LIGHTSPEED VENTURE PARTNERS SELECT III, L.P. 4
4 · Navan, Inc. · Filed Jul 9, 2026
Research Summary
AI-generated summary of this filing
Navan (NAVN) — Lightspeed Select II Sells 8,983 Shares
What Happened
Lightspeed Venture Partners Select II (a 10% institutional holder) reported a series of in‑kind distributions and internal transfers on 2026-07-07, followed by an open‑market sale of 8,983 Navan (NAVN) shares on 2026-07-08. The open‑market sale was reported at a weighted average price of $25.36 for total proceeds of approximately $227,809. The larger zero‑price entries on 2026-07-07 represent pro rata, in‑kind distributions and internal allocations (not purchases or cash sales).
Key Details
- Primary cash transaction: 8,983 shares sold on 2026-07-08; weighted average price $25.36; proceeds ≈ $227,809. Reported sale prices ranged $25.27–$25.53 (footnote F15).
- Multiple 2026-07-07 entries (e.g., 2,979,102; 1,894,598; 670,005; 401,655; 192,885) are reported at $0.00 and are described in footnotes as pro rata, in‑kind distributions to partners (no purchase/sale).
- Filing notes this is the second of two Form 4s covering related reporting persons (split due to >10 reporting persons).
- Shares owned after the reported transactions are not specified in this Form 4.
- Institutional holder (10% owner), not an individual executive — transactions reflect fund/partner distributions and a small open‑market sale.
Context
- In‑kind distributions (footnotes F1, F5, F12, etc.) are fund-side allocations to partners and do not represent market-driven purchases or sales by an executive.
- The only cash-generating activity here was the small open‑market sale (~$228k); that sale alone is modest relative to the large in‑kind movements reported.
- Filing appears timely (Form 4 filed 2026-07-09 reporting transactions dated 2026-07-07/07-08).
If you want, I can pull the companion Form 4 to show combined holdings or list the other reporting entities involved.
Insider Transaction Report
Form 4
Navan, Inc.NAVN
Transactions
- Other
Class A Common Stock
[F1][F2]2026-07-07−2,979,102→ 16,881,575 total(indirect: By Lightspeed Venture Partners X, L.P.) - Other
Class A Common Stock
[F3][F4]2026-07-07−192,885→ 0 total(indirect: By Lightspeed Affiliates X, L.P.) - Other
Class A Common Stock
[F5][F6]2026-07-07−1,894,598→ 10,736,057 total(indirect: By Lightspeed Venture Partners Select II, L.P.) - Other
Class A Common Stock
[F7][F8]2026-07-07+670,005→ 670,005 total(indirect: By Lightspeed General Partner X, L.P.) - Other
Class A Common Stock
[F9][F8]2026-07-07−670,005→ 0 total(indirect: By Lightspeed General Partner X, L.P.) - Other
Class A Common Stock
[F10][F11]2026-07-07+401,655→ 401,655 total(indirect: By Lightspeed General Partner Select II, L.P.) - Other
Class A Common Stock
[F12][F11]2026-07-07−401,655→ 0 total(indirect: By Lightspeed General Partner Select II, L.P.) - Other
Class A Common Stock
[F13][F14]2026-07-07+8,983→ 8,983 total(indirect: By Lightspeed Management Company, L.L.C.) - Sale
Class A Common Stock
[F15][F14]2026-07-08$25.36/sh−8,983$227,809→ 0 total(indirect: By Lightspeed Management Company, L.L.C.)
Holdings
- 2,280,989(indirect: By Lightspeed Opportunity Fund, L.P.)
Class A Common Stock
[F16] - 587,965(indirect: By Lightspeed Strategic Partners I L.P.)
Class A Common Stock
[F17] - 6,134,518(indirect: By Lightspeed Venture Partners Select III, L.P.)
Class A Common Stock
[F18]
Footnotes (18)
- [F1]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Venture Partners X, L.P. ("Lightspeed X") to its general partner and limited partners without additional consideration.
- [F10]Represents receipt of shares in the distribution in kind described in footnote (5).
- [F11]Shares are held by LGP Select II. LUGP Select II is the general partner of LGP Select II. LUGP Select II disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.
- [F12]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by LGP Select II to its limited partners without additional consideration.
- [F13]Represents receipt of shares in the distributions in kind described in footnotes (9) and (12).
- [F14]The shares held by Lightspeed Management Company, L.L.C.
- [F15]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.27 to $25.53 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.
- [F16]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.
- [F17]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.
- [F18]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.
- [F2]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.
- [F3]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Affiliates X, L.P. ("Affiliates X") to its limited partners without additional consideration.
- [F4]Shares are held by 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.
- [F5]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Venture Partners Select II, L.P. ("Lightspeed Select II") to its general partner and limited partners without additional consideration.
- [F6]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.
- [F7]Represents receipt of shares in the distribution in kind described in footnote (1).
- [F8]Shares are held by LGP X. LUGP X is the general partner of LGP X. LUGP X disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.
- [F9]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by LGP X to its limited partners without additional consideration.