Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 29

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 29
---
_______________ (1) Represents the sum of (i) 1,643,577 IPO Vesting RSUs, which consist of RSUs outstanding as of the date of this prospectus for which the service-based condition was satisfied as of such date and for which the performance- based condition will be satisfied upon the effectiveness of the registration statement of which this prospectus forms a part, and including RSUs that will be part of the RSU Net Settlement, and (ii) 7,942,200 RSUs outstanding as of the date of this prospectus, for which the service-based condition was not satisfied as of such date but for which the performance-based condition, if applicable , will be satisfied upon the effectiveness of the registration statement of which this prospectus forms a part. (2) The number of shares of Class A common stock issuable in connection with the Capital Stock Con version, the SAFE Warrant Exercise (and related Warrant Determination), the Note Conversion, and the SAFE Conversion will fluctuate depending on, among other things, the actual initial public offering price determined at pricing of this offering, as described in more detail earlier in this “The Offering” section. (3) Represents shares of Class A common stock to be withheld to satisfy tax obligations in connection with the RSU Net Settlement. The number of shares of Class A common stock actually withheld may fluctuate depending on, among other things, the actual initial public offering price and other terms of this offering determined at pricing of this offering, actual forfeitures through the date of this prospectus, and actual tax withholding rates, as further described under the section titled “—RSU Net Settlement.”

18 SUMMARY CONSOLIDATED FINANCIAL AND OTHER DATA The following tables summarize our consolidated financial and other data as of the dates and for the periods indicated. We derived our summary consolidated statements of operations data for the fiscal years ended January 31, 2025 and 2024 (except for pro forma basic and diluted net loss per share attributable to common stockholders and weighted-average shares used in computing pro forma basic and diluted net loss per share attributable to common stockholders) and our summary consolidated balance sheet data as of January 31, 2025 from our audited consolidated financial statements included elsewhere in this prospectus. The summary consolidated statements of operations data for the six months ended July 31, 2025 and 2024 (except for pro forma basic and diluted net loss per share attributable to common stockholders and weighted-average shares used in computing pro forma basic and diluted