TWIG ILAN EZRA enters NAVAN, INC. with 11.42M shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Direct Indirect Derivatives

TWIG ILAN EZRA

Filed: 10/29/2025ACC: 0002085105-25-000005

InsiderTWIG ILAN EZRACIK 2085105

→

IssuerNAVAN, INC.CIK 1639723

DirectorOfficer· Chief Technology Officer

Since Mar 2026

11.42M

Baseline shares

5% direct

587.22K

Direct ownership

1 position

3.58M

Derivative underlying

5 instruments

Security positions

10.83M indirect

Non-Derivative Holdings4

Class A Common Stock

Indirect

Shares owned9.94M

Class A Common Stock

Indirect

Shares owned127.85K

Class A Common Stock

Direct

Shares owned587.22K

Class A Common Stock

Indirect

Shares owned766.67K

Total

587.22K direct·10.83M indirect11.42M

Security Title	Shares Owned	Ownership Type
Class A Common Stock	9.94M	Indirect
Class A Common Stock	127.85K	Indirect
Class A Common Stock	587.22K	Direct
Class A Common Stock	766.67K	Indirect
Total	11.42M	587.22K direct·10.83M indirect

Derivative Holdings5

Stock Option (Right to Buy)

Direct

Underlying security

Class A Common Stock

Underlying shares

254.31K

Shares owned

N/A

Exercise price

22.62

Expiration

—

Exercise window

—

Stock Option (Right to Buy)

Direct

Underlying security

Class A Common Stock

Underlying shares

200.85K

Shares owned

N/A

Exercise price

16.26

Expiration

—

Exercise window

—

Stock Option (Right to Buy)

Direct

Underlying security

Class A Common Stock

Underlying shares

381.47K

Shares owned

N/A

Exercise price

22.62

Expiration

—

Exercise window

—

Stock Option (Right to Buy)

Direct

Underlying security

Class A Common Stock

Underlying shares

2.07M

Shares owned

N/A

Exercise price

10.05

Expiration

—

Exercise window

—

Stock Option (Right to Buy)

Direct

Underlying security

Class A Common Stock

Underlying shares

666.67K

Shares owned

N/A

Exercise price

16.26

Expiration

—

Exercise window

—

Total

Underlying

3.58M

Owned

0.00

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option (Right to Buy) Direct	Class A Common Stock	22.62	—	—	254.31K	N/A
Stock Option (Right to Buy) Direct	Class A Common Stock	16.26	—	—	200.85K	N/A
Stock Option (Right to Buy) Direct	Class A Common Stock	22.62	—	—	381.47K	N/A
Stock Option (Right to Buy) Direct	Class A Common Stock	10.05	—	—	2.07M	N/A
Stock Option (Right to Buy) Direct	Class A Common Stock	16.26	—	—	666.67K	N/A
Total					3.58M	0.00