Navan (NAVN) Director Sandesh Kaveripatnam Receives Award

What Happened
Sandesh Kaveripatnam, a director of Navan, Inc. (NAVN), received an award of 394 shares (Class A common stock) on August 20, 2026. The shares are reported at $28.56 each for a transaction total of $11,253; the filing notes these RSUs were issued in lieu of a cash board retainer valued at $11,250 and were fully vested on the grant date. This was an award/compensation grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-20; reported filing date: 2026-08-24 (filed within the required reporting window).
• Price/value: $28.56 per share; transaction total listed as $11,253 (footnote cites $11,250 as the cash-equivalent retainer).
• Shares acquired: 394 Class A common shares (underlying restricted stock units that were fully vested on grant).
• Shares owned following transaction: Not disclosed in the supplied Form 4 data.
• Footnote: The grant represents RSUs fully vested on the grant date issued in lieu of a cash retainer (footnote F1).
• Transaction type code: A = Award/Grant.

Context
This is routine director compensation issued as vested RSUs rather than a market trade; such awards generally reflect pay practices rather than an insider view on the stock. No exercise, sale, or 10b5-1 plan is indicated in this filing.