Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 22

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 22
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hares of our Class A common stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Proposed Nasdaq trading symbol...............                     | “NAVN”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

The number of shares of our Class A common stock and Class B common stock that will be outstanding after this offering is based on 200,961,542 shares of our Class A common stock outstanding and 15,304,696 shares of our Class B common stock outstanding (after giving effect to the Capital Stock Conversion, the Class B Stock Exchange, the Note Conversion, the SAFE Conversion, the Warrant Exercises, and the RSU Net Settlement, and before giving effect to the Option Cash Exercise, each as defined below), as of July 31, 2025 , except otherwise stated, and excludes: • 41,581,733 shares of our Class A common stock issuable upon the exercise of stock options outstanding as of July 31, 2025 under our 2015 Equity Incentive Plan, or our 2015 Plan, with a weighted-average exercise price of $13.32 per share, of which 8,611,649 shares will be exchangeable for an equal number of shares of Class B common stock at the election of our co- founders upon exercise;

13 • 339,246 shares of our Class A common stock issuable upon the exercise of stock options granted after July 31, 2025 under our 2015 Plan with a weighted-average exercise price of $25.35 per share; • 7,942,200 shares of Class A common stock issuable upon the vesting and settlement of restricted stock units, or RSUs, outstanding as of the date of this prospectus subject to time-based service and/or performance-based conditions, for which (i) the service-based condition was not satisfied as of such date and (ii) the performance-based condition , if applicable , will be satisfied upon the effectiveness of the registration statement of which this prospectus forms a part, of which 1,742,147 shares will be exchangeable for an equal number of shares of Class B common stock at the election of our co-founders upon settlement ; • 40,160 shares of our Class A common stock issuable upon the exercise of warrants outstanding as of July 31, 2025, with an exercise price of $1.87 per share; • a number of shares of Class A common stock issuable upon the exercise of a stock option to be granted to an executive