Kourey Michael R - Oct 29, 2025 Form 3 Insider Report for Navan, Inc. (NAVN)

Role: Director
Signature: /s/ Howard Baik, Attorney-in-Fact
Stock symbol: NAVN
Transactions as of: Oct 29, 2025
Transactions value $: $0
Form type: 3
Date filed: 10/29/2025, 09:40 PM
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
KOUREY MICHAEL R	Director	C/O NAVAN, INC., 3045 PARK BOULEVARD, PALO ALTO	/s/ Howard Baik, Attorney-in-Fact	2025-10-29	0001079576

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NAVN	Class A Common Stock						243K	Oct 29, 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Issuer's Class A Common Stock. The RSUs are subject to a time-based service condition and a performance-based condition, both of which must be satisfied to vest. The time-based service condition will be satisfied with respect to 1/16th of the total number of such RSUs every quarter over four years measured from the vesting commencement date, subject to Reporting Person's continued service through each applicable vesting date. The performance-based condition was satisfied upon a liquidity event which occurred upon the effectiveness of Issuer's registration statement on Form S-1 in connection with Issuer's initial public offering of Class A Common Stock.

Content

Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Issuer's Class A Common Stock. The RSUs are subject to a time-based service condition and a performance-based condition, both of which must be satisfied to vest. The time-based service condition will be satisfied with respect to 1/16th of the total number of such RSUs every quarter over four years measured from the vesting commencement date, subject to Reporting Person's continued service through each applicable vesting date. The performance-based condition was satisfied upon a liquidity event which occurred upon the effectiveness of Issuer's registration statement on Form S-1 in connection with Issuer's initial public offering of Class A Common Stock.