LIGHTSPEED VENTURE PARTNERS SELECT III, L.P. 4

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.