Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 218

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 218
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ich includes the grant date fair value of an option award granted to him during fiscal 2025 under our 2015 Plan, computed in accordance with ASC 718. The assumptions used in the calculation of this amount is included in Note 10, “Equity Incentive Plan” to our consolidated financial statements included elsewhere in this prospectus. This amount does not necessarily correspond to the actual value that may be realized by Mr. Sindicich. See the section titled “—Equity-Based Incentive Awards” below for additional information.

The amounts reported with respect to Messrs. Cohen, Twig, and Sindicich include $812,921, $900,087 and $195,101, respectively, of aggregate incremental fair value in connection with the repricing of certain option awards on August 12, 2024, computed in accordance with ASC 718, as described below under “—Equity-Based Incentive Awards—Stock Option Repricing.” The assumptions used in the calculation of these amounts are included in Note 10, “Equity Incentive Plan” to our consolidated financial statements included elsewhere in this prospectus.

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(3) For each of the named executive officers, “All Other Compensation” reflects term life insurance premium payments by us.

(4) Mr. Twig was located in the United States for a portion of fiscal 2025, during which he was compensated in U.S. dollars, and in Israel for a portion of the year, during which he was compensated in ILS. The 1,571,250 ILS paid to Mr. Twig for the portion of the year he was located in Israel was converted to U.S. dollars at the average ILS to U.S. dollar conversion rate for the period from February 1, 2024 to January 1, 2025, which was .2711.

#### Employment Agreements
Prior to the completion of this offering, we intend to enter into offer letters setting forth the terms and conditions of employment for each of our named executive officers as described below.

#### Ariel Cohen
Prior to the completion of this offering, we intend to enter into a confirmatory offer letter with Mr. Cohen. The letter agreement is not expected to have a specific term and will provide that Mr. Cohen is an at-will employee. Mr. Cohen’s current annual base salary is $1,000,000, and his target bonus for fiscal 2026 is $400,000.

#### Ilan