Company: NAVN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001628279-25-000383
Chunk: 326

Company: Navan, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 326
---
 $                      |    806 |     | $ |    284 |

<div align='center'>F-23</div>

During the year ended January 31, 2024, we agreed to an early termination of our office lease in Dallas, Texas and paid an aggregate of $5.5 million in early termination fees. The early termination is treated as a lease modification in the supplemental cash flow information included in the above table.

Supplemental disclosure information related to leases was as follows:

|                                                            |     | As of January 31, |      |           |     |      |      |           |
|                                                            |     |              2025 |      |           |     | 2024 |      |           |
| Weighted-average remaining lease term for operating leases |     |                   |      | 5.4 years |     |      |      | 6.5 years |
| Weighted-average discount rate                             |     |                   | 11.1 | %         |     |      | 11.2 | %         |

Maturities of lease liabilities as of January 31, 2025 were as follows (in thousands):

| Year Ended January 31,          
 2026                            |     | Amount |  16,562 |
|:--------------------------------|:----|:-------|--------:|
| 2027                            |     |        |  12,977 |
| 2028                            |     |        |  12,225 |
| 2029                            |     |        |   9,306 |
| 2030                            |     |        |   7,782 |
| Thereafter                      |     |        |  13,428 |
| Total lease payments            |     |        |  72,280 |
| Less: imputed interest          |     |        | -17,793 |
| Present value of lease payments |     | $      |  54,487 |

### NOTE 6 – BUSINESS COMBINATIONS

#### Shorebird Technologies Private Limited
On May 17, 2023, we acquired all of the outstanding stock of Shorebird Technologies Private Limited (Tripeur), an Indian-based travel management company for an aggregate purchase price of $7.2 million paid in cash. The acquisition was accounted for as a business combination and is expected to increase our market share as a provider of travel, corporate card and expense management solutions in India. Acquisition costs related to the Tripeur acquisition were approximately $