Navan CEO sells 393K shares at $30.14 avg
Navan, Inc. insider Ariel M. Cohen, Chairperson and CEO, reported a series of transactions on August 27, 2026 involving both Class A and Class B Common Stock.
Rhea-AI Filing Summary
Navan, Inc. insider Ariel M. Cohen, Chairperson and CEO, reported a series of transactions on August 27, 2026 involving both Class A and Class B Common Stock. Three blocks totaling 225,000 shares of Class B Common Stock held through the Lihi, Shai and Sivan Cohen GST Trusts were converted into an equal number of Class A shares, consistent with the automatic one-for-one conversion terms for Class B stock.
On the same date, a total of 393,378 shares of Class A Common Stock were sold at a weighted average price of $30.1441, including 168,378 shares sold directly and 75,000 shares sold by each of the three GST Trusts. The price range for the sales was $30.00 to $30.66, and the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on January 6, 2026. Following these transactions, Cohen held 1,086,242 Class A shares directly, including 1,086,122 RSUs, and continued to hold substantial indirect Class B positions convertible into Class A, including 3,165,987 underlying Class A shares through the Ariel Mordechai Cohen Living Trust.
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Negative
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Insights
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Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
14 txns
Insider
Cohen Ariel M.
Role
Chairperson and CEO
Sold
393,378 shs ($11.86M)
Approx. gross sale proceeds
$11.86M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F4 | 75,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F4 | 75,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F4 | 75,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2, F3 | 168,378 | $30.1441 | $5.08M |
| Conversion | Class A Common Stock | 75,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2 | 75,000 | $30.1441 | $2.26M |
| Conversion | Class A Common Stock | 75,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2 | 75,000 | $30.1441 | $2.26M |
| Conversion | Class A Common Stock | 75,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2 | 75,000 | $30.1441 | $2.26M |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 688,653 contracts (Indirect, By the Lihi Cohen GST Trust);
Class B Common Stock — 688,653 contracts (Indirect, By the Shai Cohen GST Trust);
Class B Common Stock — 688,653 contracts (Indirect, By the Sivan Cohen GST Trust);
Class A Common Stock — 1,086,242 shares (Direct);
Class A Common Stock — 0 shares (Indirect, By the Lihi Cohen GST Trust);
Class A Common Stock — 0 shares (Indirect, By the Shai Cohen GST Trust);
Class A Common Stock — 0 shares (Indirect, By the Sivan Cohen GST Trust);
Class B Common Stock — 3,165,987 contracts (Indirect, By the Ariel Mordechai Cohen Living Trust);
Class B Common Stock — 4,796 contracts (Indirect, By the Lihi Cohen Non-Exempt Trust);
Class B Common Stock — 4,796 contracts (Indirect, By the Shai Cohen Non-Exempt Trust);
Class B Common Stock — 4,796 contracts (Indirect, By the Sivan Cohen Non-Exempt Trust)
Footnotes (4)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 6, 2026.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $30.00 to $30.66, inclusive. The Reporting Person undertakes to provide 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 these footnotes.
- F3. Includes 1,086,122 RSUs, each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting.
- F4. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon the sale or transfer of such share of Class B Common Stock, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. The Class B Common Stock has no expiration date.
Key Figures
Class A shares sold: 393,378 shares
Weighted average sale price: $30.1441 per share
Sale price range: $30.00–$30.66 per share
+5 more
8 metrics
Class A shares sold
393,378 shares
Total Class A Common Stock sold on August 27, 2026
Weighted average sale price
$30.1441 per share
Weighted average price for Class A shares sold on August 27, 2026
Sale price range
$30.00–$30.66 per share
Price range for Class A sales reported in the filing
Class B shares converted
225,000 shares
Three 75,000-share conversions of Class B into Class A on August 27, 2026
Direct Class A holdings after transaction
1,086,242 shares
Direct Class A Common Stock held by Ariel M. Cohen after the reported transactions
RSUs included in direct holdings
1,086,122 RSUs
RSUs representing contingent rights to Class A shares within direct holdings
Underlying Class A via Ariel Mordechai Cohen Living Trust
3,165,987 shares
Underlying Class A shares associated with Class B held indirectly through that trust
Underlying Class A per Non-Exempt Trust
4,796 shares
Underlying Class A shares associated with Class B in each of the Lihi, Shai, and Sivan Cohen Non-Exempt Trusts
Key Terms
Rule 10b5-1 trading plan, weighted average price, RSUs, Class B Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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.
RSUs financial
"Includes 1,086,122 RSUs, each of which represents a contingent right"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Class B Common Stock financial
"Each share of Class B Common Stock held by the Reporting Person will automatically convert"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
contingent right financial
"each of which represents a contingent right to receive one share"
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