Lightspeed funds (NASDAQ: NAVN) disclose holdings as small LMC sale hits 10,569 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Navan, Inc. insider filing shows entities associated with Lightspeed funds reporting their Class A Common Stock positions and a small sale. Lightspeed Management Company, L.L.C. sold 10,569 shares at a weighted average price of $24.65 per share, in trades ranging from $24.58 to $24.71, and now holds no Navan shares.
The filing also lists indirect holdings by affiliated Lightspeed funds, including 19,860,677 shares held by Lightspeed Venture Partners X, L.P., 12,630,655 shares held by Lightspeed Venture Partners Select II, L.P., and 6,134,518 shares held by Lightspeed Venture Partners Select III, L.P., among others. Footnotes state various general partners disclaim beneficial ownership except to the extent of their pecuniary interests and note that the LMC shares came from prior in-kind distributions that were previously omitted due to a clerical error.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,569 shares ($260,526)
Net Sell
7 txns
Insider
Lightspeed Venture Partners Select II, L.P., Lightspeed General Partner Select II, L.P., Lightspeed Ultimate General Partner Select II, Ltd., LIGHTSPEED VENTURE PARTNERS SELECT III, L.P., Lightspeed General Partner Select III, L.P., Lightspeed Ultimate General Partner Select III, Ltd., Lightspeed Management Company, L.L.C.
Role
null | null | null | null | null | null | null
Sold
10,569 shs ($261K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 10,569 | $24.65 | $261K |
| 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 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Indirect, By Lightspeed Management Company, L.L.C.)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.58 to $24.71 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. The shares held by Lightspeed Management Company, L.L.C. ("LMC") prior to the reported transaction were received pursuant to distributions in kind, for no additional consideration, by Lightspeed Venture Partners X, L.P. ("Lightspeed X") and Lightspeed Venture Partners Select II, L.P. ("Lightspeed Select II"), as described in a Form 4 filed by the Reporting Persons on June 15, 2026. Such shares were inadvertently omitted from the June 15, 2026 Form 4 as a result of a clerical error. Shares are held by LMC. 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. 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. 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 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. 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 by LMC: 10,569 shares
Weighted average sale price: $24.65 per share
Lightspeed Venture Partners X holding: 19,860,677 shares
+3 more
6 metrics
Shares sold by LMC
10,569 shares
Class A Common Stock sold by Lightspeed Management Company, L.L.C.
Weighted average sale price
$24.65 per share
Open-market sale range $24.58–$24.71
Lightspeed Venture Partners X holding
19,860,677 shares
Class A Common Stock held indirectly by Lightspeed Venture Partners X, L.P.
Lightspeed Select II holding
12,630,655 shares
Class A Common Stock held indirectly by Lightspeed Venture Partners Select II, L.P.
Lightspeed Select III holding
6,134,518 shares
Class A Common Stock held indirectly by Lightspeed Venture Partners Select III, L.P.
Lightspeed Opportunity Fund holding
2,280,989 shares
Class A Common Stock held indirectly by Lightspeed Opportunity Fund, L.P.
Key Terms
weighted average price, distributions in kind, disclaims beneficial ownership, pecuniary interest, +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.
distributions in kind financial
"were received pursuant to distributions in kind, for no additional consideration"
disclaims beneficial ownership financial
"disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest"
pecuniary interest financial
"except to the extent of its respective pecuniary interest therein"
indirect ownership financial
"ownership_type: "indirect", ownership_code: "I""
