Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 124

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 124
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 the election of our co- founders upon exercise; • 339,246 shares of our Class A common stock issuable upon the exercise of stock options granted after July 31, 2025 under our 2015 Plan with a weighted-average exercise price of $25.35 per share; • 6,180,957 shares of Class A common stock issuable upon the vesting and settlement of RSUs outstanding as of the date of this prospectus subject to time-based service and/or performance- based conditions, for which (i) the service-based condition was not satisfied as of such date and (ii) the performance-based condition, if applicable, will be satisfied upon the effectiveness of the registration statement of which this prospectus forms a part, 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 upon settlement; • shares of our Class A common stock issuable upon the exercise of warrants to purchase shares of Class A common stock outstanding as of July 31, 2025, with a weighted-average exercise price of $ per share; 85 • shares of Class A common stock issuable upon the exercise of a stock option to be granted to an executive officer immediately following pricing of this offering, which will be subject to a time-based service vesting condition, with an exercise price equal to the initial public offering price per share set forth on the cover page of this prospectus, with such number of shares calculated using the Black-Scholes option-pricing model 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 (with the actual number of shares underlying such stock option to be calculated using the actual public offering price per share); • up to shares of our Class A common stock reserved for future issuance under our 2025 Equity Incentive Plan, or the 2025 Plan, which will become effective upon the effectiveness of the registration statement of which this prospectus forms a part, consisting of new shares and up to shares underlying outstanding awards granted under our 2015 Plan that, after the date the 2025 Plan becomes effective, either are not issued (due to the awards expiring or being settled in cash), are forfeited or repurchased due to failure to vest, or are withheld to satisfy the exercise, strike, or purchase price or tax withholding obligations ; and • shares of our Class A common stock reserved for future issuance under