Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 405

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 405
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 as of July 31, 2025................................................................                     |                        629,117 |     |                                $23.14 |

During the six months ended July 31, 2025 , the Company recognized $1.3 million of stock-based compensation expense for these RSUs. No stock-based compensation expense was recognized for RSUs with service-only conditions during the six months ended July 31, 2024 . As of July 31, 2025 , there was approximately $13.2 million of unrecognized compensation cost related to these unvested RSUs, which is expected to be recognized over a weighted-average period of 3.6 years . Stock-based Compensation Expense Stock-based compensation is included in the following components of expenses within the condensed consolidated statements of operations (in thousands):

|                                                                                                                        | Six Months Ended July 31, |     |         |
|                                                                                                                        |                      2025 |     |    2024 |
| Cost of revenue....................................................................................................... |                    $1,902 |     |  $1,842 |
| Research and development..................................................................................             |                    14,371 |     |  13,619 |
| Sales and marketing...............................................................................................     |                     7,738 |     |   7,614 |
| General and administrative...................................................................................          |                    11,898 |     |  11,838 |
| Total stock-based compensation expense, net of amounts capitalized....                                                 |                   $35,909 |     | $34,913 |
| Capitalized stock-based compensation...............................................................                    |                     1,395 |     |   1,096 |
| Total stock-based compensation cost............................................................                        |                   $37,304 |     | $36,009 |

F-74 NAVAN, INC. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (unaudited)

NOTE 10 – STOCKHOLDERS’ DEFICIT Redeemable Convertible Preferred Stock The Company’s authorized, issued and outstanding redeemable convertible preferred stock (collectively, the “Preferred Stock”) consisted of the following (in thousands, except price per share amounts and share data):

|                                            | As of July 31, 2025 and January 31, 2025 |     |                             |     |                                 |     |                   |     |                |
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