Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 294

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 294
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 Participation in Our Initial Public Offering In connection with our Series G and Series G-1 redeemable convertible preferred stock financing and our Series F redeemable convertible preferred stock financing, we entered into allocation agreements with an affiliated entity of Premji Invest and an affiliated entity of Greenoaks Capital Partners, referred to for this purpose as Greenoaks Capital Partners. Under these agreements, we agreed to use reasonable efforts to provide each of Premji Invest and Greenoaks Capital Partners with the right, but not the obligation, to purchase at the initial public offering price up to 5% of the shares sold in this offering. At our election, Premji Invest’s purchase may be made either through an allocation by the underwriters in this offering or in a concurrent private placement, while Greenoaks Capital Partners’ purchase may be made only through an allocation by the underwriters. Shares purchased by Premji Invest or Greenoaks Capital Partners pursuant to these rights will not be subject to any lock-up. The number of shares available for sale to the public will be reduced by any shares purchased pursuant to these rights, and any unpurchased shares will be offered to the public on the same basis as the other shares in this offering. Transfer Agent and Registrar Upon the completion of this offering, the transfer agent and registrar for our Class A common stock and Class B common stock will be Computershare Trust Company, N.A. The transfer agent’s address is 150 Royall Street, Canton, Massachusetts 02021. 214 Exchange Listing We have applied to list our Class A common stock on Nasdaq under the symbol “NAVN.”

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SHARES ELIGIBLE FOR FUTURE SALE Before this offering, there has been no public market for our Class A common stock, and we cannot predict the effect, if any, that market sales of shares of our Class A common stock or the availability of shares of our Class A common stock for sale will have on the market price of our Class A common stock prevailing from time to time. Nevertheless, sales of substantial amounts of our Class A common stock, including shares issued upon exercise of outstanding stock options, in the public market following this offering could adversely affect market prices prevailing from time to time and could impair our ability to raise capital through the sale of our equity securities. Upon the completion of this offering, based on the number of shares of our capital stock outstanding as of July 31, 2025, we will have a total of 230,961,542 shares of our Class A common stock outstanding and 15,