# EDGAR Filing Document

**Accession Number:** 0001617751
**File Stem:** 0001231919-25-000410
**Filing Date:** 2025-11
**Character Count:** 30180
**Document Hash:** b55aa2741ddf51f59d506ef8b9550561
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001231919-25-000410.hdr.sgml**: 20251104

**ACCESSION NUMBER**: 0001231919-25-000410

**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:** Lightspeed Venture Partners X, L.P.
- **CENTRAL INDEX KEY:** 0001602573

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42922
- **FILM NUMBER:** 251450695

**BUSINESS ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-233-8300

**MAIL ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Lightspeed Affiliates X, L.P.
- **CENTRAL INDEX KEY:** 0001617751

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42922
- **FILM NUMBER:** 251450694

**BUSINESS ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-234-8300

**MAIL ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Lightspeed Opportunity Fund, L.P.
- **CENTRAL INDEX KEY:** 0001780948

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42922
- **FILM NUMBER:** 251450691

**BUSINESS ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD, SUITE 100
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** (650) 234-8300

**MAIL ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD, SUITE 100
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Lightspeed Ultimate General Partner X, Ltd.
- **CENTRAL INDEX KEY:** 0001700549

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42922
- **FILM NUMBER:** 251450692

**BUSINESS ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** (650) 234-8300

**MAIL ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Lightspeed General Partner X, L.P.
- **CENTRAL INDEX KEY:** 0001700550

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42922
- **FILM NUMBER:** 251450693

**BUSINESS ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** (650) 234-8300

**MAIL ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Lightspeed General Partner X, L,P.
- **DATE OF NAME CHANGE:** 20170310
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Lightspeed General Partner Opportunity Fund, L.P.
- **CENTRAL INDEX KEY:** 0001980478

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42922
- **FILM NUMBER:** 251450690

**BUSINESS ADDRESS:**
- **STREET 1:** 2200 SAND HILL RAOD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-234-8300

**MAIL ADDRESS:**
- **STREET 1:** 2200 SAND HILL RAOD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Lightspeed Strategic Partners I L.P.
- **CENTRAL INDEX KEY:** 0001830973

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42922
- **FILM NUMBER:** 251450688

**BUSINESS ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650 234-8300

**MAIL ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Lightspeed Strategic Partners General Partner I L.P.
- **CENTRAL INDEX KEY:** 0001978187

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42922
- **FILM NUMBER:** 251450687

**BUSINESS ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-234-8300

**MAIL ADDRESS:**
- **STREET 1:** 2200 SAND HILL ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Lightspeed Strategic Partners Ultimate General Partner I L.L.C.
- **CENTRAL INDEX KEY:** 0001978866

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42922
- **FILM NUMBER:** 251450686

**BUSINESS ADDRESS:**
- **STREET 1:** C/O LIGHTSPEED VENTURE PARTNERS
- **STREET 2:** 2200 SAND HILL ROAD, SUITE 100
- **CITY:** MENLO PARK
- **STATE:** CA
- **BUSINESS PHONE:** 650-234-8300

**MAIL ADDRESS:**
- **STREET 1:** C/O LIGHTSPEED VENTURE PARTNERS
- **STREET 2:** 2200 SAND HILL ROAD, SUITE 100
- **CITY:** MENLO PARK
- **STATE:** CA

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Lightspeeed Strategic Partners Ultimate General Partner I L.L.C.
- **DATE OF NAME CHANGE:** 20230523
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Lightspeed Ultimate General Partner Opportunity Fund, Ltd.
- **CENTRAL INDEX KEY:** 0001980477

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42922
- **FILM NUMBER:** 251450689

