Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 414

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 414
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, the Registrant issued a warrant to purchase up to 599,280 shares of its Class A common stock to an accredited investor at an exercise price of $0.03 per share. In November 2022, the Registrant issued 599,280 shares of its Class A common stock to the aforementioned accredited investor upon the exercise of the warrant. • Between July and September 2022, the Registrant sold an aggregate of 2,670,319 shares of its Series G redeemable convertible preferred stock and an aggregate of 1,441,963 shares of its Series G-1 redeemable convertible preferred stock to 14 accredited investors at a purchase price of $ 37.4487 per share for an aggregate purchase price of approximately $154.0 million.

II-3

• Between February 9, 2022 and April 20, 2022, the Registrant granted restricted stock awards to certain of its service providers to purchase an aggregate 101,858 shares of its Class A common stock under the 2015 Plan with per share purchase prices ranging from $0.6825 to $4.29. • The Registrant granted options to its directors, officers, employees, consultants, and other service providers to purchase an aggregate of 46,149,220 shares of its Class A common stock under the 2015 Plan with per share exercise prices ranging from $16.26 to $25.35 , and the Registrant issued 4,695,910 of its Class A common stock upon exercise of stock options under its 2015 Equity Incentive Plan, or 2015 Plan. • The Registrant granted to its employees, consultants, and other service providers an aggregate of 10,366,119 restricted stock units to be settled in shares of Class A common stock under the 2015 Plan. Unless otherwise stated, the sales of the above securities were deemed to be exempt from registration under the Securities Act in reliance upon Section 4(a)(2) of the Securities Act (or Regulation D or Regulation S promulgated thereunder), or Rule 701 promulgated under Section 3(b) of the Securities Act, or Rule 701, as transactions by an issuer not involving any public offering or pursuant to benefit plans and contracts relating to compensation as provided under Rule 701. The recipients of the securities in each of these transactions represented their intentions to acquire the securities for investment only and not with a view to or for sale in connection with any distribution thereof, and appropriate legends were