Navan (NAVN) 10% Owner Zeev Oren Receives Award

What Happened
Zeev Oren, a 10% owner of Navan and reporting board participant, was granted 394 shares of Class A common stock (reported as an award) on 2026-08-20. The shares are RSUs that were fully vested on the grant date and were issued in lieu of a cash board retainer. The grant is recorded at $28.56 per share for a total value of approximately $11,253 (footnote indicates ~$11,250).

Key Details

• Transaction type/code: Award/Grant (code A) of restricted stock units (RSUs).
• Transaction date and price: 2026-08-20 at $28.56 per share; total value ≈ $11,253.
• Filing date: Form 4 filed 2026-08-24 (reporting period 2026-08-20).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: F1 – RSUs fully vested and issued in lieu of a cash retainer for board service. F2, F3–F12 – many shares are held through various Zeev-related funds and a revocable trust; Oren Zeev is the managing member of the management entities and may be deemed to beneficially own shares held by those funds, though disclaimers apply.

Context
This was a compensation award (board retainer paid in stock), not an open-market purchase or sale — such awards are routine for board service and do not necessarily signal a change in the insider’s market view. As a reported 10% owner with holdings through multiple funds and a trust, some shares are held indirectly; the filing includes standard disclosures about potential deemed beneficial ownership and disclaimers.