Lightspeed funds shift 7.2M Navan (NAVN) shares, sell 8,983
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Navan, Inc. ten percent owners affiliated with Lightspeed reported an open-market sale of 8,983 shares of Class A Common Stock at a weighted average price of $25.36 per share, from trades between $25.27 and $25.53, by Lightspeed Management Company, L.L.C., which now reports no shares for that entity.
The filing also records several pro rata, in-kind distributions and related receipts among Lightspeed funds and their general partners, moving about 7,218,888 shares among affiliated entities without additional consideration. Post-transaction indirect holdings include 16,881,575 shares held by Lightspeed Venture Partners X, L.P. and 10,736,057 shares held by Lightspeed Venture Partners Select II, L.P., with general partners disclaiming beneficial ownership beyond their pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,983 shares ($227,809)
Net Sell
12 txns
Insider
Lightspeed Venture Partners X, L.P., Lightspeed Affiliates X, L.P., Lightspeed General Partner X, L.P., Lightspeed Ultimate General Partner X, Ltd., Lightspeed Opportunity Fund, L.P., Lightspeed General Partner Opportunity Fund, L.P., Lightspeed Ultimate General Partner Opportunity Fund, Ltd., Lightspeed Strategic Partners I L.P., Lightspeed Strategic Partners General Partner I L.P., Lightspeed Strategic Partners Ultimate General Partner I L.L.C.
Role
null | null | null | null | null | null | null | null | null | null
Sold
8,983 shs ($228K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,983 | $25.36 | $228K |
| Other | Class A Common Stock | 2,979,102 | $0.00 | -- |
| Other | Class A Common Stock | 192,885 | $0.00 | -- |
| Other | Class A Common Stock | 1,894,598 | $0.00 | -- |
| Other | Class A Common Stock | 670,005 | $0.00 | -- |
| Other | Class A Common Stock | 670,005 | $0.00 | -- |
| Other | Class A Common Stock | 401,655 | $0.00 | -- |
| Other | Class A Common Stock | 401,655 | $0.00 | -- |
| Other | Class A Common Stock | 8,983 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Indirect, By Lightspeed Management Company, L.L.C.)
Footnotes (1)
- Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Venture Partners X, L.P. ("Lightspeed X") to its general partner and limited partners without additional consideration. 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. Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Affiliates X, L.P. ("Affiliates X") to its limited partners without additional consideration. Shares are held by 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. Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Venture Partners Select II, L.P. ("Lightspeed Select II") to its general partner and limited partners without additional consideration. 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. Represents receipt of shares in the distribution in kind described in footnote (1). Shares are held by LGP X. LUGP X is the general partner of LGP X. LUGP X disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein. Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by LGP X to its limited partners without additional consideration. Represents receipt of shares in the distribution in kind described in footnote (5). Shares are held by LGP Select II. LUGP Select II is the general partner of LGP Select II. LUGP Select II disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein. Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by LGP Select II to its limited partners without additional consideration. Represents receipt of shares in the distributions in kind described in footnotes (9) and (12). The shares held by Lightspeed Management Company, L.L.C. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.27 to $25.53 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. 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 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
Open-market sale: 8,983 shares
Sale price range: $25.27–$25.53 per share
Restructuring transfers: 7,218,888 shares
+4 more
7 metrics
Open-market sale
8,983 shares
Class A Common Stock sold at weighted avg $25.36
Sale price range
$25.27–$25.53 per share
Price range for 8,983 shares sold in multiple trades
Restructuring transfers
7,218,888 shares
Shares moved via pro rata, in-kind distributions among Lightspeed entities
Lightspeed Venture Partners X holding
16,881,575 shares
Indirect Navan Class A shares held after transactions
Lightspeed Select II holding
10,736,057 shares
Indirect Navan Class A shares held after distributions
Lightspeed Select III holding
6,134,518 shares
Indirect Navan Class A shares reported as of holding entry
Lightspeed Strategic Partners I holding
587,965 shares
Indirect Navan Class A shares reported as of holding entry
Key Terms
pro rata, in-kind distribution, pecuniary interest, weighted average price, ten percent owner, +1 more
5 terms
pro rata, in-kind distribution financial
"Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Venture Partners X, L.P."
pecuniary interest financial
"Each of LGP X and LUGP X disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein."
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.27 to $25.53 inclusive."
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.
ten percent owner financial
"Each reporting person is indicated as a ten percent owner of Navan, Inc."
beneficial ownership financial
"Each of LGP Select II and LUGP Select II disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein."
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.
