Ilan Ezra Twig - 31 Oct 2025 Form 4 Insider Report for Navan, Inc. (NAVN)

Role
Chief Technology Officer, Director, 10%+ Owner
Signature
/s/ Howard Baik, Attorney-in-Fact
Issuer symbol
NAVN
Transactions as of
31 Oct 2025
Net transactions value
-$25,000,000
Form type
4
Filing time
31 Oct 2025, 20:51:18 UTC
Previous filing
29 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Twig Ilan Ezra Chief Technology Officer, Director, 10%+ Owner C/O NAVAN, INC., 3045 PARK BOULEVARD, PALO ALTO /s/ Howard Baik, Attorney-in-Fact 31 Oct 2025 0002085105

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAVN Class A Common Stock Sale $25,000,000 -1,000,000 -10% $25.00 8,939,081 31 Oct 2025 By The Ilan Twig Living Trust F1
transaction NAVN Class A Common Stock Conversion of derivative security $0 -8,939,081 -100% $0.000000 0 31 Oct 2025 By The Ilan Twig Living Trust F1, F2
transaction NAVN Class A Common Stock Conversion of derivative security $0 -127,846 -100% $0.000000 0 31 Oct 2025 By The Twig Irrevocable Gift Trust F2, F3
transaction NAVN Class A Common Stock Conversion of derivative security $0 -766,666 -100% $0.000000 0 31 Oct 2025 By the Leeor Eli Twig GST Trust F2, F4
holding NAVN Class A Common Stock 587,222 31 Oct 2025 Direct F5

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 +8,939,081 $0.000000 8,939,081 31 Oct 2025 Class A Common Stock 8,939,081 By The Ilan Twig Living Trust F1, F2, F6
transaction NAVN Class B Common Stock Conversion of derivative security $0 +127,846 $0.000000 127,846 31 Oct 2025 Class A Common Stock 127,846 By The Twig Irrevocable Gift Trust F2, F3, F6
transaction NAVN Class B Common Stock Conversion of derivative security $0 +766,666 $0.000000 766,666 31 Oct 2025 Class A Common Stock 766,666 By the Leeor Eli Twig GST Trust F2, F4, F6
* 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 Ilan Twig Living Trust, for which the Reporting Person is the trustee.
F2 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.
F3 The shares are held of record by The Twig Irrevocable Gift Trust, for which the Reporting Person may be deemed to have voting and investment power.
F4 The shares are held of record by the Leeor Eli Twig GST Trust, for which the Reporting Person may be deemed to have voting and investment power.
F5 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.
F6 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.