Lightspeed Venture Partners Select II, L.P. - Oct 29, 2025 Form 3 Insider Report for Navan, Inc. (NAVN)

Role
10%+ Owner
Signature
Lightspeed Venture Partners Select II, L.P., By: Lightspeed General Partner Select II, L.P., its General Partner, By: Lightspeed Ultimate General Partner Select II, Ltd., its General Partner, By /s/ Ravi Mhatre, Director
Stock symbol
NAVN
Transactions as of
Oct 29, 2025
Transactions value $
$0
Form type
3
Date filed
10/29/2025, 09:39 PM
SEC
View on sec.gov

Reporting Owners (6)

Name Relationship Address Signature Signature date CIK
Lightspeed Venture Partners Select II, L.P. 10%+ Owner C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK Lightspeed Venture Partners Select II, L.P., By: Lightspeed General Partner Select II, L.P., its General Partner, By: Lightspeed Ultimate General Partner Select II, Ltd., its General Partner, By /s/ Ravi Mhatre, Director 2025-10-29 0001668017
Lightspeed General Partner Select II, L.P. 10%+ Owner C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK Lightspeed General Partner Select II, L.P., By: Lightspeed Ultimate General Partner Select II, Ltd., its General Partner, By /s/ Ravi Mhatre, Director 2025-10-29 0001744936
Lightspeed Ultimate General Partner Select II, Ltd. 10%+ Owner C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK Lightspeed Ultimate General Partner Select II, Ltd., By /s/ Ravi Mhatre, Director 2025-10-29 0001744937
LIGHTSPEED VENTURE PARTNERS SELECT III, L.P. 10%+ Owner C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK Lightspeed Venture Partners Select III, L.P., By: Lightspeed General Partner Select III, L.P., its General Partner, By: Lightspeed Ultimate General Partner Select III, Ltd., its General Partner, By /s/ Ravi Mhatre, Director 2025-10-29 0001735240
Lightspeed General Partner Select III, L.P. 10%+ Owner C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK Lightspeed General Partner Select III, L.P., By: Lightspeed Ultimate General Partner Select III, Ltd., its General Partner, By /s/ Ravi Mhatre, Director 2025-10-29 0001912810
Lightspeed Ultimate General Partner Select III, Ltd. 10%+ Owner C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK Lightspeed Ultimate General Partner Select III, Ltd., By /s/ Ravi Mhatre, Director 2025-10-29 0001912675

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NAVN Class A Common Stock 303K Oct 29, 2025 By Lightspeed Opportunity Fund, L.P. F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding NAVN Series Seed Preferred Stock Oct 29, 2025 Class A Common Stock 3.91M By Lightspeed Venture Partners X, L.P. F2, F3
holding NAVN Series Seed Preferred Stock Oct 29, 2025 Class A Common Stock 193K By Lightspeed Affiliates X, L.P. F2, F4
holding NAVN Series A Preferred Stock Oct 29, 2025 Class A Common Stock 4.03M By Lightspeed Venture Partners X, L.P. F2, F3
holding NAVN Series A-1 Preferred Stock Oct 29, 2025 Class A Common Stock 12.7M By Lightspeed Venture Partners X, L.P. F2, F3
holding NAVN Series B Preferred Stock Oct 29, 2025 Class A Common Stock 2.68M By Lightspeed Venture Partners X, L.P. F2, F3
holding NAVN Series B Preferred Stock Oct 29, 2025 Class A Common Stock 13.4M By Lightspeed Venture Partners Select II, L.P. F2, F5
holding NAVN Series C Preferred Stock Oct 29, 2025 Class A Common Stock 4.49M By Lightspeed Venture Partners Select III, L.P. F2, F6
holding NAVN Series C-1 Preferred Stock Oct 29, 2025 Class A Common Stock 1.39M By Lightspeed Venture Partners Select II, L.P. F2, F5
holding NAVN Series D Preferred Stock Oct 29, 2025 Class A Common Stock 2.43M By Lightspeed Opportunity Fund, L.P. F1, F2
holding NAVN Series D Preferred Stock Oct 29, 2025 Class A Common Stock 1.58M By Lightspeed Venture Partners Select III, L.P. F2, F6
holding NAVN Series E Preferred Stock Oct 29, 2025 Class A Common Stock 1.76M By Lightspeed Opportunity Fund, L.P. F1, F2
holding NAVN Series E Preferred Stock Oct 29, 2025 Class A Common Stock 385K By Lightspeed Strategic Partners I, L.P. F2, F7
holding NAVN Series F Preferred Stock Oct 29, 2025 Class A Common Stock 219K By Lightspeed Opportunity Fund, L.P. F1, F2
holding NAVN Series G-1 Preferred Stock Oct 29, 2025 Class A Common Stock 67.6K By Lightspeed Opportunity Fund, L.P. F1, F2
holding NAVN Series G-1 Preferred Stock Oct 29, 2025 Class A Common Stock 67.6K By Lightspeed Venture Partners Select II, L.P. F2, F5
holding NAVN Series G-1 Preferred Stock Oct 29, 2025 Class A Common Stock 67.6K By Lightspeed Venture Partners Select III, L.P. F2, F6
holding NAVN Series G-1 Preferred Stock Oct 29, 2025 Class A Common Stock 203K By Lightspeed Strategic Partners I, L.P. F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The 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 are each convertible into Class A Common Stock on a ratio dependent on the public offering price of the Class A Common Stock in the Issuer's initial public offering, and have no expiration date. Upon the closing of the Issuer's initial public offering, all shares 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 will be converted into shares of Class A Common Stock of the Issuer.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.

Remarks:

This Form 3 is the second of two Forms 3 filed relating to the same events. Combined, the two Form 3s report beneficial ownership of securities 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 3 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 3 to a maximum of 10 reporting persons.