Janmohamed Arif 4
4 · Navan, Inc. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Navan (NAVN) Director Janmohamed Arif Sells Shares
What Happened
Janmohamed Arif, a director of Navan, sold a total of 2,024,131 Navan (NAVN) shares in open-market transactions on June 12 and June 15, 2026, generating roughly $40.86 million. The individual transactions reported were:
- 197,748 shares at a weighted avg $19.77 — $3,909,478 (6/12/2026)
- 822,069 shares at a weighted avg $20.06 — $16,490,704 (6/12/2026)
- 83 shares at $20.91 — $1,736 (6/12/2026)
- 573,572 shares at a weighted avg $20.19 — $11,580,419 (6/15/2026)
- 430,659 shares at a weighted avg $20.62 — $8,880,189 (6/15/2026)
All transactions are coded as S (sale), i.e., dispositions of shares (not purchases or option exercises).
Key Details
- Transaction dates: June 12, 2026 and June 15, 2026. Filing date: June 15, 2026 (Form 4 accession 0001813938-26-000002).
- Price details: several weighted-average prices reported; footnotes show sale price ranges across multiple trades (rough ranges reported as ~$18.87–$20.91 depending on the block). The filer offers to provide exact per-trade prices on request (per footnotes).
- Shares owned after transaction: not specified in the excerpt of the filing provided.
- Holdings structure: many shares were held via Lightspeed-affiliated funds and a family trust; Arif disclaims direct beneficial ownership of certain lots except to the extent of his pecuniary interest (see footnotes re: Lightspeed Opportunity Fund, Lightspeed Strategic Partners, and family trust).
- Rule/technical notes: one footnote explains a prior in-kind distribution (pro rata) that changed form of ownership and was exempt under Rule 16a-13.
- Transaction code: S = Sale.
Context
These are open-market sales by a director and include shares held through institutional vehicles (Lightspeed funds) where Arif is a manager/director and may share voting/dispositive power but disclaims direct beneficial ownership beyond pecuniary interest. Sales by fund managers or entities can reflect portfolio/liquidity decisions rather than a personal view of the company; filings are factual disclosures and do not, by themselves, indicate company performance. If you want per-trade price details within the reported ranges, the filer's footnotes state they will provide that on request to the issuer, shareholders, or the SEC.
Insider Transaction Report
Form 4
Navan, Inc.NAVN
Janmohamed Arif
Director
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-06-12$19.77/sh−197,748$3,909,478→ 4,583,241 total(indirect: By Lightspeed Opportunity Fund, L.P.) - Sale
Class A Common Stock
[F3][F2]2026-06-12$20.06/sh−822,069$16,490,704→ 3,761,172 total(indirect: By Lightspeed Opportunity Fund, L.P.) - Sale
Class A Common Stock
[F4][F2]2026-06-12$20.91/sh−83$1,736→ 3,761,089 total(indirect: By Lightspeed Opportunity Fund, L.P.) - Sale
Class A Common Stock
[F5][F2]2026-06-15$20.19/sh−573,572$11,580,419→ 3,187,517 total(indirect: By Lightspeed Opportunity Fund, L.P.) - Sale
Class A Common Stock
[F6][F2]2026-06-15$20.62/sh−430,659$8,880,189→ 2,756,858 total(indirect: By Lightspeed Opportunity Fund, L.P.)
Holdings
- 587,965(indirect: By Lightspeed Strategic Partners I L.P.)
Class A Common Stock
[F7] - 40,709(indirect: By Trust)
Class A Common Stock
[F8][F9]
Footnotes (9)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.8748 to $19.8741 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]Shares are held by Lightspeed Opportunity Fund, L.P. ("Opportunity"). Lightspeed General Partner Opportunity Fund, L.P. ("LGP Opportunity") is the general partner of Opportunity. Lightspeed Ultimate General Partner Opportunity Fund, Ltd. ("LUGP Opportunity") is the general partner of LGP Opportunity. The Reporting Person is a director of LUGP Opportunity and shares voting and dispositive power with respect to the shares held by Opportunity. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.8752 to $20.8701 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.90 to $20.9127 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.385 to $20.3849 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.3856 to $20.89 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F7]Shares are held by Lightspeed Strategic Partners I L.P. ("Strategic"). Lightspeed Strategic Partners General Partner I L.P. ("LGP Strategic") is the general partner of Strategic. Lightspeed Strategic Partners Ultimate General Partner I L.L.C. ("LUGP Strategic") is the general partner of LGP Strategic. The Reporting Person is a manager of LUGP Strategic and shares voting and dispositive power with respect to the shares held by Strategic. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F8]The shares held by the Reporting Person prior to the transactions reported herein reflect the receipt of shares pursuant to the pro rata distribution in kind, effected by each of Lightspeed Venture Partners X, L.P. ("Lightspeed X") and Lightspeed Venture Partners Select II, L.P. ("Lightspeed Select II") to its general partner and limited partners for no additional consideration, and the further pro rata distribution in kind by each of the general partners of Lightspeed X and Lightspeed Select II, for no additional consideration to its members, including the Reporting Person. The receipt of such shares by the Reporting Person constituted a change in form of ownership from indirect to direct, which was exempt from reporting pursuant to Rule 16a-13.
- [F9]Shares are held by a family trust, of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his proportionate pecuniary interest therein.
Signature
/s/ Arif Janmohamed|2026-06-15