ZEEV OREN 4
4 · Navan, Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
Navan (NAVN) 10% Owner Zeev Oren Distributes and Receives Shares
What Happened
- Zeev Oren, reported as a 10% owner, disclosed multiple pro‑rata, no‑consideration distributions and related transfers of Navan (Class A) stock on June 26 and July 7, 2026. The Form 4 shows disposals of 452,949, 1,576,676 and 1,082,303 shares on the two dates and acquisitions of 567,965 shares on each date as reflected in affiliated entities — all at $0.00 per share (total value $0). Aggregate movement on the two filings sums to 6,277,483 shares moved between affiliated funds, management LLCs and limited partners.
- These transactions were reported using Code J ("other acquisition or disposition") and reflect internal distributions/transfers, not open‑market purchases or sales for cash.
Key Details
- Transaction dates: June 26, 2026 and July 7, 2026. All reported consideration: $0.00 per share.
- Reported share movements (selected): June 26 — 452,949 disposed; 1,576,676 disposed; 567,965 acquired. July 7 — 452,949 disposed; 1,576,676 disposed; 1,082,303 disposed; 567,965 acquired. Total moved: 6,277,483 shares.
- Filing date / timeliness: Form 4 filed July 10, 2026. The filing appears late relative to the 2‑business‑day Form 4 deadline for these transactions.
- Shares owned after transaction: Not specified in the provided summary of the Form 4.
- Notable footnotes: Distributions were made by various Zeev Ventures funds and management entities (e.g., Zeev Ventures II, II‑A, III) to limited partners and management entities for no consideration under Rules 16a‑13 and 16a‑9. Multiple footnotes clarify which entities hold or may be deemed to beneficially own the distributed shares.
Context
- These are internal, pro‑rata fund distributions/transfers (gifts/transfers among related entities) rather than market sales or purchases — such moves generally reflect fund structuring or partner allocations and do not necessarily signal the insider’s view of the stock.
- As a reported 10% owner and managing member of the general partner entities, Oren may be deemed to beneficially own shares held by the funds, per the footnotes; the filing disclaims beneficial ownership beyond pecuniary interest where applicable.
- Because the filing appears late, investors relying on Form 4 timing should note the delay; late filings can reduce the timeliness of insider disclosure but do not change the factual nature of the transfers.
Insider Transaction Report
Form 4
Navan, Inc.NAVN
ZEEV OREN
Director10% Owner
Transactions
- Other
Class A Common Stock
[F1][F2][F3]2026-06-26−452,949→ 4,076,544 total(indirect: Zeev Ventures II, L.P.) - Other
Class A Common Stock
[F4][F2][F5]2026-06-26−1,576,676→ 14,190,091 total(indirect: Zeev Ventures II-A, L.P.) - Other
Class A Common Stock
[F6][F7]2026-06-26+567,965→ 567,965 total(indirect: By Trust) - Other
Class A Common Stock
[F8][F2][F3]2026-07-07−452,949→ 3,623,595 total(indirect: Zeev Ventures II, L.P.) - Other
Class A Common Stock
[F9][F2][F5]2026-07-07−1,576,676→ 12,613,415 total(indirect: Zeev Ventures II-A, L.P.) - Other
Class A Common Stock
[F10][F2][F11]2026-07-07−1,082,303→ 9,740,729 total(indirect: Zeev Ventures III, L.P.) - Other
Class A Common Stock
[F6][F7]2026-07-07+567,965→ 1,135,930 total(indirect: By Trust)
Holdings
- 67,223
Class A Common Stock
- 770,077(indirect: Zeev Opportunity Fund I, L.P.)
Class A Common Stock
[F2][F12] - 1,974,957(indirect: Zeev Ventures IV, L.P.)
Class A Common Stock
[F2][F13] - 1,000,915(indirect: Zeev Ventures V, L.P.)
Class A Common Stock
[F2][F14] - 382,900(indirect: Zeev Ventures VI, L.P.)
Class A Common Stock
[F2][F15] - 1,124,268(indirect: Zeev Ventures VII, L.P.)
Class A Common Stock
[F2][F16] - 917,394(indirect: Zeev Ventures VIII, L.P.)
Class A Common Stock
[F2][F17]
Footnotes (17)
- [F1]On June 26, 2026, Zeev Ventures II, L.P. distributed, for no consideration, in the aggregate 452,949 shares of the Issuer's Class A Common Stock to its limited partners and to Zeev Ventures Management II, L.L.C., representing each such partner's pro rata interest in such shares. On the same date, Zeev Ventures Management II, L.L.C. distributed, for no consideration, 167,591 shares it received in the distribution by Zeev Ventures II, L.P. to its partners, representing each such partner's pro rata interest in such shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- [F10]On July 7, 2026, Zeev Ventures III, L.P. distributed, for no consideration, in the aggregate 1,082,303 shares of the Issuer's Class A Common Stock to its limited partners, representing each such partner's pro rata interest in such shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act.
