Sandesh Kaveripatnam - Oct 31, 2025 Form 4 Insider Report for Navan, Inc. (NAVN)

Role
Director
Signature
/s/ Sandesh Patnam
Stock symbol
NAVN
Transactions as of
Oct 31, 2025
Transactions value $
$8,225,998
Form type
4
Date filed
11/4/2025, 05:10 PM
Previous filing
Oct 29, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Kaveripatnam Sandesh Director C/O NAVAN, INC., 3045 PARK BOULEVARD, PALO ALTO /s/ Sandesh Patnam 2025-11-04 0001753516

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAVN Class A Common Stock Conversion of derivative security +2.71M 2.71M Oct 31, 2025 By PI Opportunities Fund II F1, F2
transaction NAVN Class A Common Stock Conversion of derivative security $108M +5.09M $21.25 5.09M Oct 31, 2025 By Napean Trading and Investment Company (Singapore) PTE. LTC. F3
transaction NAVN Class A Common Stock Conversion of derivative security $649K +30.5K $21.25 30.5K Oct 31, 2025 Direct
transaction NAVN Class A Common Stock Exercise of in-the-money or at-the-money derivative security $23.5K +785K +15.42% $0.03 5.87M Oct 31, 2025 By Napean Trading and Investment Company (Singapore) PTE. LTC. F3
transaction NAVN Class A Common Stock Exercise of in-the-money or at-the-money derivative security $141 +4.71K +15.42% $0.03 35.2K Oct 31, 2025 Direct

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
transaction NAVN Series G-1 Preferred Stock Conversion of derivative security $0 -8.01M -100% $0.00 0 Oct 31, 2025 Class A Common Stock 2.71M By PI Opportunities Fund II F1, F2
transaction NAVN Simple Agreement for Future Equity Conversion of derivative security -$100M 0 Oct 31, 2025 Class A Common Stock 5.09M By Napean Trading and Investment Company (Singapore) PTE. LTC. F3, F4
transaction NAVN Simple Agreement for Future Equity Conversion of derivative security -$600K 0 Oct 31, 2025 Class A Common Stock 30.5K Direct F5
transaction NAVN Warrant (Right to Buy) Exercise of in-the-money or at-the-money derivative security $0 -785K -100% $0.00 0 Oct 31, 2025 Class A Common Stock 785K $0.03 By Napean Trading and Investment Company (Singapore) PTE. LTC F3, F6
transaction NAVN Warrant (Right to Buy) Exercise of in-the-money or at-the-money derivative security $0 -4.71K -100% $0.00 0 Oct 31, 2025 Class A Common Stock 4.71K $0.03 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 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 IPO and had no expiration date.
F5 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.
F6 These warrants were exercised upon the closing of the IPO pursuant to an irrevocable commitment by the holder.