Janmohamed Arif 4
4 · Navan, Inc. · Filed Jun 29, 2026
Research Summary
AI-generated summary of this filing
Navan (NAVN) Director Arif Receives RSU Award
What Happened
- Janmohamed Arif, a director of Navan, was granted 9,959 restricted stock units (RSUs) on 2026-06-25. The grant is reported at $0 (no cash exchanged) and represents contingent rights to receive one share of Navan Class A common stock per RSU upon vesting. This is an award/grant (A), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-06-25; Form 4 filed: 2026-06-29 (filed within the SEC two-business-day window).
- Shares/units granted: 9,959 RSUs; reporting price: $0; total reported value: $0.
- Vesting: RSUs subject to a time-based service condition; vesting occurs on the earlier of (i) the first anniversary of the grant or (ii) the issuer’s next annual meeting, provided continued service (per footnote F1).
- Shares owned after the transaction: not specified in the provided excerpt.
- Related footnotes: F2–F4 indicate Arif has relationships to certain investment vehicles and a family trust (Lightspeed funds and a family trust) and disclaims beneficial ownership of shares held in those entities except to the extent of any pecuniary interest.
Context
- RSU grants are non-cash compensation that convert to actual shares only upon vesting; they do not signal an immediate purchase or sale. Such awards are common for directors and employees as retention/incentive compensation.
- Footnotes show some holdings/authority are through investment funds and a family trust, which is institutional/managed ownership rather than direct personal holdings.
Insider Transaction Report
Form 4
Navan, Inc.NAVN
Janmohamed Arif
Director
Transactions
- Award
Class A Common Stock
[F1]2026-06-25−9,959→ 9,959 total
Holdings
- 2,280,989(indirect: By Lightspeed Opportunity Fund, L.P.)
Class A Common Stock
[F2] - 587,965(indirect: By Lightspeed Strategic Partners I L.P.)
Class A Common Stock
[F3] - 40,709(indirect: By Trust)
Class A Common Stock
[F4]
Footnotes (4)
- [F1]Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs are subject to a time-based service condition. The time-based service condition will be satisfied in full on the earlier of (i) the first anniversary of the date of the grant or (ii) the date of the Issuer's next annual meeting of stockholders following the date of the grant, subject to the Reporting Person's continued service through such vesting date.
- [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]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.
- [F4]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|2026-06-29