Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 122

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 122
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 (decrease) in the assumed tax withholding rates would increase (decrease) the amount of estimated tax withholding and remittance obligations related to the RSU Net Settlement and decrease (increase) as adjusted cash and cash equivalents, total stockholders’ (deficit) equity and capitalization by $ , assuming that the assumed initial public offering price remains the same, that the number of shares of Class A common stock offered by us, as set forth on the cover page of this prospectus, remains the same, and after deducting underwriting discounts and commissions. Each $1.00 increase (decrease) in the assumed initial public offering price per share of $ , which is the midpoint of the offering price range set forth on the cover page of this prospectus, would increase (decrease) the amount of estimated tax withholding and remittance obligations related to the RSU Net Settlement and decrease (increase) as adjusted cash and cash equivalents, total stockholders’ (deficit) equity and capitalization by $ , assuming that the tax withholding rate remains the same, that the number of shares of Class A common stock offered by us, as set forth on the cover page of this prospectus, remains the same, and after deducting underwriting discounts and commissions. Pro forma adjustments in the footnotes above and the related information in the balance sheet data are illustrative only and may differ from actual amounts based on, among other things, the actual initial public offering price and other terms of this offering determined at pricing, the actual tax withholding rates, as well as the actual amount of RSUs settled in connection with this offering.

(2) ABL Facility consists of $100 million of principal amount under a revolving credit facility, net of unamortized debt issuance costs of $ million.

(3) Vista Facility consists of $130 million of principal amount, net of unamortized debt discount and issuance costs of $ million.

(4) Represents $155 million in proceeds received upon issuing SAFEs, including fair value adjustments of $ million.

(5) Includes $ million related to redeemable convertible preferred stock warrant liability.

The number of shares of our Class A common stock and Class B common stock that will be outstanding after this offering is based on shares of our Class A common stock outstanding and shares of our Class B common stock outstanding (after giving effect to the Capital Stock Conversion, the Note Conversion, the SAFE Conversion, and the RSU Net Settlement), in each case as of , 2025, and excludes:

• shares of our Class