Lightspeed General Partner Select II, L.P. 4
4 · Navan, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Navan (NAVN) — Lightspeed Venture Partners Select II Sells Shares
What Happened
- Lightspeed Venture Partners Select II, L.P. (a reported 10% owner) disposed of a total of 475,869 Navan (NAVN) shares in open‑market sales on June 16–17, 2026. The three reported transactions were:
- 398,546 shares at a weighted average price of $19.13, proceeds $7,624,185 (filed footnote shows per‑trade prices ranged $18.8945–$19.66).
- 47,984 shares at a weighted average price of $18.71, proceeds $897,781 (per‑trade prices ranged $18.40–$19.39).
- 29,339 shares at a weighted average price of $19.64, proceeds $576,218 (per‑trade prices ranged $19.40–$19.9957).
- These were sales (S) — disposals by an institutional investor/fund rather than purchases. Sales by an institutional 10% holder often reflect portfolio rebalancing or liquidity events rather than executive trading.
Key Details
- Transaction dates and reported weighted prices: 2026-06-16 (398,546 @ $19.13), 2026-06-17 (47,984 @ $18.71 and 29,339 @ $19.64).
- Total shares sold: 475,869; total reported proceeds: $9,098,184 ($9.10M).
- Shares owned after the transactions: not provided in the excerpt — check the full Form 4 for post‑transaction holdings.
- Notable footnotes: reported prices are weighted averages with per‑trade price ranges provided in the filing; the shares are held by Lightspeed Select II and related general partner entities disclaim beneficial ownership except to the extent of their pecuniary interest.
- Filing timeliness: Form 4 was filed 2026-06-18 for transactions dated 6/16–6/17, which is within the typical two‑business‑day reporting window (timely).
- Filing note: this is the second of two Form 4s covering related Lightspeed reporting persons (filings split because more than 10 reporting persons are involved).
Context
- This report reflects institutional fund selling (Lightspeed Select II), not an individual company insider — interpret accordingly. There is no indication in this filing of option exercises, gifts, or 10b5‑1 plans. For full per‑trade pricing and post‑transaction ownership, consult the complete Form 4 filings (accession 0001231919-26-000678 and its companion).
Insider Transaction Report
Form 4
Navan, Inc.NAVN
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.