Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 289

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 289
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 conditions, each underwriter will severally agree to purchase the number of shares of Class A common stock indicated in the following table. Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the representatives of the underwriters.

| Underwriters                  |     | Number of Shares |
| Goldman Sachs & Co. LLC       |     |                  |
| Citigroup Global Markets Inc. |     |                  |
| Jefferies LLC                 |     |                  |
| Mizuho Securities USA LLC     |     |                  |
| Morgan Stanley & Co. LLC      |     |                  |
| BNP Paribas Securities Corp.  |     |                  |
| Citizens JMP Securities, LLC  |     |                  |
| Oppenheimer & Co. Inc.        |     |                  |
| MUFG Securities Americas Inc. |     |                  |
| Needham & Company, LLC        |     |                  |
| Academy Securities, Inc.      |     |                  |
| Loop Capital Markets LLC      |     |                  |
| Total                         |     |                  |

The underwriters will be committed to take and pay for all of the shares of Class A common stock being offered, if any are taken, other than the shares of Class A common stock covered by the option described below unless and until this option is exercised.

The underwriters will have an option to buy up to an additional shares of Class A common stock from us to cover sales by the underwriters of a greater number of shares of Class A common stock than the total number set forth in the table above. They may exercise that option for 30 days. If any shares of Class A common stock are purchased pursuant to this option, the underwriters will severally purchase shares of Class A common stock in approximately the same proportion as set forth in the table above.

The following table shows the per share and total underwriting discounts and commissions to be paid to the underwriters by us. Such amounts are shown assuming both no exercise and full exercise of the underwriters’ option to purchase additional shares of our Class A common stock.

|           |     | No Exercise |     | Full Exercise |
|:----------|:----|:------------|:----|:--------------|
| Per Share |     | $           |     | $             |
| Total     |     | $           |     | $             |

Shares of Class A common stock sold by the underwriters to the public will initially be offered at the initial public offering price set forth on the cover of this prospectus