LIGHTSPEED VENTURE PARTNERS SELECT III, L.P. 4
4 · Navan, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Navan (NAVN) — Lightspeed Select II Sells 10,569 Shares
What Happened
Lightspeed Venture Partners Select II, L.P. (a reported 10% owner) sold 10,569 shares of Navan, Inc. (NAVN) on July 1, 2026. The shares were disposed for a weighted average price of $24.65 per share, for aggregate proceeds of approximately $260,526. The filing reports the transaction as sales (transaction code S), executed across multiple trades.
Key Details
- Transaction date: 2026-07-01; Form 4 filed: 2026-07-02 (timely filing).
- Price: weighted average $24.65; trades ranged from $24.58 to $24.71 (footnote F1). Reporting persons will provide per-trade breakdown on request.
- Shares sold: 10,569; total value ≈ $260,526.
- Shares owned after transaction: Not specified in this filing.
- Notable footnotes: F2 notes certain shares were received earlier via in‑kind distributions and were inadvertently omitted from a June 15, 2026 Form 4; this filing is the second of two Forms 4 splitting reporting across multiple Lightspeed-related entities due to EDGAR limits. Several footnotes (F3–F9) describe which Lightspeed entities hold shares and disclaimers of beneficial ownership by some general partners.
- Transaction type: Institutional sale by a 10% owner (institutional holder), not an executive sale.
Context
This report documents an institutional sale (routine disposition by a large investor or fund). The filing corrects/clarifies prior reporting (clerical omission noted in F2) and is part of two combined Forms 4 covering multiple Lightspeed entities. The filing is factual; it does not explain the seller’s motivation.
Insider Transaction Report
Form 4
Navan, Inc.NAVN
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-07-01$24.65/sh−10,569$260,526→ 0 total(indirect: By Lightspeed Management Company, L.L.C.)
Holdings
- 19,860,677(indirect: By Lightspeed Venture Partners X, L.P.)
Class A Common Stock
[F4] - 192,885(indirect: By Lightspeed Affiliates X, L.P.)
Class A Common Stock
[F5] - 2,280,989(indirect: By Lightspeed Opportunity Fund, 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 $24.58 to $24.71 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]The shares held by Lightspeed Management Company, L.L.C. ("LMC") prior to the reported transaction were received pursuant to distributions in kind, for no additional consideration, by Lightspeed Venture Partners X, L.P. ("Lightspeed X") and Lightspeed Venture Partners Select II, L.P. ("Lightspeed Select II"), as described in a Form 4 filed by the Reporting Persons on June 15, 2026. Such shares were inadvertently omitted from the June 15, 2026 Form 4 as a result of a clerical error.
- [F3]Shares are held by LMC.
- [F4]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.
- [F5]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.
- [F6]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.
- [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.