Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 264

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 264
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. In computing the number of shares of common stock beneficially owned by a person and the percentage ownership of that person, we deemed to be outstanding all shares of common stock subject to options and RSUs held by that person or entity that are currently exercisable or subject to settlement or that will become exercisable or subject to settlement within 60 days of July 31, 2025, including the performance-based vesting condition, which will be satisfied upon the effectiveness of the registration statement of which this prospectus forms a part, and after giving effect to the RSU Net Settlement, assuming the applicable estimated tax withholding rate set forth above. In addition, we have assumed the exchange, pursuant to the Equity Exchange Rights, of all shares of Class A common stock receivable upon exercise of stock options held by our co-founders, and that are exercisable within 60 days of July 31, 2025. We did not deem these shares outstanding, however, for the purpose of computing the percentage ownership of any other person. In addition, the actual share withholding amounts and related tax withholding rates, as well as the actual number of shares of Class A common stock issued in the Note Conversion, the SAFEs Conversion, and the Warrant Exercises, will fluctuate based on, among other things, the actual initial public offering price per share in this offering and actual withholding rates, as applicable. As a result, the number of shares beneficially owned by any holder included in the table below may fluctuate.

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Unless otherwise indicated, the address of each beneficial owner in the table below is c/o Navan, Inc., 3045 Park Boulevard, Palo Alto, California 94306.

|                                                                                                               |     | Shares Beneficially Owned Prior to this Offering |     |      |     |            |     |      |     |                        |     | Shares ofClass ACommonStockBeingOffered |         | Shares Beneficially Owned Following this Offering |     |        |         |            |     |      |                        |      |
|                                                                                                               |     |                                          Class A |     |      |     |    Class B |     |      |     | % ofTotalVotingPower** |     |                                         | Class A |                                                   |     |        | Class B |            |     |      | % ofTotalVotingPower** |      |
| Name of BeneficialOwner                                                                                       |     |                                           Number |     |    % |     |     Number |     |    % |     |                        |