Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 3

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 3
---
 pursuant to their equity exchange rights, as described further under the section titled “Prospectus Summary—The Offering.” As a result, our co-founders, together, may have significant influence over the outcome of matters submitted to our stockholders for approval, including the election of our directors and the approval of any change of control transaction.

We are an “emerging growth company” as defined under the federal securities laws, and as such, we have elected to comply with certain reduced reporting requirements for this prospectus and may elect to do so in future filings.

#### See “

#### Risk Factors

#### ” beginning on page

#### 20
to read about factors you should consider before buying shares of our Class A common stock.

Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.

|                                                        |     | Per Share |     | Total |
|:-------------------------------------------------------|:----|:----------|:----|:------|
| Initial public offering price                          |     | $         |     | $     |
| Underwriting discount(1)                               |     | $         |     | $     |
| Proceeds, before expenses, to us                       |     | $         |     | $     |
| Proceeds, before expenses, to the selling stockholders |     | $         |     | $     |

_______________

(1) See the section titled “Underwriting” for a description of the compensation payable to the underwriters.

The underwriters have the option for a period of 30 days to purchase up to an additional shares of Class A common stock from us at the initial public offering price less underwriting discount.

The underwriters expect to deliver the shares of Class A common stock against payment in New York, New York on , 2025.

| Goldman Sachs & Co. LLC |     | Citigroup |

| Jefferies |     | Mizuho |     | Morgan Stanley |

| BNP PARIBAS |     | Citizens Capital Markets |     | Oppenheimer & Co. |     | MUFG |     | Needham & Company |

| Loop Capital Markets |     | Academy Securities |

<div align='center'>Prospectus dated , 2025.</div>

#### Table of Contents
|                                                                                               |     | Page |
| GLOSSARY OF TERMS                                                                             |     |  iii |
| LETTER FROM OUR CO-FOUNDERS