4//SEC Filing
Twig Ilan Ezra 4
Accession 0002085105-25-000008
CIK 0001639723other
Filed
Oct 30, 8:00 PM ET
Accepted
Oct 31, 8:51 PM ET
Size
18.6 KB
Accession
0002085105-25-000008
Insider Transaction Report
Form 4
Navan, Inc.NAVN
Twig Ilan Ezra
DirectorChief Technology Officer10% Owner
Transactions
- Sale
Class A Common Stock
2025-10-31$25.00/sh−1,000,000$25,000,000→ 8,939,081 total(indirect: By Trust) - Conversion
Class B Common Stock
2025-10-31+8,939,081→ 8,939,081 total(indirect: By Trust)→ Class A Common Stock (8,939,081 underlying) - Conversion
Class B Common Stock
2025-10-31+766,666→ 766,666 total(indirect: By Trust)→ Class A Common Stock (766,666 underlying) - Conversion
Class A Common Stock
2025-10-31−766,666→ 0 total(indirect: By Trust) - Conversion
Class B Common Stock
2025-10-31+127,846→ 127,846 total(indirect: By Trust)→ Class A Common Stock (127,846 underlying) - Conversion
Class A Common Stock
2025-10-31−127,846→ 0 total(indirect: By Trust) - Conversion
Class A Common Stock
2025-10-31−8,939,081→ 0 total(indirect: By Trust)
Holdings
- 587,222
Class A Common Stock
Footnotes (6)
- [F1]The shares are held of record by The Ilan Twig Living Trust, for which the Reporting Person is the trustee.
- [F2]Upon the completion of the Issuer's initial public offering of Class A Common Stock ("IPO"), each share of Class A Common Stock was exchanged at a 1:1 ratio for shares of Class B Common Stock.
- [F3]The shares are held of record by The Twig Irrevocable Gift Trust, for which the Reporting Person may be deemed to have voting and investment power.
- [F4]The shares are held of record by the Leeor Eli Twig GST Trust, for which the Reporting Person may be deemed to have voting and investment power.
- [F5]Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting. Immediately following the completion of the IPO, at the election of the Reporting Person, each share of Class A Common Stock issued upon vesting and settlement of the RSU may be exchanged at a 1:1 ratio for a share of Class B Common Stock.
- [F6]Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon the sale or transfer of such share of Class B Common Stock, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. The Class B Common Stock has no expiration date.
Documents
Issuer
Navan, Inc.
CIK 0001639723
Entity typeother
Related Parties
1- filerCIK 0002085105
Filing Metadata
- Form type
- 4
- Filed
- Oct 30, 8:00 PM ET
- Accepted
- Oct 31, 8:51 PM ET
- Size
- 18.6 KB