Navan, Inc. (NAVN): Lightspeed funds report 41.7M-share, 16.4% ownership stake

Rhea-AI Filing Summary

Navan, Inc. received an amended institutional ownership report from multiple Lightspeed investment entities regarding their holdings of Class A common stock. As of June 30, 2026, the reporting entities collectively beneficially own 41,698,258 shares of Class A common stock.

This aggregate stake represents 16.4% of Navan’s common stock and 17.4% of the Class A common stock, based on 239,026,566 Class A shares and 15,304,696 Class B shares outstanding as of June 4, 2026. Major positions include 19,860,677 shares held by Lightspeed Venture Partners X, L.P., 12,630,655 shares by Lightspeed Venture Partners Select II, L.P., and 6,134,518 shares by Lightspeed Venture Partners Select III, L.P. The Lightspeed entities report shared voting and dispositive power over these shares and expressly disclaim status as a “group” for ownership reporting purposes.

Key Figures

Aggregate Class A shares owned: 41,698,258 shares Ownership of common stock: 16.4% Ownership of Class A common: 17.4% +5 more

8 metrics

Aggregate Class A shares owned 41,698,258 shares Class A common stock beneficially owned collectively by Lightspeed entities as of June 30, 2026

Ownership of common stock 16.4% Percentage of Navan’s common stock beneficially owned collectively by the reporting persons

Ownership of Class A common 17.4% Percentage of Navan’s Class A common stock beneficially owned collectively by the reporting persons

Lightspeed X holding 19,860,677 shares Class A shares directly held by Lightspeed Venture Partners X, L.P., representing 8.3% of the class

Lightspeed Select II holding 12,630,655 shares Class A shares directly held by Lightspeed Venture Partners Select II, L.P., representing 5.3% of the class

Lightspeed Select III holding 6,134,518 shares Class A shares directly held by Lightspeed Venture Partners Select III, L.P., representing 2.6% of the class

Class A shares outstanding 239,026,566 shares Navan Class A common stock outstanding as of June 4, 2026, per Form 10-Q

Class B shares outstanding 15,304,696 shares Navan Class B common stock outstanding as of June 4, 2026, per Form 10-Q

Key Terms

beneficially own, shared voting power, shared dispositive power, Class A common stock, +2 more

6 terms

beneficially own regulatory

"Collectively, the Reporting Persons beneficially own an aggregate of 41,698,258 shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

shared voting power regulatory

"Shared Voting Power 19,860,677.00"

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 power regulatory

"Shared Dispositive Power 19,860,677.00"

Class A common stock financial

"Title of class of securities: Class A Common Stock, par value $0. per share"

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.

CUSIP financial

"CUSIP No.: 639193101"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

Schedule 13G regulatory

"Row 9 of each Reporting Person's cover page to this sets forth"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

How much of Navan, Inc. (NAVN) do the Lightspeed entities collectively own?

The Lightspeed reporting entities collectively beneficially own 41,698,258 shares of Navan, Inc. Class A common stock, representing 16.4% of the common stock and 17.4% of the Class A common stock as of June 30, 2026.

What is the largest individual Lightspeed position in Navan, Inc. (NAVN)?

The largest individual position is held by Lightspeed Venture Partners X, L.P. with 19,860,677 shares of Navan Class A common stock, corresponding to an 8.3% beneficial ownership stake in the issuer’s Class A common stock.

What ownership percentages in NAVN are reported in this Schedule 13G/A?

The reporting Lightspeed entities collectively hold 16.4% of Navan’s common stock and 17.4% of the Class A common stock, calculated using outstanding share counts reported as of June 4, 2026.

How many Navan (NAVN) shares were outstanding for this ownership calculation?

The percentages are based on 239,026,566 Class A shares and 15,304,696 Class B shares of Navan outstanding as of June 4, 2026, as reported in Navan’s Quarterly Report on Form 10-Q.

