Kaveripatnam Sandesh 4
4 · Navan, Inc. · Filed Jun 29, 2026
Research Summary
AI-generated summary of this filing
Navan (NAVN) Director Kaveripatnam Sandesh Receives Award
What Happened
Kaveripatnam Sandesh, a director of Navan, Inc. (NASDAQ: NAVN), was granted 9,959 restricted stock units (RSUs) on 2026-06-25. The RSUs were granted at a $0.00 purchase price (total reported value $0) and represent contingent rights to receive one share of Navan Class A common stock per RSU upon vesting. This is an award/grant (not a market purchase or sale) and typically reflects compensation rather than an open‑market investment.
Key Details
- Transaction date and type: 2026-06-25 — Grant/Award (code A) of 9,959 RSUs @ $0.00 (total $0).
- Vesting: RSUs are time‑based; vest in full on the earlier of (i) the first anniversary of the grant or (ii) the issuer’s next annual meeting, subject to continued service (see footnote F1).
- Amount reported as RSUs: Footnote F2 confirms the 9,959 RSUs represent contingent rights to one share each upon vesting.
- Other footnotes (F3, F4): Indicate certain securities are held by funds within the Premji Invest group; the reporting person disclaims beneficial ownership of those fund holdings except to the extent of any pecuniary interest.
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Form 4 filed 2026-06-29 (within two business days of the 6/25 transaction) — appears timely.
Context
RSUs are a common form of equity compensation for directors and employees; they do not represent immediately tradable shares until they vest and convert to common stock. Because this was a compensation grant (price $0) rather than an open‑market purchase, it should be viewed primarily as part of director compensation and not a direct market signal of personal buying or selling.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-06-25+9,959→ 45,811 total
- 2,705,707(indirect: By PI Opportunities Fund II)
Class A Common Stock
[F3] - 5,874,257(indirect: By Napean Trading and Investment Company (Singapore) PTE. LTC.)
Class A Common Stock
[F4]
Footnotes (4)
- [F1]Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of the 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 the Issuer's next annual meeting of stockholders following the date of the grant, subject to the Reporting Person's continued service through such vesting date.
- [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 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 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.
- [F4]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 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.