15, 2020, for which Reporting Person may be deemed to have voting and investment power
F3 The shares are held of record by the Shai Cohen GST Trust dated February 15, 2020, for which Reporting Person may be deemed to have voting and investment power.
F4 The shares are held of record by the Sivan Cohen GST Trust dated February 15, 2020, for which Reporting Person may be deemed to have voting and investment power.
F5 Upon the completion of the Issuer's initial public offering of Class A Common Stock ("IPO"), each share of Class A Common Stock was exchanged at a 1:1 ratio for shares of Class B Common Stock
F6 The shares are held of record by the Lihi Cohen Non-Exempt Trust dated May 14, 2022, for which Reporting Person may be deemed to have voting and investment power
F7 The shares are held of record by the Shai Cohen Non-Exempt Trust dated May 14, 2022, for which Reporting Person may be deemed to have voting and investment power
F8 The shares are held of record by the Sivan Cohen Non-Exempt Trust dated May 14, 2022, for which Reporting Person may be deemed to have voting and investment power
F9 Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting. Immediately following the completion of the IPO, at the election of the Reporting Person, each share of Class A Common Stock issued upon vesting and settlement of the RSU may be exchanged at a 1:1 ratio for a share of Class B Common Stock.
F10 Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon the sale or transfer of such share of Class B Common Stock, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. The Class B Common Stock has no expiration date.