Which Lightspeed funds besides Lightspeed X hold Navan, Inc. (NAVN) shares?

Other Lightspeed entities hold Navan shares, including Lightspeed Select II (12,630,655 shares), Lightspeed Select III (6,134,518 shares), Opportunity (2,280,989 shares), and Strategic (587,965 shares), plus smaller holdings by Affiliates X and LMC.

Do the Lightspeed entities report shared or sole voting power over NAVN shares?

The Lightspeed entities report shared voting and shared dispositive power over their Navan Class A shares, with no sole voting or dispositive power listed for these positions in the ownership tables.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/14/2026 - 04:37 PM Accepted by SEC EDGAR 08/14/2026 - 04:32 PM Learn about SEC filing dates

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, par value $0.00000625 per share

(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

Lightspeed Venture Partners X, L.P.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 19,860,677.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 19,860,677.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,860,677.00

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)

8.3 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed Affiliates X, L.P.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 192,885.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 192,885.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

192,885.00

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)

0.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed General Partner X, L.P.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 20,053,562.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 20,053,562.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,053,562.00

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)

8.4 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed Ultimate General Partner X, Ltd.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 20,053,562.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 20,053,562.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,053,562.00

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)

8.4 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed Opportunity Fund, L.P.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,280,989.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,280,989.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,280,989.00

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)

1.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed General Partner Opportunity Fund, L.P.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,280,989.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,280,989.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,280,989.00

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)

1.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed Ultimate General Partner Opportunity Fund, Ltd.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,280,989.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,280,989.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,280,989.00

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)

1.0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed Strategic Partners I L.P.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 587,965.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 587,965.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

587,965.00

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)

0.2 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed Strategic Partners General Partner I L.P.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 587,965.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 587,965.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

587,965.00

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)

0.2 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed Strategic Partners Ultimate General Partner I L.L.C.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 587,965.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 587,965.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

587,965.00

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)

0.2 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed Venture Partners Select II, L.P.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,630,655.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,630,655.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,630,655.00

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)

5.3 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed General Partner Select II, L.P.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,630,655.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,630,655.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,630,655.00

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)

5.3 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed Ultimate General Partner Select II, Ltd.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,630,655.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,630,655.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,630,655.00

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)

5.3 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed Venture Partners Select III, L.P.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,134,518.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,134,518.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,134,518.00

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)

2.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed General Partner Select III, L.P.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,134,518.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,134,518.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,134,518.00

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)

2.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed Ultimate General Partner Select III, Ltd.

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,134,518.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,134,518.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,134,518.00

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)

2.6 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 639193101

1

Names of Reporting Persons

Lightspeed Management Company, L.L.C.

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 10,569.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,569.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,569.00

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)

