Sindicich Michael Eric 4

What Happened
Michael Eric Sindicich, President of Navan, sold a total of 9,349 shares of Navan (9,081 shares at $13.85 and 268 shares at $14.03) on 2026-01-28, generating proceeds of approximately $129,532. The sales are reported as open-market/ private sales (code S) but, per the filing footnote, were executed to satisfy tax withholding obligations related to RSU vesting — i.e., a "sell-to-cover" rather than a discretionary sell.

Key Details

• Transaction date: 2026-01-28; Filing date: 2026-01-30 (appears timely).
• Trades: 9,081 shares @ $13.85 = $125,772; 268 shares @ $14.03 = $3,760; Total 9,349 shares ≈ $129,532.
• Shares owned after transaction: filing does not state total shares owned after the sale.
• Footnotes: F1 — sale was to cover tax withholding on RSU vesting (not a discretionary trade). F2 — filing includes 70,112 RSUs (each a contingent right to one share upon vesting).
• Transaction code: S = Sale; F indicates tax withholding/sell-to-cover context.

Context
Sell-to-cover sales are routine tax-related transactions tied to the vesting of restricted stock units and do not necessarily indicate the insider's view on the company. For retail investors, purchases by insiders tend to be more informative than routine withholding sales; this filing documents a tax-driven disposition of shares rather than a market-timed sale.