COHEN ARIEL M. (Chairperson and CEO) sold 393.38K shares of NAVAN, INC. on the open market

Open‑market sale worth $11.86M. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 4 sales

COHEN ARIEL M.

Filed: 8/31/2026ACC: 0001853730-26-000011

InsiderCOHEN ARIEL M.CIK 1853730

→

IssuerNAVAN, INC.CIK 1639723

DirectorOfficer· Chairperson and CEO

Since Mar 2026

-393.38K

Net shares

Net seller

$11.86M

Total sold

Open market trades

0B · 4S

Total transactions

225K acquired · 618.38K disposed

Non-Derivative Transactions7

Class A Common Stock

Direct

S · Sale

−168.38K

Price / share

$30.14

Trade value

$5.08M

% of position

13.4%

8/27/2026

1.25M→1.09M

Class A Common Stock

Indirect

C · Conversion

+75K

Price / share

—

Trade value

—

% of position

New position

8/27/2026

0.00→75K

Class A Common Stock

Indirect

S · Sale

−75K

Price / share

$30.14

Trade value

$2.26M

% of position

New position

8/27/2026

75K→0.00

Class A Common Stock

Indirect

C · Conversion

+75K

Price / share

—

Trade value

—

% of position

New position

8/27/2026

0.00→75K

Class A Common Stock

Indirect

S · Sale

−75K

Price / share

$30.14

Trade value

$2.26M

% of position

New position

8/27/2026

75K→0.00

Class A Common Stock

Indirect

C · Conversion

+75K

Price / share

—

Trade value

—

% of position

New position

8/27/2026

0.00→75K

Class A Common Stock

Indirect

S · Sale

−75K

Price / share

$30.14

Trade value

$2.26M

% of position

New position

8/27/2026

75K→0.00

Total

Net shares

−168.38K

Net value

-$11.86M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	8/27/2026	S · Sale	−168.38K	$30.14	$5.08M	13.4%	1.25M	1.09M
Class A Common Stock Indirect	8/27/2026	C · Conversion	+75K	—	—	New position	0.00	75K
Class A Common Stock Indirect	8/27/2026	S · Sale	−75K	$30.14	$2.26M	New position	75K	0.00
Class A Common Stock Indirect	8/27/2026	C · Conversion	+75K	—	—	New position	0.00	75K
Class A Common Stock Indirect	8/27/2026	S · Sale	−75K	$30.14	$2.26M	New position	75K	0.00
Class A Common Stock Indirect	8/27/2026	C · Conversion	+75K	—	—	New position	0.00	75K
Class A Common Stock Indirect	8/27/2026	S · Sale	−75K	$30.14	$2.26M	New position	75K	0.00
Total			−168.38K		-$11.86M

Derivative Transactions3

Class B Common Stock

Indirect

C · Conversion

Converts to

Class A Common Stock

75K shares

−75K

Strike price

Held after

688.65K

Exercisable

—

8/27/2026

Class B Common Stock

Indirect

C · Conversion

Converts to

Class A Common Stock

75K shares

−75K

Strike price

Held after

688.65K

Exercisable

—

8/27/2026

Class B Common Stock

Indirect

C · Conversion

Converts to

Class A Common Stock

75K shares

−75K

Strike price

Held after

688.65K

Exercisable

—

8/27/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Class B Common Stock Indirect	Class A Common Stock75K shares	8/27/2026	C · Conversion	−75K	—	688.65K
Class B Common Stock Indirect	Class A Common Stock75K shares	8/27/2026	C · Conversion	−75K	—	688.65K
Class B Common Stock Indirect	Class A Common Stock75K shares	8/27/2026	C · Conversion	−75K	—	688.65K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)4

Class B Common Stock

Indirect

Underlying security

Class A Common Stock

Underlying shares

3.17M

Shares owned

3.17M

Exercise price

Expiration

—

Exercise window

—

Class B Common Stock

Indirect

Underlying security

Class A Common Stock

Underlying shares

4.80K

Shares owned

4.80K

Exercise price

Expiration

—

Exercise window

—

Class B Common Stock

Indirect

Underlying security

Class A Common Stock

Underlying shares

4.80K

Shares owned

4.80K

Exercise price

Expiration

—

Exercise window

—

Class B Common Stock

Indirect

Underlying security

Class A Common Stock

Underlying shares

4.80K

Shares owned

4.80K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

3.18M

Owned

3.18M

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Class B Common Stock Indirect	Class A Common Stock	—	—	3.17M	3.17M
Class B Common Stock Indirect	Class A Common Stock	—	—	4.80K	4.80K
Class B Common Stock Indirect	Class A Common Stock	—	—	4.80K	4.80K
Class B Common Stock Indirect	Class A Common Stock	—	—	4.80K	4.80K
Total				3.18M	3.18M