- [F11]Shares held directly by Zeev Ventures III, L.P. Zeev Ventures Management III, L.L.C. is the general partner of Zeev Ventures III, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures III, L.P.
- [F12]Shares held directly by Zeev Opportunity Fund I, L.P. Zeev Opportunity Management I, L.L.C. is the general partner of Zeev Opportunity Fund I, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Opportunity Fund I, L.P.
- [F13]Shares held directly by Zeev Ventures IV, L.P. Zeev Ventures Management IV, L.L.C. is the general partner of Zeev Ventures IV, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures IV, L.P.
- [F14]Shares held directly by Zeev Ventures V, L.P. Zeev Ventures Management V, L.L.C. is the general partner of Zeev Ventures V, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures V, L.P.
- [F15]Shares held directly by Zeev Ventures VI, L.P. Zeev Ventures Management VI, L.L.C. is the general partner of Zeev Ventures VI, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures VI, L.P.
- [F16]Shares held directly by Zeev Ventures VII, L.P. Zeev Ventures Management VII, L.L.C. is the general partner of Zeev Ventures VII, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures VII, L.P.
- [F17]Shares held directly by Zeev Ventures VIII, L.P. Zeev Ventures Management VIII, L.L.C. is the general partner of Zeev Ventures VIII, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures VIII, L.P.
- [F2]Oren Zeev is the managing member of each of Zeev Opportunity Management I, L.L.C., Zeev Ventures Management II, L.L.C., Zeev Ventures Management II-A, L.L.C., Zeev Ventures Management III, L.L.C., Zeev Ventures Management IV, L.L.C., Zeev Ventures Management V, L.L.C., Zeev Ventures Management VI, L.L.C., Zeev Ventures Management VII, L.L.C., and Zeev Ventures Management VIII, L.L.C. (collectively, the "General Partners") and, as such, may be deemed to beneficially own the shares held by each of Zeev Opportunity Fund I, L.P., Zeev Ventures II, L.P., Zeev Ventures II-A, L.P., Zeev Ventures III, L.P., Zeev Ventures IV, L.P., Zeev Ventures V, L.P., Zeev Ventures VI, L.P., Zeev Ventures VII, L.P., and Zeev Ventures VIII, L.P. (collectively, the "Funds"). Oren Zeev has voting and dispositive power over the shares held by the Funds. Each of Oren Zeev and the General Partners disclaims beneficial ownership except to the extent of their pecuniary interest therein, if any.
- [F3]Shares held directly by Zeev Ventures II, L.P. Zeev Ventures Management II, L.L.C. is the general partner of Zeev Ventures II, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures II, L.P.
- [F4]On June 26, 2026, Zeev Ventures II-A, L.P. distributed, for no consideration, in the aggregate 1,576,676 shares of the Issuer's Class A Common Stock to its limited partners and to Zeev Ventures Management II-A, L.L.C., representing each such partner's pro rata interest in such shares. On the same date, Zeev Ventures Management II-A, L.L.C. distributed, for no consideration, 583,370 shares it received in the distribution by Zeev Ventures II-A, L.P. to its partners, representing each such partner's pro rata interest in such shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act.
- [F5]Shares held directly by Zeev Ventures II-A, L.P. Zeev Ventures Management II-A, L.L.C. is the general partner of Zeev Ventures II-A, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures II-A, L.P.
- [F6]Consists of shares received as a pro rata distribution, for no consideration, from Zeev Ventures Management II, L.L.C., of which the Zeev Living Trust is a non-managing limited partner. Such distribution was made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act.
- [F7]Shares held by the Zeev Living Trust, a revocable trust for which Mr. Zeev and his spouse serve as trustees and primary beneficiaries. Mr. Zeev retains voting and investment power over the shares held by the trust and, as such, may be deemed to beneficially own such shares. Mr. Zeev disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
- [F8]On July 7, 2026, Zeev Ventures II, L.P. distributed, for no consideration, in the aggregate 452,949 shares of the Issuer's Class A Common Stock to its limited partners and to Zeev Ventures Management II, L.L.C., representing each such partner's pro rata interest in such shares. On the same date, Zeev Ventures Management II, L.L.C. distributed, for no consideration, 167,591 shares it received in the distribution by Zeev Ventures II, L.P. to its partners, representing each such partner's pro rata interest in such shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act.
- [F9]On July 7, 2026, Zeev Ventures II-A, L.P. distributed, for no consideration, in the aggregate 1,576,676 shares of the Issuer's Class A Common Stock to its limited partners and to Zeev Ventures Management II-A, L.L.C., representing each such partner's pro rata interest in such shares. On the same date, Zeev Ventures Management II-A, L.L.C. distributed, for no consideration, 583,370 shares it received in the distribution by Zeev Ventures II-A, L.P. to its partners, representing each such partner's pro rata interest in such shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act.