**BUSINESS ADDRESS:**
- **STREET 1:** 2200 SAND HILL RAOD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-234-8300

**MAIL ADDRESS:**
- **STREET 1:** 2200 SAND HILL RAOD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**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>Lightspeed Venture Partners X, L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O LIGHTSPEED VENTURE PARTNERS<br>2200 SAND HILL ROAD<br><sub>(Street)</sub><br>MENLO PARK, CA 94025<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>[ ] Director [X] 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>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Lightspeed Affiliates X, L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O LIGHTSPEED VENTURE PARTNERS<br>2200 SAND HILL ROAD<br><sub>(Street)</sub><br>MENLO PARK, CA 94025<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>[ ] Director [X] 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>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Lightspeed General Partner X, L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O LIGHTSPEED VENTURE PARTNERS<br>2200 SAND HILL ROAD<br><sub>(Street)</sub><br>MENLO PARK, CA 94025<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>[ ] Director [X] 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>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Lightspeed Ultimate General Partner X, Ltd.<br><sub>(Last) (First) (Middle)</sub><br>C/O LIGHTSPEED VENTURE PARTNERS<br>2200 SAND HILL ROAD<br><sub>(Street)</sub><br>MENLO PARK, CA 94025<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>[ ] Director [X] 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>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Lightspeed Opportunity Fund, L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O LIGHTSPEED VENTURE PARTNERS<br>2200 SAND HILL ROAD<br><sub>(Street)</sub><br>MENLO PARK, CA 94025<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>[ ] Director [X] 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>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Lightspeed General Partner Opportunity Fund, L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O LIGHTSPEED VENTURE PARTNERS<br>2200 SAND HILL ROAD<br><sub>(Street)</sub><br>MENLO PARK, CA 94025<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>[ ] Director [X] 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>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Lightspeed Ultimate General Partner Opportunity Fund, Ltd.<br><sub>(Last) (First) (Middle)</sub><br>C/O LIGHTSPEED VENTURE PARTNERS<br>2200 SAND HILL ROAD<br><sub>(Street)</sub><br>MENLO PARK, CA 94025<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>[ ] Director [X] 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>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Lightspeed Strategic Partners I L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O LIGHTSPEED VENTURE PARTNERS<br>2200 SAND HILL ROAD<br><sub>(Street)</sub><br>MENLO PARK, CA 94025<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>[ ] Director [X] 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>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Lightspeed Strategic Partners General Partner I L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O LIGHTSPEED VENTURE PARTNERS<br>2200 SAND HILL ROAD<br><sub>(Street)</sub><br>MENLO PARK, CA 94025<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>[ ] Director [X] 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>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Lightspeed Strategic Partners Ultimate General Partner I L.L.C.<br><sub>(Last) (First) (Middle)</sub><br>C/O LIGHTSPEED VENTURE PARTNERS<br>2200 SAND HILL ROAD<br><sub>(Street)</sub><br>MENLO PARK, CA 94025<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>[ ] Director [X] 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>[ ] Form filed by One Reporting Person<br>[X] 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 |  | 23365502 | A | <sup>(1)</sup> | 23365502 | I | By Lightspeed Venture Partners X, L.P.<sup>(2)</sup> |
| Class A Common Stock | 2025-10-31 |  | C |  | 192885 | A | <sup>(1)</sup> | 192885 | I | By Lightspeed Affiliates X, L.P.<sup>(3)</sup> |
| Class A Common Stock | 2025-10-31 |  | C |  | 4478486 | A | <sup>(1)</sup> | 4780989 | I | By Lightspeed Opportunity Fund, L.P.<sup>(4)</sup> |
| Class A Common Stock | 2025-10-31 |  | C |  | 587965 | A | <sup>(1)</sup> | 587965 | I | By Lightspeed Strategic Partners I L.P.<sup>(5)</sup> |
| Class A Common Stock | 2025-10-31 |  | C |  | 14859595 | A | <sup>(1)</sup> | 14859595 | I | By Lightspeed Venture Partners Select II, L.P.<sup>(6)</sup> |
| Class A Common Stock | 2025-10-31 |  | C |  | 6134518 | A | <sup>(1)</sup> | 6134518 | I | By Lightspeed Venture Partners Select III, L.P.<sup>(7)</sup> |