0.0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NAVAN, INC.
(b)	Address of issuer's principal executive offices: 3045 Park Boulevard, Palo Alto, CA, 94306.
Item 2.
(a)	Name of person filing: The names of the persons filing this report (collectively, the "Reporting Persons") are: Lightspeed Venture Partners X, L.P. ("Lightspeed X") Lightspeed Affiliates X, L.P. ("Lightspeed Affiliates X") Lightspeed General Partner X, L.P. ("LGP X") Lightspeed Ultimate General Partner X, Ltd. ("LUGP X") Lightspeed Opportunity Fund, L.P. ("Opportunity") Lightspeed General Partner Opportunity Fund, L.P. ("LGP Opportunity") Lightspeed Ultimate General Partner Opportunity Fund, Ltd. ("LUGP Opportunity") Lightspeed Strategic Partners I L.P. ("Strategic") Lightspeed Strategic Partners General Partner I L.P. ("LGP Strategic") Lightspeed Strategic Partners Ultimate General Partner I L.L.C. ("LUGP Strategic") Lightspeed Venture Partners Select II, L.P. ("Lightspeed Select II") Lightspeed General Partner Select II, L.P. ("LGP Select II") Lightspeed Ultimate General Partner Select II, Ltd. ("LUGP Select II") Lightspeed Venture Partners Select III, L.P. ("Lightspeed Select III") Lightspeed General Partner Select III, L.P. ("LGP Select III") Lightspeed Ultimate General Partner Select III, Ltd. ("LUGP Select III") Lightspeed Management Company, L.L.C. ("LMC") The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
(b)	Address or principal business office or, if none, residence: c/o Lightspeed Venture Partners 2200 Sand Hill Road Menlo Park, CA 94025
(c)	Citizenship: Lightspeed X Cayman Islands Lightspeed Affiliates X Cayman Islands LGP X Cayman Islands LUGP X Cayman Islands Opportunity Cayman Islands LGP Opportunity Cayman Islands LUGP Opportunity Cayman Islands Strategic Cayman Islands LGP Strategic Cayman Islands LUGP Strategic Cayman Islands Lightspeed Select II Cayman Islands LGP Select II Cayman Islands LUGP Select II Cayman Islands Lightspeed Select III Cayman Islands LGP Select III Cayman Islands LUGP Select III Cayman Islands LMC Delaware
(d)	Title of class of securities: Class A Common Stock, par value $0.00000625 per share
(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: Row 9 of each Reporting Person's cover page to this Schedule 13G sets forth the aggregate number of shares of Class A common stock of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference. The Reporting Persons' ownership of the Issuer's securities includes (i) 19,860,677 shares of Class A common stock directly held by Lightspeed X; (ii) 192,885 shares of Class A common stock directly held by Affiliates X; (iii) 2,280,989 shares of Class A common stock directly held by Opportunity; (iv) 587,965 shares of Class A common stock directly held by Strategic; (v) 12,630,655 shares of Class A common stock directly held by Lightspeed Select II; (vi) 6,134,518 shares of Class A common stock directly held by Lightspeed Select III; and (vii) 10,569 shares of Class A common stock directly held by LMC. Collectively, the Reporting Persons beneficially own an aggregate of 41,698,258 shares of Class A common stock. LUGP X serves as the sole general partner of LGP X, which serves as the sole general partner of each of Lightspeed X and Affiliates X. LUGP Opportunity serves as the sole general partner of LGP Opportunity, which serves as the sole general partner of Opportunity. LUGP Strategic serves as the sole general partner of LGP Strategic, which serves as the sole general partner of Strategic. LUGP Select II serves as the sole general partner of LGP Select II, which serves as the sole general partner of Lightspeed Select II. LUGP Select III serves as the sole general partner of LGP Select III, which serves as the sole general partner of Lightspeed Select III.
(b)	Percent of class: Row 11 of each Reporting Person's cover page to this Schedule 13G sets forth the percentages of the shares of Class A common stock of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference. Collectively, the Reporting Persons beneficially own 16.4% of the common stock and 17.4% of the Class A common stock of the Issuer. The foregoing percentages are based upon 239,026,566 shares of Class A common stock and 15,304,696 shares of Class B common stock outstanding as of June 4, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on June 11, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Row 5 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
	(ii) Shared power to vote or to direct the vote: Row 6 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
	(iii) Sole power to dispose or to direct the disposition of: Row 7 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
	(iv) Shared power to dispose or to direct the disposition of: Row 8 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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:
	Not Applicable

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.

Lightspeed Venture Partners X, L.P.

Signature:	/s/ Ravi Mhatre
Name/Title:	See Note 1
Date:	08/14/2026

Lightspeed Affiliates X, L.P.

Signature:	/s/ Ravi Mhatre
Name/Title:	See Note 1
Date:	08/14/2026

Lightspeed General Partner X, L.P.

Signature:	/s/ Ravi Mhatre
Name/Title:	By Lightspeed Ultimate General Partner X, Ltd., its General Partner, By Ravi Mhatre, Director
Date:	08/14/2026

Lightspeed Ultimate General Partner X, Ltd.

