Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 286

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 286
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 the preferred stock, irrespective of the provisions of Section 242(b)(2) of the DGCL, unless a separate vote of the holders of one or more series is required pursuant to the terms of any applicable certificate of designation. Our board of directors may authorize the issuance of preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the holders of our common stock. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring, or preventing a change in our control and might adversely affect the market price of our Class A common stock and the voting and other rights of the holders of our Class A common stock and Class B common stock. We have no current plan to issue any shares of preferred stock. Options As of July 31, 2025, we had outstanding options to purchase an aggregate of 41,581,733 shares of our Class A common stock under our 2015 Plan, with a weighted-average exercise price of $13.32 per share, of which 8,611,649 shares will be exchangeable for an equal number of shares of Class B common stock at the election of our co-founders upon exercise. Subsequent to July 31, 2025, we granted options to purchase an aggregate of 339,246 shares of our Class A common stock, with a weighted- average exercise price of $25.35 per share. Restricted Stock Units As of July 31, 2025, we had an aggregate of 7,771,766 shares of our Class A common stock outstanding subject to RSUs, pursuant to our 2015 Plan, of which 1,742,147 shares will be exchangeable for an equal number of shares of Class B common stock at the election of our co-founders. Subsequent to July 31, 2025, we have granted an aggregate of 2,250,259 shares of our Class A common stock subject to RSUs, pursuant to our 2015 Plan. 209 Warrants As of July 31, 2025, assuming the occurrence of the Warrant Determination, we had warrants outstanding to purchase 1,743,032 shares of our Class A common stock with a weighted-average exercise price of $0.07 per share. After giving effect to the Warrant Exercises in connection with the completion of this offering, warrants to purchase 40,160 shares of our Class A common stock