Navan (NAVN) director Anre Williams buys 100,000 shares in open market

Rhea-AI Filing Summary

Navan, Inc. director Anre D. Williams made an open-market purchase of 100,000 shares of Class A Common Stock at $12.00 per share. Following this transaction, he directly owns 215,024 shares, including 15,024 restricted stock units that each convert into one share upon vesting.

Insights

Equity ownership & governance analyst

Navan director significantly increases direct equity stake through open-market buying.

Director Anre D. Williams executed an open-market purchase of 100,000 shares of Navan, Inc. Class A Common Stock at $12.00 per share. Open-market buys are discretionary and generally reflect the insider’s willingness to commit personal capital at the prevailing price.

After the trade, Williams holds 215,024 shares directly, including 15,024 restricted stock units that deliver one share each upon vesting. With no derivative positions reported in this filing, his exposure is concentrated in common stock, making this a notable increase in his direct ownership position.

Insider Trade Summary

Net Buyer: 100,000 shares ($1,200,000)

Net Buy 1 txn

Insider Williams Anre D

Role Director

Bought 100,000 shs ($1.20M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	100,000	$12.00	$1.20M

Holdings After Transaction: Class A Common Stock — 215,024 shares (Direct)

Footnotes (1)

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Key Figures

Open-market purchase size: 100,000 shares Purchase price: $12.00 per share Total shares after transaction: 215,024 shares +1 more

4 metrics

Open-market purchase size 100,000 shares Class A Common Stock bought in open market

Purchase price $12.00 per share Price paid for Class A Common Stock

Total shares after transaction 215,024 shares Director’s direct holdings following purchase

Restricted stock units held 15,024 RSUs Each RSU equals one share upon vesting

Key Terms

open-market purchase, restricted stock units, Class A Common Stock, transaction code "P"

4 terms

open-market purchase financial

"made an open-market purchase of 100,000 shares of Class A Common Stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

restricted stock units financial

"Includes 15,024 restricted stock units, each of which represents a contingent right"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Class A Common Stock financial

"open-market purchase of 100,000 shares of Class A Common Stock at $12.00"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

transaction code "P" regulatory

"transaction_code": "P","transaction_action": "open-market purchase""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Williams Anre D

(Last) (First) (Middle)

C/O NAVAN, INC.

3045 PARK BOULEVARD

(Street)

PALO ALTO CALIFORNIA 94306

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Navan, Inc. [ NAVN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/30/2026		P		100,000	A	$12	215,024(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 15,024 restricted stock units, each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting.

	/s/ Howard Baik, Attorney-in-Fact	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Navan (NAVN) director Anre D. Williams report?

Navan director Anre D. Williams reported an open-market purchase of 100,000 shares of Class A Common Stock at $12.00 per share. This increases his direct equity exposure and reflects a discretionary decision to buy at the current market price.

How many Navan (NAVN) shares does Anre D. Williams own after this transaction?

After the purchase, Anre D. Williams owns 215,024 Navan shares directly. This total includes 15,024 restricted stock units, each representing a contingent right to receive one share of Class A Common Stock when vesting conditions are satisfied.

Was the Navan (NAVN) insider transaction a buy or a sell?

The reported Navan insider transaction was a buy. Director Anre D. Williams executed an open-market purchase of 100,000 shares of Class A Common Stock at $12.00 per share, as reflected by transaction code “P” and buy-direction labeling.

What is the significance of the restricted stock units disclosed for Navan (NAVN)?

The filing notes that Williams holds 15,024 restricted stock units, each representing a contingent right to one Navan Class A share upon vesting. These units add to his future ownership potential, supplementing his currently held common shares once vesting conditions are met.

Does the Navan (NAVN) Form 4 show any derivative security positions?

The Form 4 derivative summary is empty, indicating no derivative transactions or remaining derivative positions reported in this filing. Williams’ disclosed exposure is through common stock and restricted stock units rather than options or other derivative securities.