LightSpeed sells 2.5M NAVN shares for $49.96M

LightSpeed Opportunity Fund LP reported a Rule 144 notice for the sale of 2,500,000 shares of Class A Common Stock on 06/13/2026.

Rhea-AI Filing Summary

LightSpeed Opportunity Fund LP reported a Rule 144 notice for the sale of 2,500,000 shares of Class A Common Stock on 06/13/2026. The transaction lists proceeds of $49,957,077.93 and identifies Merrill Lynch, Pierce, Fenner & Smith Incorporated as the broker. The excerpt notes the shares trace to a private placement dated 01/20/2021 and includes a quoted figure of 239,026,566 shares with a 07/01/2026 label in the securities section.

Insights

Capital Markets Counsel

Routine Rule 144 sale notice showing a large block disposition by an institutional holder.

The excerpt lists a 2,500,000-share sale by LightSpeed Opportunity Fund LP on 06/13/2026 with proceeds of $49,957,077.93. It cites a private placement date of 01/20/2021 and names Merrill Lynch as the broker.

Timing, volume, and price are factual in the excerpt; whether shares were restricted and the holder's eligibility under Rule 144 are not detailed here. Subsequent filings or broker confirmations would show execution details and any compliance with resale conditions.

Key Figures

Shares sold: 2,500,000 shares Proceeds: $49,957,077.93 Form type: Form 144 +2 more

5 metrics

Shares sold 2,500,000 shares sale dated 06/13/2026

Proceeds $49,957,077.93 proceeds reported for the 2,500,000-share sale

Form type Form 144 Rule 144 resale notice

Private placement date 01/20/2021 original issuance labeled in excerpt

Quoted securities figure 239,026,566 number shown with date 07/01/2026 in securities section

Key Terms

Rule 144, Private Placement, Form 144

3 terms

Rule 144 regulatory

"Securities Sold During The Past 3 Months (Form 144) entry"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Private Placement financial

"Class A Common Stock | 01/20/2021 | Private Placement"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

Form 144 regulatory

"CONTENT METADATA: "form_type": "144""

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/01/2026 - 04:33 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001702122
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NAVAN, INC.
SEC File Number	001-42922
Address of Issuer	3045 Park Boulevard Palo Alto CALIFORNIA 94306
Phone	8885058747
Name of Person for Whose Account the Securities are To Be Sold	Lightspeed Management Company, LLC
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Affiliate

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Merrill Lynch, Pierce,Fenner & Smith Incorporated 555 California Street 18th Floor San Francisco CA 94104	10569	260420.16	239026566	07/01/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	01/20/2021	Private Placement	Issuer			10569	01/20/2021	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
LIGHTSPEED OPPORTUNITY FUND LP 2200 SAND HILL RD Menlo Park CA 94025	Class A Common Stock	06/13/2026	2500000	49957077.93

144: Remarks and Signature

Remarks
Date of Notice	07/01/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Ryan Connor
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)