Navan director granted 9,959 RSUs

Williams Anre D reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Williams Anre D reported acquisition or exercise transactions in this Form 4 filing.

Navan, Inc. director Anre D. Williams received an equity award of 9,959 shares of Class A Common Stock in the form of restricted stock units (RSUs) at a stated price of $0.00 per share. After this grant, he holds 225,617 shares directly, including 24,983 RSUs.

The RSUs vest once a time-based service condition is met. That condition is satisfied in full on the earlier of the first anniversary of the grant date or Navan’s next annual meeting of stockholders following the grant date, assuming Williams continues to serve through the vesting date.

Insider Trade Summary

Grant/Award: 9,959 shares

Grant/Award 1 txn

Insider Williams Anre D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	9,959	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 225,617 shares (Direct)

Footnotes (2)

1. F1. Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Issuer's Class A Common Stock. The RSUs are subject to a time-based service condition. The time-based service condition will be satisfied in full on the earlier of (i) the first anniversary of the date of the grant or (ii) the date of Issuer's next annual meeting of stockholders following the date of the grant, subject to Reporting Person's continued service through such vesting date.
2. F2. Includes 24,983 RSUs, each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting.

Key Figures

RSU grant size: 9,959 shares Post-transaction holdings: 225,617 shares Included RSUs: 24,983 RSUs +1 more

4 metrics

RSU grant size 9,959 shares Restricted stock units granted on 2026-06-25

Post-transaction holdings 225,617 shares Total Class A Common Stock held directly after grant

Included RSUs 24,983 RSUs RSUs included within total direct holdings

Grant price $0.00 per share Stated transaction price for RSU award

Key Terms

restricted stock units ("RSUs"), time-based service condition, annual meeting of stockholders

3 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive one share"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

time-based service condition financial

"The RSUs are subject to a time-based service condition."

annual meeting of stockholders financial

"the date of Issuer's next annual meeting of stockholders following the date of the grant"

FAQ

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

What did Navan (NAVN) director Anre D. Williams report on this Form 4?

Navan director Anre D. Williams reported receiving 9,959 shares of Class A Common Stock as restricted stock units. These RSUs were granted at a stated price of $0.00 per share and increase his directly held position to 225,617 shares following the transaction.

How many Navan (NAVN) shares does Anre D. Williams hold after the RSU grant?

Following the RSU grant, Anre D. Williams holds 225,617 shares of Navan Class A Common Stock directly. This total includes 24,983 restricted stock units, each representing a contingent right to receive one share upon vesting under the award’s terms.

What are the vesting conditions for Anre D. Williams’s new Navan RSUs?

The RSUs vest when a time-based service condition is met. That occurs on the earlier of the first anniversary of the grant date or Navan’s next annual meeting of stockholders, provided Williams continues to serve with the company through the applicable vesting date.

Does Anre D. Williams pay cash for the Navan RSUs reported on this Form 4?

No cash outlay is indicated for this grant, as the RSUs were reported at a transaction price of $0.00 per share. This filing reflects a compensation-related equity award rather than an open-market stock purchase by the Navan director.

How many restricted stock units does Anre D. Williams now hold at Navan?

The filing states that his holdings include 24,983 restricted stock units. Each RSU represents a contingent right to receive one share of Navan’s Class A Common Stock upon vesting, subject to the time-based service condition described in the award terms.

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

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Accepted by SEC EDGAR 06/29/2026 - 04:08 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Williams Anre D

(Last) (First) (Middle)

C/O NAVAN, INC.

3045 PARK BOULEVARD

(Street)

PALO ALTO CALIFORNIA 94306

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Navan, Inc. [ NAVN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/25/2026		A		9,959(1)	A	$0	225,617(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Issuer's Class A Common Stock. The RSUs are subject to a time-based service condition. The time-based service condition will be satisfied in full on the earlier of (i) the first anniversary of the date of the grant or (ii) the date of Issuer's next annual meeting of stockholders following the date of the grant, subject to Reporting Person's continued service through such vesting date.

2. Includes 24,983 RSUs, each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting.

Remarks:

	/s/ Howard Baik, Attorney-in-Fact	06/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)