Navan (NAVN) CEO Ariel Cohen Sells 393K Shares for $11.9M

What Happened
Ariel M. Cohen, Chairperson and CEO of Navan, Inc. (NAVN), sold a total of 393,378 shares on August 27, 2026 in open-market transactions at a weighted average price of $30.14, generating approximately $11,858,027 in gross proceeds. The filing also shows multiple conversions of derivative securities into underlying shares (75,000-share lots totaling 225,000 shares) that were part of the transactions. These sales were executed pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction date: August 27, 2026; Form 4 filed August 31, 2026 (within the required reporting window).
• Sales: 168,378 shares sold (open market) + three separate open-market sales of 75,000 shares each = 393,378 shares sold.
• Proceeds & price: Weighted average price $30.14; total proceeds ≈ $11,858,027. Price range across trades: $30.00–$30.66 (weighting disclosed).
• Derivative activity: Three conversions of derivative securities into 75,000 shares each (225,000 shares total). The Form shows conversion entries at $0.00 reflecting issuance of underlying stock on conversion.
• Plan/notes: Sales were made under a 10b5-1 trading plan adopted Jan 6, 2026 (Footnote F1). Weighted average and price range details per filing (Footnote F2).
• Holdings after transaction: The excerpt provided does not state total beneficial ownership after these transactions. Footnotes note 1,086,122 RSUs and Class B→A conversion mechanics (Footnotes F3–F4).

Context

• The 10b5-1 plan indicates these sales were pre-planned and routine, not necessarily a reaction to nonpublic information.
• Conversions of derivative securities reported at $0.00 typically reflect issuance of underlying shares upon conversion; the filing shows those shares were part of the shares disposed.
• For full ownership details and exact per-trade prices/quantities, consult the full Form 4 filing (Accession 0001853730-26-000011).