Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 227

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 227
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2021, we granted Ms. Liang an option to purchase 6,666 shares of Class A common stock as compensation for certain consulting services provided to us, which option was fully vested as of January 31, 2025. Director Compensation for Fiscal 2025 Our employee directors, Messrs. Cohen and Twig, and Ms. Butte, who served on our board of directors during a portion of fiscal 2025 and now serves as our Chief Financial Officer, did not receive any compensation for their service as directors for fiscal 2025. All compensation paid to Messrs. Cohen and Twig is set forth above in the section titled “Executive Compensation—Summary Compensation Table.” Other than as disclosed in the table below, we did not pay any fees to, make any equity awards or non-equity incentive awards to, or pay any other compensation to the non-employee directors of our board of directors in fiscal 2025:

| Name                                                                                          |     | Stock Awards($) |     | Option Awards($)(2) |     | Total ($) |
| Ben Horowitz...............................................................................   |     | —               |     |                   — |     |         — |
| Arif Janmohamed.......................................................................        |     | —               |     |                   — |     |         — |
| Clara Liang.................................................................................. |     | —               |     |              59,661 |     |    59,661 |
| Michael Kourey(1)........................................................................     |     | —               |     |                   — |     |         — |
| Sandesh Patnam........................................................................        |     | —               |     |                   — |     |         — |
| Anré Williams..............................................................................   |     | —               |     |                   — |     |         — |
| Oren Zeev.................................................................................... |     | —               |     |                   — |     |         — |

______________ (1) On October 16, 2024, Mr. Kourey was granted a RSU award under our 2015 Plan subject to a performance- based vesting condition and time-based service vesting conditions. As of the applicable grant date and January 31, 2025, we had not recognized stock-based compensation expense for this award because achievement of the performance-based vesting condition was not deemed probable as of any such date. As a result, no value is included in the table for this award. Assuming achievement of the performance-based vesting condition, the aggregate grant