Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 4

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 4
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 |  172 |
| CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS............................................                                                                                                                           |  190 |
| PRINCIPAL AND SELLING STOCKHOLDERS........................................................................................                                                                                                 |  194 |
| DESCRIPTION OF MATERIAL INDEBTEDNESS...................................................................................                                                                                                    |  200 |
| DESCRIPTION OF CAPITAL STOCK........................................................................................................                                                                                       |  206 |
| SHARES ELIGIBLE FOR FUTURE SALE.................................................................................................                                                                                           |  215 |
| MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS OFOUR CLASS A COMMON STOCK.........................................................................................................                      |  219 |
| UNDERWRITING...........................................................................................................................................                                                                    |  224 |
| LEGAL MATTERS.........................................................................................................................................                                                                     |  235 |
| EXPERTS........................................................................................................................................................                                                            |  235 |
| CHANGES IN INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM..................................                                                                                                                                 |  235 |
| WHERE YOU CAN FIND ADDITIONAL INFORMATION........................................................................                                                                                                          |  236 |
| INDEX TO CONSOLIDATED FINANCIAL STATEMENTS.....................................................................                                                                                                            |  F-1 |

Through and including , 2025 (the 25th day after the date of this prospectus), all dealers effecting transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to a dealer’s obligation to deliver a prospectus when acting as an underwriter and with respect to an unsold allotment or subscription. Neither we, the selling stockholders, nor the underwriters have authorized anyone to provide any information or to make any representations other than those contained in this prospectus or in any free

ii writing prospectuses prepared by or on behalf of us or to which we have referred you. Neither we, the selling stockholders, nor the underwriters take any responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. We and the selling stockholders are offering to sell, and seeking offers to buy, shares of Class A common stock only in jurisdictions where offers and sales are permitted. The information contained in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or of any sale of the shares of Class A common stock. Our business, financial condition, results of operations, and future growth prospects may have changed since that date. For investors outside the