Navan (NAVN) grants 4,150 restricted stock units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weiss Shai reported acquisition or exercise transactions in this Form 4 filing.
Navan, Inc. director Shai Weiss reported receiving a grant of 4,150 restricted stock units (RSUs), each representing one share of Class A Common Stock, at no cash cost per share. These RSUs vest in full on the earlier of the first anniversary of the grant date or Navan’s next annual stockholder meeting, subject to his continued service. Following this award, Weiss holds 37,312 RSUs in total, each convertible into one share upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Weiss Shai
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,150 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 37,312 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of 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 Issuer's next annual meeting of stockholders following the date of the grant, subject to Reporting Person's continued service through such vesting date. Includes 37,312 RSUs, each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting.
Key Figures
RSUs granted: 4,150 units
RSUs after grant: 37,312 units
Grant price per share: $0.00 per share
3 metrics
RSUs granted
4,150 units
Restricted stock units granted to director Shai Weiss
RSUs after grant
37,312 units
Total RSUs reported as held following the transaction
Grant price per share
$0.00 per share
Reported transaction price for the RSU award
Key Terms
restricted stock units ("RSUs"), time-based service condition, annual meeting of stockholders
3 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs"), each of which represents a contingent right"
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 Issuer's next annual meeting of stockholders following the date of the grant"