ZEEV OREN 4

What Happened

• Zeev Oren, a reported 10% owner of Navan, Inc. (NAVN), received a grant of 9,959 restricted stock units (RSUs) on 2026-06-25. The grant price is $0.00, so there was no cash paid or received at the time of the award. Transaction code: A (Award/Grant).

Key Details

• Transaction date: 2026-06-25; Filing date: 2026-06-29 (filed within the required filing window).
• Award amount: 9,959 RSUs; reported acquisition price: $0.00; total immediate value reported: $0.
• Vesting: RSUs are time-based and will vest in full on the earlier of (i) the first anniversary of the grant or (ii) the issuer’s next annual meeting of stockholders, subject to Oren’s continued service.
• Ownership structure: Oren is the managing member of multiple investment management entities and may be deemed to beneficially own shares held by various Zeev Ventures funds (see footnotes). The RSUs are included in the reported holdings but the Form 4 excerpt does not list a post-transaction total share count.
• Notes: This is an equity award (retention/compensation), not a market purchase or sale.

Context

• RSUs are a promise to deliver shares if and when vesting conditions are met; they do not convey immediate voting or saleable shares until vested and issued.
• As a 10% owner with holdings across investment vehicles, this grant reflects standard equity compensation/retention practice rather than an open-market investment decision.