Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 270

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 270
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 The number of authorized shares of

<div align='center'>183</div>

our preferred stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the voting stock, without a separate vote of the holders of the preferred stock, irrespective of the provisions of Section 242(b)(2) of the DGCL, unless a separate vote of the holders of one or more series is required pursuant to the terms of any applicable certificate of designation. Our board 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