Lightspeed Venture Partners X, L.P.'s Form 4 filing
Navan, Inc. (NAVN) · filed Jun 15, 2026
- Accession no.
- 0001231919-26-000642
- Filed
- Jun 15, 2026, 8:25 PM ET
- Trade date
- Jun 11-15, 2026
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 7 non-derivative transactions. Open-market sales total $40.9M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Lightspeed Venture Partners X, L.P.CIK 0001602573 | 10% Owner |
| Lightspeed Affiliates X, L.P.CIK 0001617751 | 10% Owner |
| Lightspeed Ultimate General Partner X, Ltd.CIK 0001700549 | 10% Owner |
| Lightspeed General Partner X, L.P.CIK 0001700550 | 10% Owner |
| Lightspeed Opportunity Fund, L.P.CIK 0001780948 | 10% Owner |
| Lightspeed Strategic Partners I L.P.CIK 0001830973 | 10% Owner |
| Lightspeed Strategic Partners General Partner I L.P.CIK 0001978187 | 10% Owner |
| Lightspeed Strategic Partners Ultimate General Partner I L.L.C.CIK 0001978866 | 10% Owner |
| Lightspeed Ultimate General Partner Opportunity Fund, Ltd.CIK 0001980477 | 10% Owner |
| Lightspeed General Partner Opportunity Fund, L.P.CIK 0001980478 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 11, 2026 | Class A Common Stock | JOtherDisposed | −3,504,825 | $0.00 | $0 | 19,860,677 | Indirect | |
| Jun 11, 2026 | Class A Common Stock | JOtherDisposed | −2,228,940 | $0.00 | $0 | 12,630,655 | Indirect | |
| Jun 12, 2026 | Class A Common Stock | SSaleDisposed | −197,748 | $19.77F5 | −$3,909,477.96 | 4,583,241 | Indirect | Duplicate filing |
| Jun 12, 2026 | Class A Common Stock | SSaleDisposed | −822,069 | $20.06F7 | −$16,490,704.14 | 3,761,172 | Indirect | Duplicate filing |
| Jun 12, 2026 | Class A Common Stock | SSaleDisposed | −83 | $20.91F8 | −$1,735.53 | 3,761,089 | Indirect | Duplicate filing |
| Jun 15, 2026 | Class A Common Stock | SSaleDisposed | −573,572 | $20.19F9 | −$11,580,418.68 | 3,187,517 | Indirect | Duplicate filing |
| Jun 15, 2026 | Class A Common Stock | SSaleDisposed | −430,659 | $20.62F10 | −$8,880,188.58 | 2,756,858 | Indirect | Duplicate filing |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.8748 to $19.8741 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.
Referenced by the price of 1 transaction in Table I.
- F7
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.8752 to $20.8701 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.
Referenced by the price of 1 transaction in Table I.
- F8
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.90 to $20.9127 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.
Referenced by the price of 1 transaction in Table I.
- F9
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.385 to $20.3849 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.
Referenced by the price of 1 transaction in Table I.
- F10
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.3856 to $20.89 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.
Referenced by the price of 1 transaction in Table I.
Remarks
This Form 4 is the first of two Forms 4 filed relating to the same events. Combined, the two Form 4s report the holdings for the following Reporting Persons: Lightspeed Venture Partners X, L.P., Lightspeed Affiliates X, L.P., Lightspeed General Partner X, L.P., Lightspeed Ultimate General Partner X, Ltd., Lightspeed Opportunity Fund, L.P., Lightspeed General Partner Opportunity Fund, L.P., Lightspeed Ultimate General Partner Opportunity Fund, Ltd., Lightspeed Strategic Partners I L.P., Lightspeed Strategic Partners General Partner I L.P., Lightspeed Strategic Partners Ultimate General Partner I L.L.C., 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. and Lightspeed Ultimate General Partner Select III, Ltd. This Form 4 has been split into two filings because there are more than 10 reporting persons in total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 10 reporting persons.