Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 135

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 135
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 of the total number of shares of our Class A common stock and Class B common stock outstanding immediately after the completion of this offering, and will increase the number of shares held by new investors to 36,924,406 shares, or 15% of the total number of shares of our common stock outstanding immediately after the completion of this offering. A $1.00 increase (decrease) in the assumed initial public offering price of $25.00 per share, which is the midpoint of the offering price range set forth on the cover page of this prospectus, would increase (decrease) total consideration paid by new investors and total consideration paid by all stockholders by approximately $28.3 million, assuming that the number of shares offered by us and the selling stockholders, as set forth on the cover page of this prospectus remains the same and after deducting the underwriting discounts and commissions. Except as otherwise indicated, the above discussion and tables assume no exercise of the underwriters’ option to purchase additional shares. If the underwriters’ option to purchase additional shares is exercised in full, our existing stockholders would own 86% and our new investors would own 14% of the total number of shares of our Class A common stock outstanding upon completion of this offering.

91 In addition, to the extent we issue any additional stock options or restricted stock units, any outstanding stock options or warrants are exercised, any restricted stock units vest and settle, or we issue any other securities or convertible debt in the future, investors will experience further dilution. The foregoing tables and calculations (other than the historical net tangible book value calculations) are based on 200,961,542 shares of our Class A common stock outstanding and 15,304,696 shares of our Class B common stock outstanding (after giving effect to the Capital Stock Conversion, the Class B Stock Exchange, the Note Conversion, the SAFE Conversion, the Warrant Exercises, and the RSU Net Settlement, and before giving effect to the Option Cash Exercise), as of July 31, 2025, except otherwise stated, and excludes : • 41,581,733 shares of our Class A common stock issuable upon the exercise of stock options outstanding as of July 31, 2025 under our 2015 Plan, with a weighted-average exercise price of $13.32 per share, of which 8,611,649 shares will be exchangeable for an equal number of shares of Class B common stock at the election of our co-founders upon exercise;