Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 220

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 220
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 occurred between the vesting commencement date and Initial Vesting Event and (ii) an additional 1/16th of the total number of such RSUs thereafter on each subsequent March 20, June 20,

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September 20 and December 20, or each, a Quarterly Vesting Date, subject in each case to Mr. Sindicich’s continued service through each such vesting date.

The performance condition will be deemed satisfied as of the effective date of this offering.

#### Stock Option Repricing
In July 2024, our board of directors approved the repricing of certain outstanding stock options granted under the 2015 Plan pursuant to which the exercise price of certain options was reduced to $5.42 per share (the fair market value of our Class A common stock on the repricing date as determined by our board of directors). The number of shares of our Class A common stock underlying the options, the vesting schedules and the expiration dates, were unchanged. The incremental compensation expense associated with the repricing of the stock options held by our named executive officers is set forth in the “Option Awards” column of the Summary Compensation Table.

Our board of directors determined that the repricing was in the best interests of our company and stockholders and provided the most effective means of retaining and incentivizing our employees and the non-employee director who participated in the repricing.

The repricing affected the following stock options held by our named executive officers:

| Name              |     | Shares underlying repriced options |     | Exercise prices prior to repricing |     | Exercise price of repriced options |
| Ariel Cohen       |     |                          2,083,330 |     |                              $6.91 |     |                              $5.42 |
| Ilan Twig         |     |                          2,602,560 |     |                      $6.66 - $6.91 |     |                              $5.42 |
| Michael Sindicich |     |                            500,000 |     |                              $6.91 |     |                              $5.42 |

#### Outstanding Equity Awards at Fiscal 2025 Year-End
The following table presents, for each of our named executive officers, information regarding outstanding stock options and stock awards held as of January 31, 2025.

|                   |     |                           |     |            |     | Option Awards(1)                                                    |           |     |                                                                       |           |     |                             |        |     |                        |