Director at Navan (NAVN) awarded 9,959 RSUs of Class A stock

Rhea-AI Filing Summary

KOUREY MICHAEL R reported acquisition or exercise transactions in this Form 4 filing.

Navan, Inc. director Michael R. KoureY received a grant of 9,959 restricted stock units (RSUs) of Class A Common Stock on June 25, 2026. The award was granted at no cash cost, with each RSU representing one share of Class A Common Stock upon vesting.

The RSUs vest in full on the earlier of the first anniversary of the grant date or Navan’s next annual meeting of stockholders, subject to his continued service through that date. Following this grant, KoureY directly holds 253,253 shares, including 146,813 RSUs that will settle into shares upon vesting.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KOUREY MICHAEL R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	9,959	$0.00	--

Holdings After Transaction: Class A Common Stock — 253,253 shares (Direct)

Footnotes (1)

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 146,813 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: 9,959 RSUs Post-transaction holdings: 253,253 shares Included RSUs: 146,813 RSUs +1 more

4 metrics

RSUs granted 9,959 RSUs Award of Class A Common Stock RSUs on June 25, 2026

Post-transaction holdings 253,253 shares Total Class A Common Stock held directly after grant

Included RSUs 146,813 RSUs Unvested RSUs, each for one share upon vesting

Grant price $0.0000 per share Equity award granted at no cash cost to the director

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"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 04:09 PM Accepted by SEC EDGAR 06/29/2026 - 04:08 PM Learn about SEC filing dates

FAQ

What did Navan (NAVN) director Michael KoureY report in this Form 4?

Navan director Michael R. KoureY reported receiving 9,959 restricted stock units (RSUs) of Class A Common Stock. These RSUs were granted at no cash cost and will convert into shares once the vesting conditions described in the filing are satisfied.

How many Navan (NAVN) shares does Michael KoureY hold after this RSU grant?

After the RSU grant, Michael R. KoureY holds 253,253 Navan Class A Common Stock shares directly. This total includes both already-settled shares and RSUs that will convert into shares of Class A Common Stock upon satisfying the vesting conditions outlined in the award.

What are the vesting terms of Michael KoureY’s new Navan (NAVN) RSUs?

The 9,959 RSUs vest in full on the earlier of the first anniversary of the grant date or Navan’s next annual meeting of stockholders. Vesting requires Michael KoureY to remain in service with the company through the applicable vesting date specified in the award.

What does each Navan (NAVN) RSU granted to Michael KoureY represent?

Each RSU granted to Michael KoureY represents a contingent right to receive one share of Navan’s Class A Common Stock upon vesting. No cash is paid for these RSUs; they convert into shares if the stated time-based service conditions are met.

How many unvested RSUs does Michael KoureY now have at Navan (NAVN)?

The filing notes that KoureY’s holdings include 146,813 RSUs. Each RSU is a contingent right to receive one share of Navan Class A Common Stock upon vesting, adding to his overall equity-based compensation position at the company.

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^*

KOUREY MICHAEL R

(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)
06/25/2026

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	06/25/2026		A		9,959(1)	A	$0	253,253(2)	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. 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.

2. Includes 146,813 RSUs, each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting.

Remarks:

	/s/ Howard Baik, Attorney-in-Fact	06/29/2026
	** 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)