4//SEC Filing
Kaveripatnam Sandesh 4
Accession 0001753516-25-000007
CIK 0001639723other
Filed
Nov 3, 7:00 PM ET
Accepted
Nov 4, 5:10 PM ET
Size
23.9 KB
Accession
0001753516-25-000007
Insider Transaction Report
Form 4
Navan, Inc.NAVN
Kaveripatnam Sandesh
Director
Transactions
- Conversion
Class A Common Stock
2025-10-31$21.25/sh+5,089,572$108,153,405→ 5,089,572 total(indirect: By Napean Trading and Investment Company (Singapore) PTE. LTC.) - Exercise of In-Money
Class A Common Stock
2025-10-31$0.03/sh+784,685$23,541→ 5,874,257 total(indirect: By Napean Trading and Investment Company (Singapore) PTE. LTC.) - Exercise of In-Money
Warrant (Right to Buy)
2025-10-31−784,685→ 0 total(indirect: By Napean Trading and Investment Company (Singapore) PTE. LTC)Exercise: $0.03→ Class A Common Stock (784,685 underlying) - Conversion
Series G-1 Preferred Stock
2025-10-31−8,010,958→ 0 total(indirect: By PI Opportunities Fund II)→ Class A Common Stock (2,705,707 underlying) - Conversion
Simple Agreement for Future Equity
2025-10-31→ 0 total(indirect: By Napean Trading and Investment Company (Singapore) PTE. LTC.)→ Class A Common Stock (5,089,572 underlying) - Exercise of In-Money
Warrant (Right to Buy)
2025-10-31−4,708→ 0 totalExercise: $0.03→ Class A Common Stock (4,708 underlying) - Conversion
Class A Common Stock
2025-10-31+2,705,707→ 2,705,707 total(indirect: By PI Opportunities Fund II) - Conversion
Class A Common Stock
2025-10-31$21.25/sh+30,537$648,911→ 30,537 total - Exercise of In-Money
Class A Common Stock
2025-10-31$0.03/sh+4,708$141→ 35,245 total - Conversion
Simple Agreement for Future Equity
2025-10-31→ 0 total→ Class A Common Stock (30,537 underlying)
Footnotes (6)
- [F1]Each share of Series G-1 Preferred Stock automatically converted into shares of Class A Common Stock immediately prior to the closing of the Issuer's initial public offering ("IPO") for no additional consideration at a conversion ratio that was dependent upon the initial price per share to the public in the Issuer's IPO.
- [F2]These securities are held by PI Opportunities Fund II ("PI Fund II"), a fund within the Premji Invest Group ("PI"). The Reporting Person is employed by PI International Holdings LLC, an entity within PI, and is a managing partner within PI. The Reporting Person disclaims beneficial ownership of the securities held by PI Fund II except to the extent of his pecuniary interest, if any, therein.
- [F3]These securities are held by Napean Trading and Investment Company (Singapore) Pte Ltd ("Napean Singapore"), an entity within PI. The Reporting Person is employed by PI International Holdings LLC, an entity within PI, and is a managing partner within PI. The Reporting Person disclaims beneficial ownership of the securities held by Napean Singapore except to the extent of his pecuniary interest, if any, therein.
- [F4]This Simple Agreement for Future Equity in the principal amount of $100,000,000, plus accrued interest thereon in the aggregate amount of $8,153,424.66, automatically converted into shares of Class A Common Stock at $21.25 per share upon the closing of the IPO and had no expiration date.
- [F5]This Simple Agreement for Future Equity in the principal amount of $600,000, plus accrued interest thereon in the aggregate amount of $48,920.55, automatically converted into shares of Class A Common Stock at $21.25 per share upon the closing of the IPO and had no expiration date.
- [F6]These warrants were exercised upon the closing of the IPO pursuant to an irrevocable commitment by the holder.
Documents
Issuer
Navan, Inc.
CIK 0001639723
Entity typeother
Related Parties
1- filerCIK 0001753516
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 7:00 PM ET
- Accepted
- Nov 4, 5:10 PM ET
- Size
- 23.9 KB