---

## 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 Seed Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 11744720 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 3914906 | <sup>(1)</sup> | 0 | I | By Lightspeed Venture Partners X, L.P.<sup>(2)</sup> |
| Series Seed Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 578656 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 192885 | <sup>(1)</sup> | 0 | I | By Lightspeed Affiliates X, L.P.<sup>(3)</sup> |
| Series A Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 12078656 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 4026218 | <sup>(1)</sup> | 0 | I | By Lightspeed Venture Partners X, L.P.<sup>(2)</sup> |
| Series A-1 Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 38230672 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 12743557 | <sup>(1)</sup> | 0 | I | By Lightspeed Venture Partners X, L.P.<sup>(2)</sup> |
| Series B Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 8042464 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 2680821 | <sup>(1)</sup> | 0 | I | By Lightspeed Venture Partners X, L.P.<sup>(2)</sup> |
| Series B Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 40212320 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 13404106 | <sup>(1)</sup> | 0 | I | By Lightspeed Venture Partners Select II, L.P.<sup>(6)</sup> |
| Series C Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 13470670 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 4490223 | <sup>(1)</sup> | 0 | I | By Lightspeed Venture Partners Select III, L.P.<sup>(7)</sup> |
| Series C-1 Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 4163544 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 1387848 | <sup>(1)</sup> | 0 | I | By Lightspeed Venture Partners Select II, L.P.<sup>(6)</sup> |
| Series D Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 7287940 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 2432552 | <sup>(1)</sup> | 0 | I | By Lightspeed Opportunity Fund, L.P.<sup>(4)</sup> |
| Series D Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 4723666 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 1576654 | <sup>(1)</sup> | 0 | I | By Lightspeed Venture Partners Select III, L.P.<sup>(7)</sup> |
| Series E Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 5249132 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 1759626 | <sup>(1)</sup> | 0 | I | By Lightspeed Opportunity Fund, L.P.<sup>(4)</sup> |
| Series E Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 1148606 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 385038 | <sup>(1)</sup> | 0 | I | By Lightspeed Strategic Partners I L.P.<sup>(5)</sup> |
| Series F Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 649200 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 218667 | <sup>(1)</sup> | 0 | I | By Lightspeed Opportunity Fund, L.P.<sup>(4)</sup> |
| Series G-1 Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 200273 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 67641 | <sup>(1)</sup> | 0 | I | By Lightspeed Opportunity Fund, L.P.<sup>(4)</sup> |
| Series G-1 Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 600821 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 202927 | <sup>(1)</sup> | 0 | I | By Lightspeed Strategic Partners I L.P.<sup>(5)</sup> |
| Series G-1 Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 200273 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 67641 | <sup>(1)</sup> | 0 | I | By Lightspeed Venture Partners Select II, L.P.<sup>(6)</sup> |
| Series G-1 Preferred Stock | <sup>(1)</sup> | 2025-10-31 |  | C |  |  | 200273 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 67641 | <sup>(1)</sup> | 0 | I | By Lightspeed Venture Partners Select III, L.P.<sup>(7)</sup> |

---

### Footnotes:

(1) Each share of Series Seed, Series A, Series A-1, Series B, Series C, Series C-1, Series D, Series E, Series F and 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) Shares are held by Lightspeed Venture Partners X, L.P. ("Lightspeed X"). Lightspeed General Partner X, L.P. ("LGP X") is the general partner of Lightspeed X. Lightspeed Ultimate General Partner X, Ltd. ("LUGP X") is the general partner of LGP X. Each of LGP X and LUGP X disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.

(3) Shares are held by Lightspeed Affiliates X, L.P. ("Affiliates X"). LGP X is the general partner of Affiliates X. LUGP X is the general partner of LGP X. Each of LGP X and LUGP X disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.

(4) Shares are held by Lightspeed Opportunity Fund, L.P. ("Opportunity"). Lightspeed General Partner Opportunity Fund, L.P. ("LGP Opportunity") is the general partner of Opportunity. Lightspeed Ultimate General Partner Opportunity Fund, Ltd. ("LUGP Opportunity") is the general partner of LGP Opportunity. Each of LGP Opportunity and LUGP Opportunity disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.

(5) Shares are held by Lightspeed Strategic Partners I L.P. ("Strategic"). Lightspeed Strategic Partners General Partner I L.P. ("LGP Strategic") is the general partner of Strategic. Lightspeed Strategic Partners Ultimate General Partner I L.L.C. ("LUGP Strategic") is the general partner of LGP Strategic. Each of LGP Strategic and LUGP Strategic disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.

