Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 266

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 266
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796 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) 4,796 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) 4,796 shares of Class B common stock held by the Sivan Cohen Non-

197 Exempt Trust dated May 14, 2022, of which Mr. Cohen may be deemed to have voting and investment power over, and (viii) 3,785,557 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 July 31, 2025. (2) Consists of (i) 9,939,081 shares of Class B common stock held by The Ilan Twig Living Trust, of which Mr. Twig is the trustee, (ii) 127,846 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, (iii) 766,666 shares of Class B common stock held by the Leeor Eli Twig GST Trust, of which Mr. Twig may be deemed to have voting and investment power over, and (iv) 2,939,859 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 July 31, 2025. (3) Consists of (i) 226,380 shares of Class A common stock, and (ii) 1,026,639 shares underlying stock options to purchase shares of Class A common stock that are exercisable within 60 days of July 31, 2025. (4) Consists of 25,405,586 shares of Class A common stock held by entities affiliated with Andreessen Horowitz, as reflected in footnote 12, 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