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Greenoaks LLC and related parties report ownership in Navan, Inc. The reporting group, consisting of Greenoaks LLC as investment manager and its managing partners Neil Mehta and Benjamin Peretz, reports beneficial ownership of 1,010,000 shares of Navan, Inc. Class A Common Stock.
The position represents 0.42% of the Class A Common Stock. All 1,010,000 shares are held with shared voting and shared dispositive power, while none are held with sole voting or dispositive power. The filing states this reflects ownership of 5 percent or less of the class and notes that the Greenoaks Funds have the right to receive dividends and sale proceeds from these shares.
Key Figures
Shares beneficially owned:1,010,000 sharesPercent of class:0.42%Shared voting power:1,010,000 shares+4 more
7 metrics
Shares beneficially owned1,010,000 sharesClass A Common Stock beneficially owned by the reporting persons
Percent of class0.42%Percentage of Navan Class A Common Stock represented by the reported holdings
Shared voting power1,010,000 sharesNumber of shares over which the group has shared power to vote
Shared dispositive power1,010,000 sharesNumber of shares over which the group has shared power to dispose
Ownership threshold5 percent or lessReported as ownership of 5 percent or less of a class
CUSIP639193101CUSIP number for Navan, Inc. Class A Common Stock
Amendment date signed08/14/2026Date the Schedule 13G/A was signed by the reporting persons
"beneficial owner of the shares of Class A Common Stock reported herein"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting powerfinancial
"Shared Voting Power 1,010,000.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 1,010,000.00"
investment adviserfinancial
"the investment adviser to certain funds and accounts (the "Greenoaks Funds")"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
percent of classfinancial
"Percent of class: 0.42%"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
Class A Common Stockfinancial
"Title of class of securities: Class A Common Stock, $0. par value"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership in Navan, Inc. (NAVN) does Greenoaks report in this filing?
Greenoaks LLC and related reporting persons report beneficial ownership of 1,010,000 shares of Navan, Inc. Class A Common Stock, representing 0.42% of the class, all held with shared voting and dispositive power through the Greenoaks Funds.
Who are the reporting persons in the Navan, Inc. (NAVN) Schedule 13G/A?
The reporting persons are Greenoaks LLC, a Delaware limited liability company, and its managing partners Neil Mehta and Benjamin Peretz. They report on shares of Class A Common Stock held by certain funds and accounts known as the Greenoaks Funds.
What percentage of Navan, Inc. (NAVN) does Greenoaks currently hold?
The group reports holding 0.42% of Navan’s Class A Common Stock. This is expressly characterized as ownership of 5 percent or less of the class, indicating a relatively small minority stake in the company’s outstanding Class A shares.
How is voting and dispositive power over Navan (NAVN) shares allocated for Greenoaks?
The reporting persons state they have shared voting power over 1,010,000 shares and shared dispositive power over 1,010,000 shares, with no sole voting or sole dispositive power over any Navan Class A Common Stock in this position.
Which entities benefit economically from Greenoaks’ Navan, Inc. (NAVN) holdings?
The filing explains that the Greenoaks Funds have the right to receive or direct the receipt of dividends and sale proceeds from the 1,010,000 Navan Class A shares reported, while Greenoaks LLC acts as investment adviser to those funds.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Navan, Inc.
(Name of Issuer)
Class A Common Stock, $0.00000625 par value
(Title of Class of Securities)
639193101
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
639193101
1
Names of Reporting Persons
GREENOAKS LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,010,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,010,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,010,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.42 %
12
Type of Reporting Person (See Instructions)
IA, HC
SCHEDULE 13G
CUSIP Number(s):
639193101
1
Names of Reporting Persons
MEHTA NEIL
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,010,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,010,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,010,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.42 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP Number(s):
639193101
1
Names of Reporting Persons
PERETZ BENJAMIN
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,010,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,010,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,010,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.42 %
12
Type of Reporting Person (See Instructions)
IN, HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Navan, Inc.
(b)
Address of issuer's principal executive offices:
3045 PARK BOULEVARD, PALO ALTO, CALIFORNIA, 94306.
Item 2.
(a)
Name of person filing:
This statement is filed by:
(i) Greenoaks LLC (the "Investment Manager"), a Delaware limited liability company and the investment adviser to certain funds and accounts (the "Greenoaks Funds"), with respect to the shares of Class A Common Stock (as defined in Item 2(d) below) directly held by the Greenoaks Funds.
(ii) Mr. Neil Mehta ("Mr. Mehta"), a Managing Partner of the Investment Manager, with respect to the shares of Class A Common Stock directly held by the Greenoaks Funds; and
(iii) Mr. Benjamin Peretz ("Mr. Peretz"), a Managing Partner of the Investment Manager, with respect to the shares of Class A Common Stock directly held by the Greenoaks Funds.
The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."
The filing of this statement should not be construed as an admission that any of the forgoing persons or any Reporting Person is, for the purposes of Section 13 of the Act, the beneficial owner of the shares of Class A Common Stock reported herein.
(b)
Address or principal business office or, if none, residence:
The business address of each of the Reporting Persons is 1 Letterman Drive, Building A, Suite 500, San Francisco, CA 94129.
(c)
Citizenship:
The Investment Manager is a Delaware limited liability company. Mr. Mehta and Mr. Peretz are each citizens of the United States.
(d)
Title of class of securities:
Class A Common Stock, $0.00000625 par value
(e)
CUSIP No.:
639193101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1010000
(b)
Percent of class:
0.42%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1010000
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
1010000
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2. The Greenoaks Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Class A Common Stock reported herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
