Company: NAVN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001628279-25-000383
Chunk: 264

Company: Navan, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 264
---
 of directors may authorize the issuance of preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the holders of our common stock. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring, or preventing a change in our control and might adversely affect the market price of our Class A common stock and the voting and other rights of the holders of our Class A common stock and Class B common stock. We have no current plan to issue any shares of preferred stock.

#### Options
As of , 2025, we had outstanding options to purchase an aggregate of shares of our Class A common stock under our 2015 Plan, with a weighted-average exercise price of $ per share, of which shares will be exchangeable for an equal number of shares of Class B common stock at the election of our co-founders upon exercise.

#### Restricted Stock Units
As of , 2025, we had an aggregate of shares of our Class A common stock outstanding subject to RSUs, pursuant to our 2015 Plan, of which shares will be exchangeable for an equal number of shares of Class B common stock at the election of our co-founders. Subsequent to , 2025, we have granted an aggregate of shares of our Class A common stock subject to RSUs, pursuant to our 2015 Plan.

#### Warrants
As of , 2025, we had warrants outstanding to purchase shares of our Class A common stock at an exercise price of $ per share.

#### Cohen Voting Proxy
In August 2024, Ariel Cohen, our co-founder and Chief Executive Officer and chairperson of our board of directors, entered into an irrevocable proxy agreement with his former spouse, pursuant to which Mr. Cohen holds sole voting authority over the shares of our common stock beneficially owned by, or to be issued in the future to, her. Under the terms of the agreement, Mr. Cohen may vote these shares in his sole discretion on all matters submitted to a vote of our stockholders, for so long as he remains our employee, director, other service provider or stockholder. The proxy is irrevocable and is intended to remain in effect unless terminated upon Mr. Cohen’s death or disability, our dissolution, or Mr. Cohen’s written consent.

#### Registration Rights
Following the completion of this offering, certain holders of shares of our Class A common stock or their permitted transfere