Company: NAVN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001628279-25-000383
Chunk: 26

Company: Navan, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 26
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949 |     |              |     |   |     |                   |     |   |
| Total liabilities                      |     |                        |    969,732 |     |              |     |   |     |                   |     |   |
| Redeemable convertible preferred stock |     |                        |  1,301,121 |     |              |     |   |     |                   |     |   |
| Accumulated deficit                    |     |                        | -1,617,113 |     |              |     |   |     |                   |     |   |
| Total stockholders’ (deficit) equity   |     |                        | -1,186,899 |     |              |     |   |     |                   |     |   |

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(1) The pro forma column above reflects (i) the Capital Stock Conversion, (ii) the automatic conversion of the redeemable convertible preferred stock warrant to a Class A common stock warrant, and the resulting remeasurement and assumed reclassification of the redeemable convertible preferred stock warrant liability to additional paid-in capital, (iii) the Note Conversion, (iv) the SAFE Conversion, (v) stock-based compensation expense of $ million related to RSUs subject to the RSU Net Settlement, reflected as an increase to additional paid-in capital and accumulated deficit, as further described in Note 10, “Equity Incentive Plan” of our consolidated financial statements included elsewhere in this prospectus, (vi) the net issuance of shares of Class A common stock in connection with the RSU Net Settlement, after withholding shares to satisfy estimated tax withholding and remittance obligations of $ million (based on the assumed initial public offering price of $ per share, the midpoint of the price range set forth on the cover page of this prospectus, and an assumed % tax withholding rate), (vii) the $ million increase in liabilities and corresponding decrease in additional paid-in capital resulting from the share withholding for the tax withholding and remittance obligations related to the RSU Net Settlement, and (viii) the filing and effectiveness of our amended and restated certificate of incorporation, which will occur immediately prior to the closing of this offering.

(2) The pro forma as adjusted column above gives effect to (i) the pro forma adjustments set forth above and (ii) the sale and issuance by us of shares of our Class A common stock in this offering, based upon the assumed initial public offering price of $ per share, which is the midpoint of the offering price