(6) Shares are held by Lightspeed Venture Partners Select II, L.P. ("Lightspeed Select II"). Lightspeed General Partner Select II, L.P. ("LGP Select II") is the general partner of Lightspeed Select II. Lightspeed Ultimate General Partner Select II, Ltd. ("LUGP Select II") is the general partner of LGP Select II. Each of LGP Select II and LUGP Select II disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.

(7) Shares are held by Lightspeed Venture Partners Select III, L.P. ("Lightspeed Select III"). Lightspeed General Partner Select III, L.P. ("LGP Select III") is the general partner of Lightspeed Select III. Lightspeed Ultimate General Partner Select III, Ltd. ("LUGP Select III") is the general partner of LGP Select III. Each of LGP Select III and LUGP Select III disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.

**Remarks:**
This Form 4 is the first of two Forms 4 filed relating to the same events. Combined, the two Form 4s report the holdings for the following Reporting Persons: Lightspeed Venture Partners X, L.P., Lightspeed Affiliates X, L.P., Lightspeed General Partner X, L.P., Lightspeed Ultimate General Partner X, Ltd., Lightspeed Opportunity Fund, L.P., Lightspeed General Partner Opportunity Fund, L.P., Lightspeed Ultimate General Partner Opportunity Fund, Ltd., Lightspeed Strategic Partners I L.P., Lightspeed Strategic Partners General Partner I L.P., Lightspeed Strategic Partners Ultimate General Partner I L.L.C., Lightspeed Venture Partners Select II, L.P., Lightspeed General Partner Select II, L.P., Lightspeed Ultimate General Partner Select II, Ltd., Lightspeed Venture Partners Select III, L.P., Lightspeed General Partner Select III, L.P. and Lightspeed Ultimate General Partner Select III, Ltd. This Form 4 has been split into two filings because there are more than 10 reporting persons in total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 10 reporting persons.

**Signature:** Lightspeed Venture Partners X, L.P., By: Lightspeed General Partner X, L.P., its General Partner, By: Lightspeed Ultimate General Partner X, Ltd., its General Partner, By /s/ Ravi Mhatre, Director  
**Date:** 2025-11-04

**Signature:** Lightspeed Affiliates X, L.P., By: Lightspeed General Partner X, L.P., its General Partner, By: Lightspeed Ultimate General Partner X, Ltd., its General Partner, By /s/ Ravi Mhatre, Director  
**Date:** 2025-11-04

**Signature:** Lightspeed General Partner X, L.P., By: Lightspeed Ultimate General Partner X, Ltd., its General Partner, By /s/ Ravi Mhatre, Director  
**Date:** 2025-11-04

**Signature:** Lightspeed Ultimate General Partner X, Ltd., By /s/ Ravi Mhatre, Director  
**Date:** 2025-11-04

**Signature:** Lightspeed Opportunity Fund, L.P., By: Lightspeed General Partner Opportunity Fund, L.P., its General Partner, By: Lightspeed Ultimate General Partner Opportunity Fund, Ltd., its General Partner, By /s/ Ravi Mhatre, Director  
**Date:** 2025-11-04

**Signature:** Lightspeed General Partner Opportunity Fund, L.P., By: Lightspeed Ultimate General Partner Opportunity Fund, Ltd., its General Partner, By /s/ Ravi Mhatre, Director  
**Date:** 2025-11-04

**Signature:** Lightspeed Ultimate General Partner Opportunity Fund, Ltd., By /s/ Ravi Mhatre, Director  
**Date:** 2025-11-04

**Signature:** Lightspeed Strategic Partners I L.P., By: Lightspeed Strategic Partners General Partner I L.P., its General Partner, By: Lightspeed Strategic Partners Ultimate General Partner I L.L.C., its General Partner, By /s/ Ravi Mhatre, Manager  
**Date:** 2025-11-04

**Signature:** Lightspeed Strategic Partners General Partner I L.P., By: Lightspeed Strategic Partners Ultimate General Partner I L.L.C., its General Partner, By /s/ Ravi Mhatre, Manager  
**Date:** 2025-11-04

**Signature:** Lightspeed Strategic Partners Ultimate General Partner I L.L.C., By /s/ Ravi Mhatre, Manager  
**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.**