Trust holding 2015 Navan (NASDAQ: NAVN) founder shares moves to sell

Rhea-AI Filing Summary

Navan, Inc. (NAVN) is named as the issuer in a notice that The Sivan Cohen GST Trust intends to sell up to 75,000 shares of common stock under Rule 144. The proposed sale is through Morgan Stanley Smith Barney LLC Executive Financial Services on NASDAQ, with an approximate aggregate market value of $2,199,750.00.

The notice reports that Navan, Inc. had 239,026,566 shares of common stock outstanding, and references the common stock as “Founders Shares” originally acquired from the issuer on February 26, 2015. It also lists a prior sale of 41,530 shares of Navan, Inc. common stock for $874,821.14 during the past three months by Ariel Cohen.

Key Figures

Shares proposed for sale: 75,000 shares of common stock Aggregate market value of proposed sale: $2,199,750.00 Shares outstanding: 239,026,566 shares of common stock +3 more

6 metrics

Shares proposed for sale 75,000 shares of common stock Maximum number of Navan, Inc. shares The Sivan Cohen GST Trust intends to sell under Rule 144

Aggregate market value of proposed sale $2,199,750.00 Approximate aggregate market value of the 75,000 Navan, Inc. common shares

Shares outstanding 239,026,566 shares of common stock Total Navan, Inc. common shares outstanding referenced in the notice

Date shares were originally acquired 02/26/2015 Acquisition date of the Founders Shares from the issuer by The Sivan Cohen GST Trust

Shares sold in past 3 months 41,530 shares of common stock Navan, Inc. shares sold by Ariel Cohen during the past three months

Aggregate consideration for past 3-month sales $874,821.14 Total proceeds reported for Ariel Cohen’s 41,530 Navan, Inc. shares sold in the past three months

Key Terms

Rule 144, Founders Shares, GST Trust, aggregate market value

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

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.

Founders Shares financial

"Common | 02/26/2015 | Founders Shares | Issuer"

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

GST Trust financial

"Name of Person for Whose Account the Securities are To Be Sold | THE SIVAN COHEN GST TRUST"

aggregate market value financial

"Common | Morgan Stanley... | 75000 | 2199750.00 |"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

What does this Rule 144 notice disclose about Navan, Inc. (NAVN) shares?

It discloses that The Sivan Cohen GST Trust intends to sell up to 75,000 shares of Navan, Inc. common stock under Rule 144, with an approximate aggregate market value of $2,199,750.00, to be sold through Morgan Stanley Smith Barney LLC on NASDAQ.

How many Navan, Inc. (NAVN) shares are planned for sale under this notice?

The notice lists a proposed sale of 75,000 shares of Navan, Inc. common stock by The Sivan Cohen GST Trust. These shares are described as Founders Shares originally acquired from Navan, Inc. on February 26, 2015.

What is the stated value of the Navan, Inc. (NAVN) shares to be sold?

The proposed 75,000 Navan, Inc. common shares have an approximate aggregate market value of $2,199,750.00. This value is associated with the intended Rule 144 sale through Morgan Stanley Smith Barney LLC Executive Financial Services.

How many Navan, Inc. (NAVN) shares are reported as outstanding in this notice?

The notice reports that Navan, Inc. has 239,026,566 shares of common stock outstanding. This figure is provided as the issuer’s total common shares outstanding and is separate from the 75,000 shares covered by the planned sale.

What prior Navan, Inc. (NAVN) share sales are disclosed for the past three months?

The filing reports that 41,530 shares of Navan, Inc. common stock were sold during the past three months by Ariel Cohen for an aggregate consideration of $874,821.14. This is listed in the section covering securities sold during the past three months.

Through which broker are the Navan, Inc. (NAVN) shares expected to be sold?

The planned sale of 75,000 Navan, Inc. common shares is listed as being through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York, NY, with trading on NASDAQ.

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

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Available on EDGAR 08/27/2026 - 04:18 PM Accepted by SEC EDGAR 08/27/2026 - 04:17 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	0001853730
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	THE SIVAN COHEN GST TRUST
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	Director
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
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	75000	2199750.00	239026566	08/27/2026	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 *
Common	02/26/2015	Founders Shares	Issuer			75000	02/26/2015	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
ARIEL COHEN 3045 Park Boulevard Palo Alto CA 94306	Common	06/22/2026	41530	874821.14

144: Remarks and Signature

Remarks
Date of Notice	08/27/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	01/06/2026
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/ Meital Cohen Karlsberg
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)