Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 263

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 263
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 the approval or ratification of our audit committee or another independent body of our board of directors. In reviewing any related person transaction, our audit committee or another independent body of our board of directors will consider all relevant facts and circumstances, including (a) the risks, costs, and benefits to us, (b) the impact on a director’s independence where applicable, (c) the availability of comparable services or products and (d) the terms as compared to terms from unrelated third parties. The audit committee or other independent body of our board of directors will approve only those related party transactions that are in, or are not inconsistent with, our interests and the interests of our stockholders, as determined in the good faith exercise of its discretion. 194 PRINCIPAL AND SELLING STOCKHOLDERS The following table sets forth certain information with respect to the beneficial ownership of our common stock as of July 31, 2025 and as adjusted to reflect the sale of our Class A common stock in this offering assuming no exercise of the underwriters’ option to purchase additional shares, for: • each of our named executive officers; • each of our directors; • all of our current directors and executive officers as a group; • each person known by us to be the beneficial owner of more than 5% of the outstanding shares of our Class A or Class B common stock; and • each selling stockholder. We have determined beneficial ownership in accordance with the rules of the SEC, and the information is not necessarily indicative of beneficial ownership for any other purpose. Except as indicated by the footnotes below, we believe, based on information furnished to us, that the persons and entities named in the table below have sole voting and sole investment power with respect to all shares of common stock that they beneficially owned, subject to applicable community property laws. Applicable percentage ownership of our common stock before this offering is based on 200,961,542 shares of our Class A common stock and 15,304,696 shares of our Class B common stock outstanding, in each case, as of July 31, 2025, and assumes the occurrence of the Capital Stock Conversion, the Class B Stock Exchange (other than the shares to be sold by our co-founders and their affiliates in this offering), the Note Conversion, the SAFE Conversion, the Warrant Exercises, and the RSU Net Settlement. For purposes of the table below, we have assumed that 30,000,000 shares of Class A common stock will be issued in this offering