Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 346

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 346
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     | $                         | 402,471 |
| Vested and expected to vest as of January 31, 2025 |     |                                     | 122,916,304 |     | $                                         | 4.27 |     |                                              | 7.0 |     |     | $                         | 402,471 |
| Exercisable as of January 31, 2025                 |     |                                     |  96,311,576 |     | $                                         | 3.91 |     |                                              |     | 6.5 |     | $                         | 349,174 |

The weighted-average grant date fair value of options granted during the years ended January 31, 2025 and 2024, were $3.96 and $3.59 per share, respectively. The intrinsic value of options exercised for the years ended January 31, 2025 and 2024 was $9.1 million and $6.0 million, respectively. The aggregate grant-date fair value of options that vested during the years ended January 31, 2025 and 2024 was $135.9 million and $73.8 million, respectively. As of January 31, 2025, there was approximately $135.0 million of unrecognized compensation cost related to unvested stock options granted, which is expected to be recognized over a weighted-average period of 2.3 years.

<div align='center'>F-34</div>

#### Restricted Stock Units
RSUs vest upon the satisfaction of both time-based service and performance-based conditions. The time-based service condition for these RSUs is generally four years. The performance-based vesting conditions are satisfied upon a liquidity event, defined as a change of control transaction or following the consummation of an initial public offering. Upon employee termination, RSUs that have satisfied the service condition remain outstanding until the earlier of a liquidity event or the expiration date, which is 10 years from the date of grant.

The following table summarizes the activity related to RSUs for the year ended January 31, 2025:

|                                         |     | Number of Shares Subject to RSUs |            |     | Weighted-Average Grant Date Fair Value |      |
|:----------------------------------------|:----|:---------------------------------|-----------:|:----|:---------------------------------------|-----:|
| Unvested balance as of January 31, 2024 |     |                                  |  2,847,353 |     |