Company: NAVN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001628279-25-000383
Chunk: 283

Company: Navan, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 283
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 LLC       |     |                  |
| Citigroup Global Markets Inc. |     |                  |
| Jefferies LLC                 |     |                  |
| Mizuho Securities USA LLC     |     |                  |
| BNP Paribas Securities Corp.  |     |                  |
| Citizens JMP Securities, LLC  |     |                  |
| Oppenheimer & Co. Inc.        |     |                  |
| MUFG Securities Americas Inc. |     |                  |
| Total                         |     |                  |

The underwriters will be committed to take and pay for all of the shares of Class A common stock being offered, if any are taken, other than the shares of Class A common stock covered by the option described below unless and until this option is exercised.

The underwriters will have an option to buy up to an additional shares of Class A common stock from us to cover sales by the underwriters of a greater number of shares of Class A common stock than the total number set forth in the table above. They may exercise that option for 30 days. If any shares of Class A common stock are purchased pursuant to this option, the underwriters will severally purchase shares of Class A common stock in approximately the same proportion as set forth in the table above.

The following table shows the per share and total underwriting discounts and commissions to be paid to the underwriters by us. Such amounts are shown assuming both no exercise and full exercise of the underwriters’ option to purchase additional shares of our Class A common stock.

|           |     | No Exercise |     | Full Exercise |
|:----------|:----|:------------|:----|:--------------|
| Per Share |     | $           |     | $             |
| Total     |     | $           |     | $             |

Shares of Class A common stock sold by the underwriters to the public will initially be offered at the initial public offering price set forth on the cover of this prospectus. Any shares of Class A common stock sold by the underwriters to securities dealers may be sold at a discount of up to $ per share from the initial public offering price. After the initial offering of the shares of Class A common stock, the representatives may change the offering price and the other selling terms. The offering of the shares of Class A common stock by the underwriters is subject to receipt and acceptance and subject to the underwriters’ right to reject any order in whole or in part.

We, all of our directors, executive officers, the selling stockholders