Janmohamed Arif 4

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.