Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 249

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 249
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 the extent that we pay the costs of settlement and damage awards against directors and officers as required by these indemnification provisions. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, executive officers or persons controlling us, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

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CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Series G and Series G-1 Redeemable Convertible Preferred Stock Financing Between July and September 2022, we sold an aggregate of 2,670,319 shares of our Series G redeemable convertible preferred stock and 1,441,963 shares of our Series G-1 redeemable convertible preferred stock, at a purchase price of $37.4487 per share for an aggregate purchase price of approximately $154.0 million. Each share of our Series G and Series G-1 redeemable convertible preferred stock will convert automatically into one share of our Class A common stock upon the completion of this offering. The following table summarizes the Series G and Series G-1 redeemable convertible preferred stock purchased by entities affiliated with certain of our directors and holders of more than 5% of our outstanding capital stock:

| Stockholder                                                                     |     | Shares ofSeries GRedeemableConvertiblePreferred Stock |     | Shares ofSeries G-1RedeemableConvertiblePreferred Stock |     | Total PurchasePrice(1) |
| Entities affiliated with Andreessen Horowitz(2).......................          |     |                                                     — |     |                                                 400,547 |     |            $14,999,989 |
| Entities affiliated with Lightspeed Venture Partners(3)..........               |     |                                                     — |     |                                                 400,544 |     |            $14,999,952 |
| Entities affiliated with Zeev Ventures(4)...................................    |     |                                                     — |     |                                                 133,515 |     |             $4,999,988 |
| Entities affiliated with Premji Invest(5)...................................... |     |                                             2,670,319 |     |                                                       — |     |            $99,999,988 |

_______________ (1) As a result of adjustments for the one-for-three reverse stock split effected on September 18, 2025 and rounding, the number of shares sold times the purchase price per share may not equal the actual total purchase price received listed in the table. (2