Lightspeed Venture Partners X, L.P. 4
4 · Navan, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Navan (NAVN) 10% Owner Lightspeed Venture Partners X Sells Shares
What Happened
Lightspeed Venture Partners X, L.P. (a reported 10% owner) sold a total of 475,869 Navan (NAVN) shares in open-market transactions on June 16–17, 2026, generating approximately $9,098,184 in proceeds. The individual lots reported were: 398,546 shares at a weighted average price of $19.13 for $7,624,185 (6/16/2026); 47,984 shares at $18.71 for $897,781 (6/17/2026); and 29,339 shares at $19.64 for $576,218 (6/17/2026). These are sales (S) — not purchases or option exercises — and therefore are generally routine dispositions rather than a direct bullish signal.
Key Details
- Transaction dates: June 16, 2026 (398,546 shs) and June 17, 2026 (47,984 + 29,339 shs).
- Reported proceeds: ~$9,098,184 total.
- Reported prices: weighted averages listed above; footnotes show individual trade prices ranged: $18.8945–$19.66, $18.40–$19.39, and $19.40–$19.9957 across the respective lots.
- Shares owned after transaction: Not specified in the provided filing excerpt; the filing notes combined holdings are reported across two Form 4s (this is the first of two filings).
- Ownership structure notes: Shares are held through various Lightspeed funds and general partner entities; those GPs disclaim beneficial ownership except for pecuniary interest.
- Filing date: Form 4 filed June 18, 2026 reporting transactions dated June 16–17, 2026 (appears timely).
Context
This filing documents sales by an institutional 10% investor (Lightspeed) rather than an individual company insider/executive. Such fund-level sales often reflect portfolio management or liquidity needs and should not be interpreted alone as a company-specific endorsement or negative signal. For full post-transaction holdings and the related reporting persons, review the companion Form 4 referenced in the remarks.
Insider Transaction Report
Form 4
Navan, Inc.NAVN
Lightspeed Venture Partners X, L.P.
10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-06-16$19.13/sh−398,546$7,624,185→ 2,358,312 total(indirect: By Lightspeed Opportunity Fund, L.P.) - Sale
Class A Common Stock
[F3][F2]2026-06-17$18.71/sh−47,984$897,781→ 2,310,328 total(indirect: By Lightspeed Opportunity Fund, L.P.) - Sale
Class A Common Stock
[F4][F2]2026-06-17$19.64/sh−29,339$576,218→ 2,280,989 total(indirect: By Lightspeed Opportunity Fund, L.P.)
Holdings
- 19,860,677(indirect: By Lightspeed Venture Partners X, L.P.)
Class A Common Stock
[F5] - 192,885(indirect: By Lightspeed Affiliates X, L.P.)
Class A Common Stock
[F6] - 587,965(indirect: By Lightspeed Strategic Partners I L.P.)
Class A Common Stock
[F7] - 12,630,655(indirect: By Lightspeed Venture Partners Select II, L.P.)
Class A Common Stock
[F8] - 6,134,518(indirect: By Lightspeed Venture Partners Select III, L.P.)
Class A Common Stock
[F9]
Footnotes (9)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.8945 to $19.66 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]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.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.40 to $19.39 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.40 to $19.9957 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F5]Shares are held by 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.
- [F6]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.
- [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.
- [F8]Shares are held by 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.
- [F9]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.