# EDGAR Filing Document

**Accession Number:** 0001639723
**File Stem:** 0001753516-25-000007
**Filing Date:** 2025-11
**Character Count:** 8901
**Document Hash:** 3cfc16201f203b89bfaaba48767574a4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001753516-25-000007.hdr.sgml**: 20251104

**ACCESSION NUMBER**: 0001753516-25-000007

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251104

**DATE AS OF CHANGE**: 20251104

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Kaveripatnam Sandesh
- **CENTRAL INDEX KEY:** 0001753516

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42922
- **FILM NUMBER:** 251450627

**MAIL ADDRESS:**
- **STREET 1:** 50 HAWTHORNE STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94107
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Navan, Inc.
- **CENTRAL INDEX KEY:** 0001639723
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 473424780
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**BUSINESS ADDRESS:**
- **STREET 1:** 3045 PARK BOULEVARD
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 94306
- **BUSINESS PHONE:** 650-988-8500

**MAIL ADDRESS:**
- **STREET 1:** 3045 PARK BOULEVARD
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 94306

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TripActions, Inc.
- **DATE OF NAME CHANGE:** 20150415

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Kaveripatnam Sandesh<br><sub>(Last) (First) (Middle)</sub><br>C/O NAVAN, INC.<br>3045 PARK BOULEVARD<br><sub>(Street)</sub><br>PALO ALTO, CA 94306<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-10-31 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Navan, Inc. [ NAVN ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2025-10-31 |  | C |  | 2705707 | A | <sup>(1)</sup> | 2705707 | I | By PI Opportunities Fund II<sup>(2)</sup> |
| Class A Common Stock | 2025-10-31 |  | C |  | 5089572 | A | $21.25 | 5089572 | I | By Napean Trading and Investment Company (Singapore) PTE. LTC.<sup>(3)</sup> |
| Class A Common Stock | 2025-10-31 |  | C |  | 30537 | A | $21.25 | 30537 | D |  |
| Class A Common Stock | 2025-10-31 |  | X |  | 784685 | A | $0.03 | 5874257 | I | By Napean Trading and Investment Company (Singapore) PTE. LTC.<sup>(3)</sup> |
| Class A Common Stock | 2025-10-31 |  | X |  | 4708 | A | $0.03 | 35245 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Series G-1 Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 8010958 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 2705707 | $0 | 0 | I | By PI Opportunities Fund II<sup>(2)</sup> |
| Simple Agreement for Future Equity | <sup>(4)</sup> | 2025-10-31 |  | C |  |  |  | <sup>(4)</sup> | <sup>(4)</sup> | Class A Common Stock | 5089572 | $0 | 0 | I | By Napean Trading and Investment Company (Singapore) PTE. LTC.<sup>(3)</sup> |
| Simple Agreement for Future Equity | <sup>(5)</sup> | 2025-10-31 |  | C |  |  |  | <sup>(5)</sup> | <sup>(5)</sup> | Class A Common Stock | 30537 | $0 | 0 | D |  |
| Warrant (Right to Buy) | $0.03 | 2025-10-31 |  | X |  |  | 784685 | <sup>(6)</sup> | <sup>(6)</sup> | Class A Common Stock | 784685 | $0 | 0 | I | By Napean Trading and Investment Company (Singapore) PTE. LTC<sup>(3)</sup> |
| Warrant (Right to Buy) | $0.03 | 2025-10-31 |  | X |  |  | 4708 | <sup>(6)</sup> | <sup>(6)</sup> | Class A Common Stock | 4708 | 0<sup>(6)</sup> | 0 | D |  |

---

### Footnotes:

(1) Each share of Series G-1 Preferred Stock automatically converted into shares of Class A Common Stock immediately prior to the closing of the Issuer's initial public offering ("IPO") for no additional consideration at a conversion ratio that was dependent upon the initial price per share to the public in the Issuer's IPO.

(2) These securities are held by PI Opportunities Fund II ("PI Fund II"), a fund within the Premji Invest Group ("PI"). The Reporting Person is employed by PI International Holdings LLC, an entity within PI, and is a managing partner within PI. The Reporting Person disclaims beneficial ownership of the securities held by PI Fund II except to the extent of his pecuniary interest, if any, therein.

(3) These securities are held by Napean Trading and Investment Company (Singapore) Pte Ltd ("Napean Singapore"), an entity within PI. The Reporting Person is employed by PI International Holdings LLC, an entity within PI, and is a managing partner within PI. The Reporting Person disclaims beneficial ownership of the securities held by Napean Singapore except to the extent of his pecuniary interest, if any, therein.

(4) This Simple Agreement for Future Equity in the principal amount of $100,000,000, plus accrued interest thereon in the aggregate amount of $8,153,424.66, automatically converted into shares of Class A Common Stock at $21.25 per share upon the closing of the IPOand had no expiration date.

(5) This Simple Agreement for Future Equity in the principal amount of $600,000, plus accrued interest thereon in the aggregate amount of $48,920.55, automatically converted into shares of Class A Common Stock at $21.25 per share upon the closing of the IPO and had no expiration date.

(6) These warrants were exercised upon the closing of the IPO pursuant to an irrevocable commitment by the holder.

**Signature:** /s/ Sandesh Patnam  
**Date:** 2025-11-04

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**