Kaveripatnam Sandesh 4

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.