Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 257

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 257
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 to advance expenses incurred by our directors, officers, and key employees for the defense of any action for which indemnification is required or permitted. We believe that these provisions in our amended and restated certificate of incorporation and indemnification agreements are necessary to attract and retain qualified persons such as directors, officers, and key employees. We also maintain directors’ and officers’ liability insurance. The limitation of liability and indemnification provisions in our amended and restated certificate of incorporation and amended and restated bylaws may discourage stockholders from bringing a lawsuit against our directors and officers for breaches of their fiduciary duties. They may also reduce the likelihood of derivative litigation against our directors and officers, even though an action, if successful, 189 might benefit us and other stockholders. Further, a stockholder’s investment may be adversely affected to the extent that we pay the costs of settlement and damage awards against directors and officers as required by these indemnification provisions. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, executive officers or persons controlling us, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

190

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Series G and Series G-1 Redeemable Convertible Preferred Stock Financing Between July and September 2022, we sold an aggregate of 2,670,319 shares of our Series G redeemable convertible preferred stock and 1,441,963 shares of our Series G-1 redeemable convertible preferred stock, at a purchase price of $37.4487 per share for an aggregate purchase price of approximately $154.0 million. Each share of our Series G and Series G-1 redeemable convertible preferred stock will convert automatically into one share of our Class A common stock upon the completion of this offering. The following table summarizes the Series G and Series G-1 redeemable convertible preferred stock purchased by entities affiliated with certain of our directors and holders of more than 5% of our outstanding capital stock:

| Stockholder                                                                     |     | Shares ofSeries GRedeemableConvertiblePreferred Stock |     | Shares ofSeries G-1RedeemableConvertiblePreferred Stock |     | Total PurchasePrice(1) |
| Entities affiliated with Andreessen Horowitz(2).......................          |     |                                                     — |     |                                                 400,547 |     |            $14,999,989 |
| Entities affiliated with Lights