Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 130

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 130
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notes above and the related information in the balance sheet data are illustrative only and may differ from actual amounts based on, among other things, the actual initial public offering price and other terms of this offering determined at pricing, the actual tax withholding rates, the actual amount of RSUs settled in connection w ith this offering, and the actual number of shares of Class A common stock issued in the Note Conversion, the SAFE Conversion, and the Warrant Exercises. (2) The Vista Facility consists of $130.0 million of principal amount and $ 0.9 million of PIK interest, net of unamortized debt discount and issuance costs of $ 13.8 million. (3) Excludes amounts of “Other debt” as described in Note 7, “Debt” to our condensed consolidated financial statements. The number of shares of our Class A common stock and Class B common stock that will be outstanding after this offering, pro forma and pro forma as adjusted, in the table above, is based on 200,961,542 shares of our Class A common stock outstanding and 15,304,696 shares of our Class B common stock outstanding (after giving effect to the Capital Stock Conversion, the Class B Stock Exchange, the Note Conversion, the SAFE Conversion, the Warrant Exercises, and the RSU Net Settlement, and before giving effect to the Option Cash Exercise), as of July 31, 2025, except otherwise stated, and excludes: • 41,581,733 shares of our Class A common stock issuable upon the exercise of stock options outstanding as of July 31, 2025 under our 2015 Plan, with a weighted-average exercise price of $13.32 p er share, of which 8,611,649 shares will be exchangeable for an equal number of shares of Class B common stock at the election of our co-founders upon exercise; • 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