Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 411

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 411
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,526,948 |     |           — |
| Total antidilutive securities....................................................................................            |    216,787,753 |     | 207,530,553 |

NOTE 15 – SUBSEQUENT EVENTS Subsequent events have been evaluated through September 19, 2025, the date these unaudited condensed consolidated financial statements were available to be issued. Since July 31, 2025 and through the date these unaudited condensed consolidated financial statements were available to be reissued, we granted 339,246 stock options that vest over four years based on service-only conditions. We also granted 1,805,274 RSUs that vest upon the satisfaction of both a performance and a service condition, where the performance condition is satisfied by either a sale of the Company or following the effective date of an initial public offering, and the service condition is satisfied generally over a period of four years. In addition, we granted 444,985 RSUs which vest over four years based solely on service-only conditions. On September 18, 2025, the Company effected a one-for-three reverse stock split of its common stock and redeemable convertible preferred stock. All share and per share information has been retroactively adjusted to reflect the stock split for all periods presented. In September 2025, the Company’s Board of Directors approved the 2025 Equity Incentive Plan (the “2025 Plan”), which will become effective in connection with the IPO. In September 2025, the Company’s Board of Directors approved the 2025 Employee Stock Purchase Plan (the “2025 ESPP”), which will become effective in connection with the IPO.

II-1

PART II INFORMATION NOT REQUIRED IN PROSPECTUS ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION. The following table sets forth all costs and expenses to be paid by the Registrant, other than underwriting discounts and commissions, in connection with the sale of Class A common stock being registered hereby. All amounts shown are estimates except for the Securities and Exchange Commission, or the SEC, registration fee, the Financial Industry Regulatory Authority, or FINRA, filing fee and the listing fee:

|                                                                                                                                                             | Amount Paid orto be Paid |
| SEC registration fee...........................................................................................................................             |                 $153,968 |
| FINRA filing fee..................................................................................................................................          |                 $166,106 |
| Listing fee............................................................................................................................................     |                 $295,000 |
| Accounting fees and expenses........................................................................................................                        |