Lightspeed funds sell 475,869 Navan shares
Navan, Inc. reported that venture investment entities affiliated with Lightspeed completed open-market sales of Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
Navan, Inc. reported that venture investment entities affiliated with Lightspeed completed open-market sales of Class A common stock. Lightspeed Opportunity Fund, L.P. sold 475,869 shares over June 16–17 at weighted average prices ranging from about $18.40 to $19.9957 per share and continues to hold 2,280,989 shares indirectly. Other affiliated Lightspeed funds reported substantial indirect Navan holdings with no new transactions disclosed in this data.
Insider Trade Summary
Net Seller: 475,869 shares
Net Sell
8 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
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
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 — 2,280,989 shares (Indirect, By Lightspeed Opportunity Fund, L.P.);
Class A Common Stock — 19,860,677 shares (Indirect, By Lightspeed Venture Partners X, L.P.);
Class A Common Stock — 192,885 shares (Indirect, By Lightspeed Affiliates X, L.P.);
Class A Common Stock — 587,965 shares (Indirect, By Lightspeed Strategic Partners I L.P.);
Class A Common Stock — 12,630,655 shares (Indirect, By Lightspeed Venture Partners Select II, L.P.);
Class A Common Stock — 6,134,518 shares (Indirect, By Lightspeed Venture Partners Select III, L.P.)
Footnotes (9)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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
Shares sold: 475,869 shares
June 16 sale price: $19.13/share
June 17 sale prices: $19.64 & $18.71/share
+4 more
7 metrics
Shares sold
475,869 shares
Open-market sales by Lightspeed Opportunity Fund, L.P. on June 16–17, 2026
June 16 sale price
$19.13/share
Weighted average price for 398,546-share sale on June 16, 2026
June 17 sale prices
$19.64 & $18.71/share
Weighted average prices for 29,339 and 47,984-share sales on June 17, 2026
Overall sale price range
$18.40–$19.9957/share
Trade price ranges described in weighted-average footnotes
Shares held after sales
2,280,989 shares
Navan Class A shares held indirectly by Lightspeed Opportunity Fund, L.P. after June 17, 2026
Lightspeed Venture Partners X holding
19,860,677 shares
Indirect Navan Class A holding by Lightspeed Venture Partners X, L.P. as of June 16, 2026
Lightspeed Select II holding
12,630,655 shares
Indirect Navan Class A holding by Lightspeed Venture Partners Select II, L.P. as of June 16, 2026
Key Terms
weighted average price, disclaims beneficial ownership, pecuniary interest, ten percent owner, +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.
disclaims beneficial ownership financial
"Each of LGP Opportunity and LUGP Opportunity disclaims beneficial ownership of these shares..."
pecuniary interest financial
"…except to the extent of its respective pecuniary interest therein."
ten percent owner financial
"Each reporting person is marked as a ten percent owner in the data."
indirect ownership financial
"Ownership is reported as indirect with nature of ownership by various Lightspeed funds."
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