Kaveripatnam Sandesh 4

What Happened Kaveripatnam Sandesh, a director of Navan, Inc. (NAVN), was granted 607 shares on 2026-05-20 as an award (code A). The shares were issued at an aggregate value of approximately $11,254 based on a per-share value of $18.54. This was an issuance of fully vested restricted stock units (RSUs) paid in lieu of a cash board retainer — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-20; Filing date: 2026-05-22 (timely filing).
• Grant: 607 shares @ $18.54 per share; total value ≈ $11,254.
• Shares owned following transaction: not disclosed in the filing.
• Footnote: Represents Class A Common Stock underlying RSUs fully vested on the grant date, issued in lieu of a cash retainer totaling $11,250 (footnote F1).
• Transaction code: A = Award/Grant.

Context This was a compensation-related grant to a board member rather than a market buy or sale, so it generally reflects routine director compensation rather than a direct signal of insider trading intent. RSU grants issued in lieu of cash retainers are common and typically treated as ordinary compensation.