Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 24

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 24
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 the Note Conversion, the SAFE Conversion, and the RSU Net Settlement, each as defined below), in each case as of , 2025, and excludes:

• shares of our Class A common stock issuable upon the exercise of stock options outstanding as of , 2025 under our 2015 Equity Incentive Plan, or our 2015 Plan, with a weighted-average exercise price of $ per share, of which shares will be exchangeable for an equal number of shares of Class B common stock at the election of our co-founders upon exercise;

• shares of our Class A common stock issuable upon the exercise of stock options granted after , 2025 under our 2015 Plan with a weighted-average exercise price of $ per share, of which shares will be exchangeable for an equal number of shares of Class B common stock at the election of our co-founders upon exercise;

• 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 service-based 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;

• shares of our Class A common stock issuable upon the exercise of warrants to purchase shares of Class A common stock outstanding as of , 2025, with a weighted-average exercise price of $ per share;

• up to shares of our Class A common stock reserved for future issuance under our 2025 Equity Incentive Plan, or the 2025 Plan, which will become effective on the day before the date of the underwriting agreement for this offering, consisting of new shares and up to shares underlying outstanding awards granted under our 2015 Plan that, after the date the 2025 Plan becomes effective, either are not issued (due to the awards expiring or being settled in cash), are forfeited or repurchased due to failure to vest, or are withheld to satisfy the exercise, strike, or purchase price or tax withholding obligations; and

• shares of our Class A common stock reserved for future issuance under our 2025 Employee Stock Purchase Plan, which will become effective in connection with this offering.

Unless otherwise noted, the information in this prospectus reflects and assumes the following:

• shares of our redeemable convertible preferred stock outstanding as of , 2025 that will automatically