Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 136

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 136
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 • 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 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 officer immediately following pricing of this offering, which will be subject to a time-based service vesting condition, with an exercise price equal to the initial public offering price per share set forth on the cover page of this prospectus, with such number of shares having a grant date value of $9.325 million and to be calculated based on the Black-Scholes option- pricing model; • up to 82,887,502 shares of our Class A common stock reserved for future issuance under the 2025 Plan, which will become effective upon the effectiveness of the registration statement of which this prospectus forms a part, consisting of 35,000,000 new shares and up to 47,887,502 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 • 5,000,000 shares of our Class A common stock reserved for future issuance under the 2025 ESPP which will become effective in connection with this offering. Our 2025 Plan and 2025 ESPP provide for annual automatic increases in the