Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 256

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 256
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 be deemed to have voting and investment power over, (v) shares of Class B common stock held by the Lihi Cohen Non-Exempt Trust dated May 14, 2022, of which Mr. Cohen may be deemed to have voting and investment power over, (vi) shares of Class B common stock held by the Shai Cohen Non-Exempt Trust dated May 14, 2022, of which Mr. Cohen may be deemed to have voting and investment power over, (vii) shares of Class B common stock held by the Sivan Cohen Non-Exempt Trust dated May 14, 2022, of which Mr. Cohen may be deemed to have voting and investment power over, and (viii) shares underlying stock options to purchase shares of Class A common stock that are exchangeable for shares of Class B common stock pursuant to the Equity Exchange Rights and that are exercisable within 60 days of , 2025. (2) Consists of (i) shares of Class B common stock held by The Ilan Twig Living Trust, of which Mr. Twig is the trustee, (ii) shares of Class B common stock held by The Ilan Twig Irrevocable Gift Trust, of which Mr. Twig may be deemed to have voting and investment power over, and (iii) shares underlying stock options to

193 purchase shares of Class A common stock that are exchangeable for shares of Class B common stock pursuant to the Equity Exchange Rights and that are exercisable within 60 days of , 2025. (3) Consists of (i) shares of Class A common stock, and (ii) shares underlying stock options to purchase shares of Class A common stock that are exercisable within 60 days of , 2025. (4) Consists of shares of Class A common stock held by entities affiliated with Andreessen Horowitz, as reflected in footnote 11, below. Mr. Horowitz, a member of our board of directors, is a general partner of Andreessen Horowitz, and therefore, may be deemed to share voting and investment power with regard to the shares held directly by Andreessen Horowitz. The address for Mr. Horowitz is c/o Andreessen Horowitz, 2865 Sand Hill Road, Suite 101, Menlo Park, CA 94025. (5) Consists of shares of Class A common stock held by entities affiliated with Lightspeed Venture Partners, as reflected in footnote 10, below. Mr. Janmoh