Lightspeed funds reshuffle Navan (NAVN) stake, sell 8,983 shares
Rhea-AI Filing Summary
Navan, Inc. disclosed that investment entities affiliated with Lightspeed completed several internal reallocations of Class A common stock and a small market sale. On July 7, 2026, Lightspeed venture funds made multiple pro rata, in-kind distributions of Navan shares to their general and limited partners without additional consideration, which the filing specifies are not purchases or sales.
On July 8, 2026, Lightspeed Management Company, L.L.C. sold 8,983 Navan Class A shares in an open-market transaction at a weighted average price of $25.36 per share, within a reported range of $25.27 to $25.53, leaving that entity with no remaining reported holdings after the sale while affiliated funds continue to hold large indirect positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,066,585 shares
Net Sell
12 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
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold
8,983 shs ($228K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,983 | $25.36 | $228K |
| Other | Class A Common Stock | 2,979,102 | $0.00 | $0.00 |
| Other | Class A Common Stock | 192,885 | $0.00 | $0.00 |
| Other | Class A Common Stock | 1,894,598 | $0.00 | $0.00 |
| Other | Class A Common Stock | 670,005 | $0.00 | $0.00 |
| Other | Class A Common Stock | 670,005 | $0.00 | $0.00 |
| Other | Class A Common Stock | 401,655 | $0.00 | $0.00 |
| Other | Class A Common Stock | 401,655 | $0.00 | $0.00 |
| Other | Class A Common Stock | 8,983 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 16,881,575 shares (Indirect, By Lightspeed Venture Partners X, L.P.);
Class A Common Stock — 0 shares (Indirect, By Lightspeed Affiliates X, L.P.);
Class A Common Stock — 10,736,057 shares (Indirect, By Lightspeed Venture Partners Select II, L.P.);
Class A Common Stock — 0 shares (Indirect, By Lightspeed General Partner X, L.P.);
Class A Common Stock — 0 shares (Indirect, By Lightspeed General Partner Select II, L.P.);
Class A Common Stock — 0 shares (Indirect, By Lightspeed Management Company, L.L.C.);
Class A Common Stock — 2,280,989 shares (Indirect, By Lightspeed Opportunity Fund, L.P.);
Class A Common Stock — 587,965 shares (Indirect, By Lightspeed Strategic Partners I L.P.);
Class A Common Stock — 6,134,518 shares (Indirect, By Lightspeed Venture Partners Select III, L.P.)
Footnotes (18)
- F1. Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Venture Partners X, L.P. ("Lightspeed X") to its general partner and limited partners without additional consideration.
- F2. 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.
- F3. Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Affiliates X, L.P. ("Affiliates X") to its limited partners without additional consideration.
- F4. Shares are held by 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.
- F5. Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Venture Partners Select II, L.P. ("Lightspeed Select II") to its general partner and limited partners without additional consideration.
- F6. 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.
- F7. Represents receipt of shares in the distribution in kind described in footnote (1).
- F8. Shares are held by LGP X. LUGP X is the general partner of LGP X. LUGP X disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.
- F9. Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by LGP X to its limited partners without additional consideration.
- F10. Represents receipt of shares in the distribution in kind described in footnote (5).
- F11. Shares are held by LGP Select II. LUGP Select II is the general partner of LGP Select II. LUGP Select II disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.
- F12. Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by LGP Select II to its limited partners without additional consideration.
- F13. Represents receipt of shares in the distributions in kind described in footnotes (9) and (12).
- F14. The shares held by Lightspeed Management Company, L.L.C.
- F15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.27 to $25.53 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.
- F16. 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.
- F17. 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.
- F18. 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: 8,983 shares
Weighted average sale price: $25.36/share
Restructuring shares: 7,218,888 shares
+5 more
8 metrics
Shares sold
8,983 shares
Open-market sale by Lightspeed Management Company, L.L.C. on July 8, 2026 at weighted average price
Weighted average sale price
$25.36/share
Open-market sale of 8,983 Navan Class A shares; trades ranged from $25.27 to $25.53
Restructuring shares
7,218,888 shares
Shares moved in internal restructuring transactions coded J across Lightspeed entities
Lightspeed X holdings
16,881,575 shares
Navan Class A shares held by Lightspeed Venture Partners X, L.P. after July 7, 2026 transactions
Select II holdings
10,736,057 shares
Navan Class A shares held by Lightspeed Venture Partners Select II, L.P. after July 7, 2026
Select III holdings
6,134,518 shares
Navan Class A shares held by Lightspeed Venture Partners Select III, L.P. after July 7, 2026
Opportunity Fund holdings
2,280,989 shares
Navan Class A shares held by Lightspeed Opportunity Fund, L.P. after July 7, 2026
Strategic Partners holdings
587,965 shares
Navan Class A shares held by Lightspeed Strategic Partners I L.P. after July 7, 2026
Key Terms
pro rata, in-kind distribution, beneficial ownership, pecuniary interest, weighted average price, +1 more
5 terms
pro rata, in-kind distribution financial
"Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Venture Partners X, L.P."
beneficial ownership financial
"Each of LGP X and LUGP X disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein."
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.
pecuniary interest financial
"disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein."
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.27 to $25.53 inclusive."
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.
ten percent owner financial
"Lightspeed Venture Partners Select II, L.P. ... is_ten_percent_owner: 1"
FAQ
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