Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 283

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 283
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 would be able to be sold in compliance with the Rule 144 limitations described below. The remaining outstanding shares of our Class A common stock and Class B common stock will be, and the shares underlying outstanding RSUs and shares subject to outstanding stock options will be upon issuance, deemed “restricted securities” as defined in Rule 144. Restricted securities may be sold in the public market only if they are registered under the Securities Act or if they qualify for an exemption from registration under Rule 144 or Rule 701 promulgated under the Securities Act, which rules are summarized below.

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As a result of the lock-up agreements described below and the provisions of our IRA described in the section titled “Description of Capital Stock—Registration Rights,” and subject to the provisions of Rule 144 or Rule 701, these restricted securities will be available for sale in the public market as follows:

In addition, after this offering, up to shares of Class A common stock and up to shares of Class B common stock may be issued upon exercise of outstanding stock options or vesting and settlement of outstanding RSUs as of July 31, 2025, and shares of Class A common stock are available for future issuance under our 2025 Plan and our 2025 ESPP. Lock-Up Agreements and Market Standoff Provisions We and all of our directors and executive officers, the selling stockholders, and other holders of substantially all of our outstanding common stock and securities exercisable for or convertible into our Class A common stock or Class B common stock, have entered or will enter into agreements with the underwriters that restrict our and their ability to sell or transfer shares of our common stock or any options or warrants to purchase any shares of our common stock, or any securities convertible into, exchangeable for or that represent the right to receive shares of our common stock, such shares of common stock, options, rights, warrants or other securities, referred to as the Lock-Up Securities, during the period ending on the earlier of (i) the date on which an open trading window period commences following the Second Earnings Release, or (ii) the date that is 180 days after the date of this prospectus, or the Lock-Up Period. Subject to certain exceptions, we and they will not, and will not cause or direct any of our or their respective affiliates, and will not publicly disclose an intention to, without the prior written consent of Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.: • offer, sell, contract to sell, pledge,