Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 225

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 225
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) of Regulation S-K promulgated under the Securities Act. This designation does not, however, impose on them any supplemental duties, obligations or liabilities beyond those that are generally applicable to the other members of our audit committee and board of directors. Our audit committee’s principal functions are to assist our board of directors in its oversight of: • selecting a firm to serve as our independent registered public accounting firm to audit our consolidated financial statements; • ensuring the independence of the independent registered public accounting firm; • discussing the scope and results of the audit with the independent registered public accounting firm, and reviewing, with management and that firm, our interim and year-end results of operations ; • establishing procedures for employees to anonymously submit concerns about questionable accounting or audit matters; • considering the adequacy of our internal controls and internal audit function; • reviewing related party transactions that are material or otherwise implicate disclosure requirements; • approving, or as permitted, pre-approving all audit and non-audit services to be performed by the independent registered public accounting firm; and • reviewing legal and regulatory compliance matters, including risks related to data privacy, information security, and cybersecurity. Compensation Committee Our compensation committee is composed of Ben Horowitz, Michael Kourey, and Clara Liang. Mr. Horowitz is the chair of our compensation committee. The members of our compensation committee meet the independence requirements under Nasdaq listing standards and SEC rules. Each member of this 169 committee is also a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act. Our compensation committee is responsible for, among other things: • reviewing and approving, or recommending that our board of directors approve, the compensation of our executive officers; • reviewing and recommending to our board of directors the compensation of our non-employee directors; • reviewing and recommending to our board of directors the terms of any compensatory agreements with our executive officers; • administering our stock and equity incentive plans; • reviewing and approving, or making recommendations to our board of directors with respect to, incentive compensation and equity plans; and • establishing our overall compensation philosophy. Nominating and Governance Committee Our nominating and governance committee is composed of Clara Liang and Anré Williams. Mr. Williams is the chair of our nominating and governance committee. The members of our nominating and governance committee meet the independence requirements under Nasdaq listing standards and SEC rules. Our nominating and governance committee’s principal functions include: • identifying and recommending candidates for membership on our board of directors; • recommending directors to serve