Signature:	/s/ Ravi Mhatre
Name/Title:	By Ravi Mhatre, Director
Date:	08/14/2026

Lightspeed Opportunity Fund, L.P.

Signature:	/s/ Ravi Mhatre
Name/Title:	See Note 2
Date:	08/14/2026

Lightspeed General Partner Opportunity Fund, L.P.

Signature:	/s/ Ravi Mhatre
Name/Title:	By Lightspeed Ultimate General Partner Opportunity Fund, Ltd., its General Partner, By Ravi Mhatre, Director
Date:	08/14/2026

Lightspeed Ultimate General Partner Opportunity Fund, Ltd.

Signature:	/s/ Ravi Mhatre
Name/Title:	By Ravi Mhatre, Director
Date:	08/14/2026

Lightspeed Strategic Partners I L.P.

Signature:	/s/ Ravi Mhatre
Name/Title:	See Note 3
Date:	08/14/2026

Lightspeed Strategic Partners General Partner I L.P.

Signature:	/s/ Ravi Mhatre
Name/Title:	By Lightspeed Strategic Partners Ultimate General Partner I L.L.C., its General Partner, By Ravi Mhatre, Director
Date:	08/14/2026

Lightspeed Strategic Partners Ultimate General Partner I L.L.C.

Signature:	/s/ Ravi Mhatre
Name/Title:	By Ravi Mhatre, Director
Date:	08/14/2026

Lightspeed Venture Partners Select II, L.P.

Signature:	/s/ Ravi Mhatre
Name/Title:	See Note 4
Date:	08/14/2026

Lightspeed General Partner Select II, L.P.

Signature:	/s/ Ravi Mhatre
Name/Title:	By Lightspeed Ultimate General Partner Select II, Ltd., its General Partner, By Ravi Mhatre, Director
Date:	08/14/2026

Lightspeed Ultimate General Partner Select II, Ltd.

Signature:	/s/ Ravi Mhatre
Name/Title:	By Ravi Mhatre, Director
Date:	08/14/2026

Lightspeed Venture Partners Select III, L.P.

Signature:	/s/ Ravi Mhatre
Name/Title:	See Note 5
Date:	08/14/2026

Lightspeed General Partner Select III, L.P.

Signature:	/s/ Ravi Mhatre
Name/Title:	By Lightspeed Ultimate General Partner Select III, Ltd., its General Partner, By Ravi Mhatre, Director
Date:	08/14/2026

Lightspeed Ultimate General Partner Select III, Ltd.

Signature:	/s/ Ravi Mhatre
Name/Title:	By Ravi Mhatre, Director
Date:	08/14/2026

Lightspeed Management Company, L.L.C.

Signature:	/s/ Ravi Mhatre
Name/Title:	By Ravi Mhatre, Managing Member
Date:	08/14/2026

Comments accompanying signature: Note 1: By Lightspeed General Partner X, L.P., its General Partner, By Lightspeed Ultimate General Partner X, Ltd., its General Partner, By Ravi Mhatre, Director Note 2: By Lightspeed General Partner Opportunity Fund, L.P., its General Partner, By Lightspeed Ultimate General Partner Opportunity Fund, Ltd., its General Partner, By Ravi Mhatre, Director Note 3: By Lightspeed Strategic Partners General Partner I L.P., its General Partner, Lightspeed Strategic Partners Ultimate General Partner I L.L.C., its General Partner, By Ravi Mhatre, Director Note 4: By Lightspeed General Partner Select II, L.P., its General Partner, By Lightspeed Ultimate General Partner Select II, Ltd., its General Partner, By Ravi Mhatre, Director Note 5: By Lightspeed General Partner Select III, L.P., its General Partner, By Lightspeed Ultimate General Partner Select III, Ltd., its General Partner, By Ravi Mhatre, Director

Exhibit Information

Exhibit 99.1 Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the SEC on February 17, 2026).