Navan insider Ilan Twig plans $770K share sale

Rule 144 notice for Navan, Inc. discloses Ilan Twig’s planned sale of 36,040 Class A shares and a prior RSU-related tax sale within the last three months.

Rhea-AI Filing Summary

Navan, Inc. (NAVN) is the issuer for a Rule 144 notice filed by Ilan Twig covering proposed sales of Class A Common Stock. The notice lists up to 36,040 shares of Navan Class A Common Stock to be sold through Morgan Stanley Smith Barney Executive Financial Services, with an aggregate market value of $769,814.40 and a listed trading market of NASDAQ as of September 21, 2026.

The notice also discloses earlier grants of restricted stock units from Navan totaling 24,068 RSUs (granted April 24, 2025) and 11,972 RSUs (granted May 21, 2026). In the past three months, Ilan Twig sold 24,726 shares of Class A Common Stock on June 22, 2026 for an aggregate sale price of $520,816.10. The filer states that the current transaction is a sell-to-cover sale for taxes owed related to recent vesting and settlement of restricted stock units granted by Navan.

Key Figures

Shares to be sold: 36,040 shares Aggregate market value of shares to be sold: $769,814.40 Shares sold in past three months: 24,726 shares +4 more

7 metrics

Shares to be sold 36,040 shares Navan Class A Common Stock covered by the Rule 144 notice

Aggregate market value of shares to be sold $769,814.40 Value of 36,040 Navan Class A shares as of September 21, 2026

Shares sold in past three months 24,726 shares Navan Class A Common Stock sold on June 22, 2026 by Ilan Twig

Aggregate sale price in past three months $520,816.10 Total received for 24,726 Navan Class A shares sold June 22, 2026

RSUs granted April 24, 2025 24,068 restricted stock units Navan Class A Common Stock underlying RSUs granted by the issuer

RSUs granted May 21, 2026 11,972 restricted stock units Additional Navan Class A RSUs granted by the issuer

Date of notice September 21, 2026 Filing date of the Rule 144 notice for Navan, Inc.

Key Terms

Rule 144, Restricted Stock Units, sell-to-cover transaction, 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.

Restricted Stock Units financial

"Class A Common Stock | 04/24/2025 | Restricted Stock Units | Issuer"

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.

sell-to-cover transaction financial

"This is a sell-to-cover transaction for taxes owed related to recent vesting"

A sell-to-cover transaction is when a person granted company stock (for example as part of compensation or option exercise) immediately sells enough of those shares to pay required taxes or exercise costs and keeps the rest. Think of it like cashing part of a bonus to cover the tax bill; it provides necessary cash without the holder needing outside funds. Investors watch these sales because they increase trading volume and slightly reduce insider holdings, but they often reflect routine tax or cost management rather than a judgment on the company’s prospects.

aggregate market value financial

"Class A Common Stock ... 36,040 | 769,814.4 | 245369100"

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

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

What does Navan, Inc. (NAVN) disclose about the shares to be sold in this Form 144?

The notice covers up to 36,040 shares of Navan Class A Common Stock to be sold through Morgan Stanley Smith Barney Executive Financial Services, with an aggregate market value of $769,814.40 as of September 21, 2026.

Who is selling Navan (NAVN) shares under this Rule 144 notice and on whose account?

The Rule 144 notice is filed for the account of Ilan Twig. The filing states that information is provided for the person for whose account the securities are to be sold, consistent with Rule 144 requirements.

What prior Navan (NAVN) share sales are reported in the past three months?

The filing reports that on June 22, 2026, Ilan Twig sold 24,726 shares of Navan Class A Common Stock for an aggregate sale price of $520,816.10 within the preceding three months.

What is the purpose of the planned Navan (NAVN) share sale described in this notice?

The filer states that the transaction is a sell-to-cover sale for taxes owed related to recent vesting and settlement of restricted stock units that were granted by Navan, Inc.

What Navan (NAVN) restricted stock unit grants related to this Form 144 are disclosed?

The notice lists Navan Class A Common Stock underlying 24,068 restricted stock units granted on April 24, 2025 and 11,972 restricted stock units granted on May 21, 2026, both issued by Navan, Inc.

On which market are the Navan (NAVN) shares in this Form 144 listed?

The Class A Common Stock referenced in the Form 144 is identified as being listed on NASDAQ, with the securities described as Navan, Inc. Class A Common Stock.

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

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Available on EDGAR 09/21/2026 - 09:41 PM Accepted by SEC EDGAR 09/21/2026 - 09:41 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	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	260 CALIFORNIA AVENUE, FLOOR 2 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
Relationship to Issuer	Director

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	36040	769814.4	245369100	09/21/2026	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			24068	04/24/2025	N/A
Class A Common Stock	05/21/2026	Restricted Stock Units	Issuer			11972	05/21/2026	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
Ilan Twig 260 California Avenue, Floor 2 Palo Alto CA 94306	Class A Common Stock	06/22/2026	24726	520816.10

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	09/21/2026
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)