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Navan, Inc.·4

Jun 18, 6:02 PM ET

Lightspeed General Partner Select II, L.P. 4

Research Summary

AI-generated summary

Updated

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).