Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 311

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 311
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 transfers of shares acquired (A) from the underwriters in this offering or (B) in open market transactions after the completion of this offering; x. transfers to us in connection with the vesting, settlement, or exercise of RSUs, options, warrants, or other rights to purchase shares of our common stock (including, in each case, by way of “net” or “cashless” exercise), including transfers to us for the payment of tax obligations, including estimated taxes, due as a result of the vesting, settlement, or exercise of options, RSUs, restricted stock, warrants, or other rights to acquire shares of our common stock, in each case granted under a stock incentive plan or other equity award plan or arrangement or pursuant to the terms of convertible or exchangeable securities, each described in this prospectus; xi. sales or other transfers in “sell to cover” or similar open market transactions during the Lock-Up Period solely to satisfy tax obligations due as a result of (A) the exercise of stock options, if such options expire or the post-termination exercise period applicable to such options expire during the Lock-Up Period, or (B) the settlement of RSUs during the Lock-Up Period pursuant to awards granted under a stock incentive plan or other equity award plan or arrangement described in this prospectus; xii. transfers to us in connection with the conversion, exchange, or reclassification of our outstanding equity securities into shares of our common stock, or any reclassification, exchange, or conversion of our common stock, in each case as described in this prospectus; xiii. transfers to the underwriters pursuant to the underwriting agreement; xiv. transfers in connection with the termination of employment of an employee, including following voluntary resignation of such employee, if such transfers or dispositions are determined by us to be required under applicable law; xv. enter into a written plan meeting the requirements of Rule 10b5-1 under the Exchange Act relating to the transfer of shares of common stock, provided that shares of common stock subject to such plan may not be sold during the Lock-Up Period; and xvi. transfers pursuant to a bona fide third-party tender offer, merger, consolidation, or other similar transaction that is approved by our board of directors and made to all holders of our common stock, and which involves a change in control; 227 provided, in the case of any transfer, disposition, or distribution pursuant to clauses (i) through (vii), that each transferee, donee, or