Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 307

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 307
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 Treasury Regulations have been released that, if finalized in their present form, would eliminate the FATCA withholding of 30% applicable to gross proceeds from sales or other dispositions of our Class A common stock (other than amounts treated dividends). The preamble to the proposed U.S. Treasury Regulations states that taxpayers generally may rely on them until final U.S. Treasury Regulations are issued. Prospective investors should consult their tax advisors regarding the potential application of withholding taxes under FATCA to their investment in our Class A common stock. EACH PROSPECTIVE INVESTOR SHOULD CONSULT ITS OWN TAX ADVISOR REGARDING THE TAX CONSEQUENCES OF ACQUIRING, OWNING, AND DISPOSING OF OUR CLASS A COMMON STOCK, INCLUDING THE CONSEQUENCES OF ANY PROPOSED CHANGE IN APPLICABLE LAW, AS WELL AS TAX CONSEQUENCES ARISING UNDER ANY STATE, LOCAL, NON-U.S. OR U.S. FEDERAL NON-INCOME TAX LAWS SUCH AS ESTATE AND GIFT TAX, AND THE POSSIBLE APPLICATION OF TAX TREATIES.

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UNDERWRITING We, the selling stockholders and the underwriters named below will enter into an underwriting agreement with respect to the shares of Class A common stock being offered. Subject to certain conditions, each underwriter will severally agree to purchase the number of shares of Class A common stock indicated in the following table. Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the representatives of the underwriters.

| Underwriters                                                                                                                                        |     | Number ofShares |
| Goldman Sachs & Co. LLC............................................................................................................                 |     |                 |
| Citigroup Global Markets Inc..........................................................................................................              |     |                 |
| Jefferies LLC.....................................................................................................................................  |     |                 |
| Mizuho Securities USA LLC...........................................................................................................                |     |                 |
| Morgan Stanley & Co. LLC..............................................................................................................              |     |                 |
| BNP Paribas Securities Corp.........................................................................................................                |     |                 |
| Citizens JMP Securities, LLC.........................................................................................................               |     |                 |
| Oppenheimer & Co. Inc...................................................................................................................            |     |                 |
| MUFG Securities Americas Inc.......................................................................................................                 |     |                 |
| Needham & Company, LLC...........................................................................................................                   |     |                 |
| BTIG, LLC.........................................................................................................................................  |     |                 |
| Loop Capital Markets LLC...............................................................................................................             |     |                 |
| Academy Securities, Inc................................................................