Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 310

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 310
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 insider trading policy and applicable securities laws, beginning at the opening of trading on the first trading day after the applicable 10-consecutive trading day period, up to 25% of the sum of (i) the aggregate number of outstanding shares of Class A common stock that are held by such Eligible Stockholder as of September 20, 2025, and (ii) the aggregate number of shares of Class A common stock subject to options, RSUs and/or securities convertible into or exchangeable or exercisable for shares of Class A common stock that were fully vested and were directly held by such Eligible Stockholder and fully vested as of September 20, 2025. The number of shares eligible for release in the first release period equals approximately 7.7 million shares, including approximately 5.5 million shares issuable upon exercise of vested options and settlement of RSUs. Subject to certain additional limitations, including those relating to public filings required to be or voluntarily made in connection with a transfer, the restrictions contained in the lock-up agreements do not apply to: i. transfers as bona fide gifts or charitable contributions, or for bona fide estate planning purposes; ii. transfers upon death by will, testamentary document, or the laws of intestate succession; 226 iii. transfers to immediate family members or to any trust for the direct or indirect benefit of the holder or the immediate family of the holder or, if the holder is a trust, to a trustor or beneficiary of the trust or the estate of a beneficiary of such trust; iv. transfers to a partnership, limited liability company, or other entity of which the holder and the immediate family of the holder are the legal and beneficial owner of all of the outstanding equity securities or similar interests; v. transfers to a nominee or custodian of a person or entity to whom a disposition or transfer would be permissible under clauses (i) through (iv) above; vi. transfers by a business entity (A) to an affiliated or controlled entity or (B) as part of a distribution to the holder’s stockholders, partners, members, or other equityholders or to the estate of any such stockholders, partners, members, or other equityholders; vii. transfers by operation of law, such as pursuant to a qualified domestic order, divorce settlement, divorce decree, or separation agreement; viii. transfers to us from one of our employees upon their death, disability, or termination of employment; ix. if the holder is not an executive officer or director,