Navan director granted 9,959 RSUs in Class A stock
Kaveripatnam Sandesh reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Kaveripatnam Sandesh reported acquisition or exercise transactions in this Form 4 filing.
Navan, Inc. director Kaveripatnam Sandesh received a grant of 9,959 restricted stock units (RSUs), each representing one share of Class A Common Stock at no cost. These RSUs vest in full on the earlier of the first anniversary of the grant date or the next annual stockholder meeting, contingent on his continued service.
Following the grant, he holds 45,811 shares directly, including the 9,959 RSUs. Separate Form 4 entries show large indirect holdings by Napean Trading and Investment Company (Singapore) Pte Ltd and PI Opportunities Fund II, for which Sandesh disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 9,959 shares
Grant/Award
3 txns
Insider
Kaveripatnam Sandesh
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 9,959 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 45,811 shares (Direct);
Class A Common Stock — 2,705,707 shares (Indirect, By PI Opportunities Fund II);
Class A Common Stock — 5,874,257 shares (Indirect, By Napean Trading and Investment Company (Singapore) PTE. LTC.)
Footnotes (4)
- F1. Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of the 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 the Issuer's next annual meeting of stockholders following the date of the grant, subject to the Reporting Person's continued service through such vesting date.
- F2. Includes 9,959 RSUs, each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting.
- F3. These securities are held by PI Opportunities Fund II ("PI Fund II"), a fund within the Premji Invest Group ("PI"). The Reporting Person is employed by PI International LLC, an entity within PI, and is a managing partner within PI. The Reporting Person disclaims beneficial ownership of the securities held by PI Fund II except to the extent of his pecuniary interest, if any, therein.
- F4. These securities are held by Napean Trading and Investment Company (Singapore) Pte Ltd ("Napean Singapore"), an entity within PI. The Reporting Person is employed by PI International LLC, an entity within PI, and is a managing partner within PI. The Reporting Person disclaims beneficial ownership of the securities held by Napean Singapore except to the extent of his pecuniary interest, if any, therein.
Key Figures
RSU grant size: 9,959 RSUs
Grant price per share: $0.00 per share
Direct holdings after grant: 45,811 shares
+2 more
5 metrics
RSU grant size
9,959 RSUs
Each RSU equals one share of Class A Common Stock
Grant price per share
$0.00 per share
RSUs granted at no cash cost to the director
Direct holdings after grant
45,811 shares
Class A Common Stock held directly after RSU award
Napean Singapore indirect holdings
5,874,257 shares
Class A Common Stock held by Napean Trading and Investment Company (Singapore) Pte Ltd
PI Opportunities Fund II holdings
2,705,707 shares
Class A Common Stock held by PI Opportunities Fund II
Key Terms
restricted stock units ("RSUs"), time-based service condition, annual meeting of stockholders, pecuniary interest, +1 more
5 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 the Issuer's next annual meeting of stockholders following the date of the grant"
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the securities held by PI Fund II"
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.
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