Company: NAVN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001628279-25-000383
Chunk: 336

Company: Navan, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 336
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,454 |
| Prepaid expenses and other current assets                  |     | $                 |   1,001 |     | $    |       — |
| Other non-current assets                                   |     | $                 |      83 |     | $    |     360 |
| Accrued expenses and other current liabilities held by VIE |     | $                 |   1,552 |     | $    |   1,692 |
| Warehouse Credit Facility                                  |     | $                 | 214,238 |     | $    | 206,404 |

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(1) Corporate card receivables as of January 31, 2025 and 2024 represent pledged customer receivables from Navan, Inc. to Liquid Labs.

#### NOTE 10 – EQUITY INCENTIVE PLAN

#### 2015 Equity Incentive Plan
In 2015, the Company’s Board of Directors (the “Board of Directors”) approved the adoption of the 2015 Equity Incentive Plan (the “Plan”). The Plan provides for the grant of incentive and nonstatutory stock options to employees, non-employee directors and consultants of the Company. Options granted

<div align='center'>F-31</div>

under the Plan continue to vest until the last day of employment and generally vest over four years and expire 10 years from the date of grant.

Under the Plan, 761,757,000 shares of common stock have been authorized for issuance and 16,451,535 shares of common stock remain available for issuance as of January 31, 2025. During the year ended January 31, 2025, the Board of Directors approved an increase of 14,300,000 shares reserved for issuance, for a total of 194,135,100 shares reserved under the Plan.

The exercise price of options granted under the Plan must be at least equal to 100% of the fair value of the Company’s common stock at the date of grant as determined by the Board of Directors. During the years ended January 31, 2025 and 2024, no options have been granted to purchase stock at a price less than its fair value as determined by the Board of Directors at the time of grant.

#### Early Exercise of Common Stock
#### —

Certain stock options granted under the Plan provide option holders the right to elect to exercise unvested options in exchange for shares of common stock. Such unvested shares of common stock are subject to