Janmohamed Arif 4

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.