Lightspeed funds trim Navan (NAVN) stake with 475,869-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Navan, Inc. reported insider activity by Lightspeed-affiliated funds. Lightspeed Opportunity Fund, L.P. executed open-market sales totaling 475,869 shares of Class A Common Stock on June 16–17 at reported prices of $19.13, $19.64, and $18.71 per share.
After the June 16 sale of 398,546 shares at $19.13, Lightspeed Opportunity Fund, L.P. reported 2,358,312 shares held indirectly. Additional entries show large indirect holdings by other Lightspeed funds, which are disclosed here without new buy or sell transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 475,869 shares ($9,098,184)
Net Sell
8 txns
Insider
Lightspeed Venture Partners Select II, L.P., Lightspeed General Partner Select II, L.P., Lightspeed Ultimate General Partner Select II, Ltd., LIGHTSPEED VENTURE PARTNERS SELECT III, L.P., Lightspeed General Partner Select III, L.P., Lightspeed Ultimate General Partner Select III, Ltd.
Role
null | null | null | null | null | null
Sold
475,869 shs ($9.10M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 47,984 | $18.71 | $898K |
| Sale | Class A Common Stock | 29,339 | $19.64 | $576K |
| Sale | Class A Common Stock | 398,546 | $19.13 | $7.62M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 2,310,328 shares (Indirect, By Lightspeed Opportunity Fund, L.P.)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.8945 to $19.66 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Shares are held by Lightspeed Opportunity Fund, L.P. ("Opportunity"). Lightspeed General Partner Opportunity Fund, L.P. ("LGP Opportunity") is the general partner of Opportunity. Lightspeed Ultimate General Partner Opportunity Fund, Ltd. ("LUGP Opportunity") is the general partner of LGP Opportunity. Each of LGP Opportunity and LUGP Opportunity disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.40 to $19.39 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.40 to $19.9957 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Shares are held by Lightspeed X. Lightspeed General Partner X, L.P. ("LGP X") is the general partner of Lightspeed X. Lightspeed Ultimate General Partner X, Ltd. ("LUGP X") is the general partner of LGP X. Each of LGP X and LUGP X disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein. Shares are held by Lightspeed Affiliates X, L.P. ("Affiliates X"). LGP X is the general partner of Affiliates X. LUGP X is the general partner of LGP X. Each of LGP X and LUGP X disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein. Shares are held by Lightspeed Strategic Partners I L.P. ("Strategic"). Lightspeed Strategic Partners General Partner I L.P. ("LGP Strategic") is the general partner of Strategic. Lightspeed Strategic Partners Ultimate General Partner I L.L.C. ("LUGP Strategic") is the general partner of LGP Strategic. Each of LGP Strategic and LUGP Strategic disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein. Shares are held by Lightspeed Select II. Lightspeed General Partner Select II, L.P. ("LGP Select II") is the general partner of Lightspeed Select II. Lightspeed Ultimate General Partner Select II, Ltd. ("LUGP Select II") is the general partner of LGP Select II. Each of LGP Select II and LUGP Select II disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein. Shares are held by Lightspeed Venture Partners Select III, L.P. ("Lightspeed Select III"). Lightspeed General Partner Select III, L.P. ("LGP Select III") is the general partner of Lightspeed Select III. Lightspeed Ultimate General Partner Select III, Ltd. ("LUGP Select III") is the general partner of LGP Select III. Each of LGP Select III and LUGP Select III disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.
Key Figures
Total shares sold: 475,869 shares
June 16 sale size: 398,546 shares
June 16 sale price: $19.13/share
+5 more
8 metrics
Total shares sold
475,869 shares
Aggregate open-market sales reported in Form 4
June 16 sale size
398,546 shares
Open-market sale on June 16, 2026
June 16 sale price
$19.13/share
Reported transaction price on June 16, 2026
June 17 sale price 1
$19.64/share
Reported transaction price on June 17, 2026
June 17 sale price 2
$18.71/share
Reported transaction price on June 17, 2026
Shares held after June 16 sale
2,358,312 shares
Indirect holdings by Lightspeed Opportunity Fund, L.P.
Holdings Select II fund
12,630,655 shares
Indirect holdings by Lightspeed Venture Partners Select II, L.P.
Holdings Lightspeed X fund
19,860,677 shares
Indirect holdings by Lightspeed Venture Partners X, L.P.
Key Terms
weighted average price, open-market sale, ten percent owner, indirect ownership, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
ten percent owner financial
"is_ten_percent_owner": 1"
indirect ownership financial
"ownership_type": "indirect""
beneficial ownership financial
"disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
