Morgan Stanley entity proposes sale of 24,726 Class A shares

Morgan Stanley Smith Barney Executive Financial Services submitted a Form 144 reporting a proposed sale of 24,726 shares of Class A Common Stock, dated 06/22/2026.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney Executive Financial Services submitted a Form 144 reporting a proposed sale of 24,726 shares of Class A Common Stock, dated 06/22/2026. The filing shows an aggregate amount of $541,746.66 and references Restricted Stock Units dated 04/24/2025.

The notice lists the securities to be sold on NASDAQ. No shares sold during the past three months are indicated in the excerpt.

Insights

Securities Counsel

Form 144 notifies the market of a proposed resale under Rule 144; it does not itself effect a sale.

The filing lists 24,726 shares of Class A Common Stock and an aggregate figure of $541,746.66, with a referenced Restricted Stock Units date of 04/24/2025. This indicates the seller plans a Rule 144 resale pathway for these shares.

Timing and execution details are not provided in the excerpt. Subsequent broker reports or a Form 4/5 would show completed transactions; review market filings for any follow-up disclosures.

Key Figures

Shares proposed: 24,726 shares Aggregate amount shown: $541,746.66 Filing date: 06/22/2026

3 metrics

Shares proposed 24,726 shares Class A Common Stock

Aggregate amount shown $541,746.66 figure listed on the Form 144 cover data

Filing date 06/22/2026 date shown on the excerpt

Key Terms

Restricted Stock Units, Form 144, Class A Common Stock

3 terms

Restricted Stock Units financial

"Restricted Stock Units | Issuer | 04/24/2025"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Form 144 regulatory

"Filer Information | 144: Filer Information"

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.

Class A Common Stock financial

"Class A Common Stock | Morgan Stanley Smith Barney Executive Financial Services"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the NAVN Form 144 disclose about the sale?

The filing discloses a proposed resale of 24,726 shares of Class A Common Stock. It shows an aggregate amount of $541,746.66 and lists the sale venue as NASDAQ.

Who is the reported selling party on the Form 144 (NAVN)?

The filer is identified as Morgan Stanley Smith Barney Executive Financial Services at 1 New York Plaza. The document lists that entity as the seller for the reported shares.

Are the shares tied to compensation awards?

Yes. The filing references Restricted Stock Units dated 04/24/2025, indicating the shares reported relate to previously issued RSUs to the filer or holder.

Does this Form 144 confirm the shares were sold?

No. Form 144 notifies intent to resell under Rule 144. The excerpt does not report completed sales; no shares sold during the past three months are shown in the provided content.

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

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Accepted by SEC EDGAR 06/22/2026 - 08:38 PM EDT 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	0002085105
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	(650) 988-8500
Name of Person for Whose Account the Securities are To Be Sold	Ilan Twig
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	Officer

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	Morgan Stanley Smith Barney Executive Financial Services 1 New York Plaza, 8th Floor New York NY 10004	24726	541746.66	240509434	06/22/2026	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	04/24/2025	Restricted Stock Units	Issuer			24726	04/24/2025	N/A

* 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

Nothing to Report

144: Remarks and Signature

Remarks	This is a sell-to-cover transaction for taxes owed related to recent vesting and settlement of restricted stock units granted by the Issuer.
Date of Notice	06/22/2026
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	/s/ Ilan Twig
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)