HOROWITZ BENJAMIN A 4
4 · Navan, Inc. · Filed Jun 29, 2026
Research Summary
AI-generated summary of this filing
Navan (NAVN) 10% Owner Ben Horowitz Receives RSU Award
What Happened
- Benjamin A. Horowitz (reported as a 10% owner) received a grant of 9,959 restricted stock units (RSUs) on 2026-06-25. The grant is reported as an "award/acquisition" (code A) at $0.00 (no cash paid).
- Each RSU represents a contingent right to one share of Navan Class A common stock upon vesting. The units will vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the issuer’s next annual meeting of stockholders, subject to Horowitz’s continued service.
Key Details
- Transaction date: 2026-06-25; Filing date: 2026-06-29 (filed by the next business day, timely under Form 4 rules).
- Grant: 9,959 RSUs; reported acquisition price: $0.00.
- Shares owned after transaction: not specified in the excerpt provided.
- Notable footnotes: F1/F2 explain these are time‑based RSUs with the vesting schedule above. Additional footnotes (F3–F10) note many Navan shares are held of record by various Andreessen Horowitz funds and that the Reporting Person disclaims beneficial ownership of those fund‑held shares except to the extent of any pecuniary interest.
- Transaction code: A = Award/Grant.
Context
- RSU grants are a form of compensation and typically subject to service-based vesting; they are not an immediate purchase signal. They become economically meaningful only at vesting (when they convert to shares).
- As a reported 10% owner with affiliations to Andreessen Horowitz funds, filings include standard disclaimers about fund ownership and voting/dispositive powers; this filing documents a personal grant of RSUs rather than an open‑market purchase or sale.
Insider Transaction Report
Form 4
Navan, Inc.NAVN
HOROWITZ BENJAMIN A
Director10% Owner
Transactions
- Award
Class A Common Stock
[F1][F2]2026-06-25+9,959→ 10,971 total
Holdings
- 8,346,792(indirect: By Andreessen Horowitz LSV Fund II, L.P.)
Class A Common Stock
[F3] - 6,757,090(indirect: By Andreessen Horowitz LSV Fund I, L.P.)
Class A Common Stock
[F4] - 607,161(indirect: By Andreessen Horowitz LSV Fund III, L.P.)
Class A Common Stock
[F5][F6] - 2,081,772(indirect: By Andreessen Horowitz Fund V, L.P.)
Class A Common Stock
[F7] - 17,001(indirect: By CLF Partners, LP)
Class A Common Stock
[F8] - 10,408,860(indirect: By AH Parallel Fund V, L.P.)
Class A Common Stock
[F9][F10]
Footnotes (10)
- [F1]Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Issuer's Class A Common Stock. The RSUs are subject to a time-based service condition. The time-based service condition will be satisfied in full on the earlier of (i) the first anniversary of the date of the grant or (ii) the date of Issuer's next annual meeting of stockholders following the date of the grant, subject to Reporting Person's continued service through such vesting date.
- [F10](Continued from Footnote 9) The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH Parallel Fund V Entities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.
- [F2]Includes 9,959 RSUs, each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting.
- [F3]These shares are held of record by Andreessen Horowitz LSV Fund II, L.P. ("AH LSV Fund II"), for itself and as nominee for Andreessen Horowitz LSV Fund II-B, L.P. and Andreessen Horowitz LSV Fund II-Q, L.P. (collectively, the "AH LSV Fund II Entities"). AH Equity Partners LSV II, L.L.C. ("AH EP LSV II "), the general partner of AH LSV Fund II, may be deemed to have sole voting and dispositive power over the shares held by the AH LSV Fund II Entities. The Reporting Person and Marc Andreessen are the managing members of AH EP LSV II and may be deemed to have shared voting and dispositive power over the shares held by the AH LSV Fund II Entities. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH LSV Fund II Entities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.
- [F4]These shares are held of record by Andreessen Horowitz LSV Fund I, L.P. ("AH LSV Fund I"), for itself and as nominee for Andreessen Horowitz LSV Fund I-B, L.P. and Andreessen Horowitz LSV Fund I-Q, L.P. (collectively, the "AH LSV Fund I Entities"). AH Equity Partners LSV I, L.L.C. ("AH EP LSV I"), the general partner of AH LSV Fund I, may be deemed to have sole voting and dispositive power over the shares held by the AH LSV Fund I Entities. The Reporting Person and Marc Andreessen are the managing members of AH EP LSV I and may be deemed to have shared voting and dispositive power over the shares held by the AH LSV Fund I Entities. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH LSV Fund I Entities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.
- [F5]These shares are held of record by Andreessen Horowitz LSV Fund III, L.P. ("AH LSV Fund III"), for itself and as nominee for Andreessen Horowitz LSV Fund III-B, L.P., AH 2022 Annual Fund, L.P., AH 2022 Annual Fund-B, L.P., and AH 2022 Annual Fund-QC, L.P. (collectively, the "AH LSV Fund III Entities"). AH Equity Partners LSV III, L.L.C. ("AH EP LSV III"), the general partner of AH LSV Fund III, may be deemed to have sole voting and dispositive power over the shares held by the AH LSV Fund III Entities.
- [F6](Continued from Footnote 5) The Reporting Person and Marc Andreessen are the managing members of AH EP LSV III and may be deemed to have shared voting and dispositive power over the shares held by the AH LSV Fund III Entities. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH LSV Fund III Entities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.
- [F7]These shares are held of record by Andreessen Horowitz Fund V, L.P. ("AH Fund V"), for itself and as nominee for Andreessen Horowitz Fund V-A, L.P., Andreessen Horowitz Fund V-B, L.P. and Andreessen Horowitz Fund V-Q, L.P. (collectively, the "AH Fund V Entities"). AH Equity Partners V, L.L.C. ("AH EP V"), the general partner of AH Fund V, may be deemed to have sole voting and dispositive power over the shares held by the AH Fund V Entities. The Reporting Person and Marc Andreessen are the managing members of AH EP V and may be deemed to have shared voting and dispositive power over the shares held by the AH Fund V Entities. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH Fund V Entities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.
- [F8]These shares are held of record by CLF Partners, LP ("CLF"). AH EP V, the general partner of CLF, may be deemed to have sole voting and dispositive power over the shares held by CLF. The Reporting Person and Marc Andreessen are the managing members of AH EP V and may be deemed to have shared voting and dispositive power over the shares held by CLF. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by CLF and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.
- [F9]These shares are held of record by AH Parallel Fund V, L.P. ("AH Parallel V"), for itself and as nominee for AH Parallel Fund V-A, L.P., AH Parallel Fund V-B, L.P. and AH Parallel Fund V-Q, L.P. (collectively, the "AH Parallel Fund V Entities"). AH Equity Partners V (Parallel), L.L.C. ("AH EP V Parallel"), the general partner of AH Parallel V, may be deemed to have sole voting and dispositive power over the shares held by the AH Parallel Fund V Entities. The Reporting Person and Marc Andreessen are the managing members of AH EP V Parallel and may be deemed to have shared voting and dispositive power over the shares held by the AH Parallel Fund V Entities.
Signature
/s/ Phil Hathaway, Attorney-in-Fact for Benjamin Horowitz|2026-06-29