Janmohamed Arif 4

What Happened

• Director Janmohamed Arif reported three sales of Navan (NAVN) stock on June 16–17, 2026, totaling 475,869 shares for approximately $9.10 million.
  • 398,546 shares sold on 2026-06-16 at a weighted average price of $19.13 (proceeds $7,624,185). (Prices in this lot ranged $18.8945–$19.66.)
  • 47,984 shares sold on 2026-06-17 at a weighted average price of $18.71 (proceeds $897,781). (Prices in this lot ranged $18.40–$19.39.)
  • 29,339 shares sold on 2026-06-17 at a weighted average price of $19.64 (proceeds $576,218). (Prices in this lot ranged $19.40–$19.9957.)
• These were reported as sales (S) — open-market/private sales — and therefore represent dispositions, not purchases.

Key Details

• Transaction dates: June 16–17, 2026; Filing date: June 18, 2026 (appears filed within the SEC two‑business‑day window).
• Total shares sold: 475,869; Total proceeds: ~$9.10M.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • Weighted-average prices reported; seller will provide breakdown of trades by price on request (ranges provided for each lot).
  • Some shares are held via Lightspeed-related funds and a family trust; the reporting person states shared voting/dispositive power and disclaims beneficial ownership except for pecuniary interest.
• No 10b5-1 plan, tax withholding, or late-filing flag indicated in the supplied details.

Context

• Sales by directors can be routine (portfolio rebalancing, fund liquidity) and aren’t direct indicators of company performance; purchases generally carry more informational weight for bullish signals.
• Here, several lots were sold across two days via open-market transactions; footnotes indicate the shares involve Lightspeed-affiliated investment vehicles and a family trust, so the reported sales may reflect institutional/fund-level activity rather than personal stock trading.