NAVN Navan, Inc. Insider Trading

Director Arif Janmohamed sold 475,869 shares for $9,098,183.58 across 3 transactions on NAVN

Arif Janmohamed, Director of Navan Inc., executed 3 separate sales totaling 475,869 shares for $9,098,183.58 between June 16–17, 2026, at a blended average price of $19.12. His post-transaction holdings of 2,280,989 shares represent a 17.3% reduction from his pre-transaction holdings of 2,756,858 shares. The company reported a net income of $-225,389,000.00 (negative) over its most recent full fiscal year, despite generating revenue of $194,934,000.00 and posting annual revenue growth of +30.8%. The stock currently trades at $21.91, representing -10.6% from its 52-week high of $24.50 and follows a 90-day surge of +147.0%.

Lightspeed Venture Partners Select II sold 475,869 shares of NAVN for $9.1M across 3 trades at blended avg $19.12

Lightspeed Venture Partners Select II, a 10% owner, executed 3 separate sales totaling 475,869 shares for $9,098,183.58 between June 16–17, 2026, reducing its stake by 17.3% to 2,280,989 shares post-transaction. The blended average sale price of $19.12 sits notably below the current price of $21.91, meaning the exit predated recent upward momentum (+16.0% over 30 days, +147.0% over 90 days). The company is unprofitable (net income of $-225,389,000.00 in the latest full fiscal year) despite strong top-line growth of +30.8% year-over-year and a recent quarterly revenue of $194,934,000.00; Navan trades at a $1.0B market cap. A sizable reduction in a founding venture investor's position against a backdrop of improving near-term price action and persistent losses warrants investor attention to the vendor's stated rationale and broader fund lifecycle dynamics.

Lightspeed VC reduces Navan stake by 475,869 shares ($9.1M) across 3 sales; retains 2.28M shares (10% owner)

Lightspeed Venture Partners X, LP executed 3 separate sales totaling 475,869 shares for $9,098,183.58 at a blended average price of $19.12, reducing its holding by 17.3% while maintaining a substantial 2.28M-share position. The sales occurred on June 16–17, 2026, slightly below the current market price of $21.91 and near the 52-week range, during a period when the stock has gained 16.0% over 30 days and 147.0% over 90 days. The company itself remains unprofitable (full-year net income of -$225.4M) despite strong revenue growth of 30.8%, a fundamental tension that may inform any material reassessment by a major institutional holder. The filing reveals a partial exit by a long-standing investor but does not, in isolation, indicate a categorical loss of conviction—the filer retains substantial equity and remains a 10% owner.

Director Arif Janmohamed sold 2,024,131 shares (42.3% of holdings) for $40.9M at Navan, reducing stake to 2.76M shares.

Arif Janmohamed executed 5 separate sales on 2026-06-12 and 2026-06-15, divesting 2,024,131 shares for a blended average price of $20.19 and total proceeds of $40,862,524.89. This represents a material reduction of 42.3% of his pre-transaction holdings (from 4,780,989 to 2,756,858 shares), occurring while the company is unprofitable (net income of -$225,389,000.00 in the latest full fiscal year) despite posting annual revenue growth of +30.8%. The stock has recovered significantly from its 52-week low ($8.10), trading at $20.10 currently and up 118.5% over 90 days, though it remains 18.0% below the 52-week high ($24.50). The magnitude of this liquidation—removing a substantial portion of the director's equity stake at elevated prices—warrants examination of the rationale and any broader strategic implications at the company.

Lightspeed Venture Partners Select II sold 2,024,131 shares (42.3% of holdings) for $40,862,524.89 across 5 transactions on 2026-06-12 and 2026-06-15.

Lightspeed Venture Partners Select II, a 10% owner of NAVN, executed 5 separate sales totaling 2,024,131 shares for $40,862,524.89, reducing its stake from 4,780,989 shares to 2,756,858 shares (a -42.3% reduction). The sales occurred at prices ranging from $19.77 to $20.91, with a blended average of $20.19, marginally above the current price of $20.10. This represents a material stake reduction by a major VC holder concurrent with the company's unfavorable fundamentals: NAVN is unprofitable (net income of $-225,389,000.00 in its most recent full fiscal year) despite strong revenue growth of +30.8% year-over-year. The divestiture signals a structural shift in the VC's position in an early-stage, cash-burning venture, though the transaction occurred at price levels consistent with recent trading rather than at a pronounced discount or premium.

Lightspeed Venture Partners X, LP sold 2,024,131 shares for $40.9M at blended avg $20.19, reducing stake 42.3%

Lightspeed Venture Partners X, LP executed 5 separate sales totaling 2,024,131 shares for $40,862,524.89 on June 12 and June 15, 2026, at prices ranging from $19.77 to $20.91, reducing its holdings from 4,780,989 shares to 2,756,858 shares (a 42.3% reduction). The sale occurred as the stock trades at $20.10, near the blended transaction price of $20.19, against a 52-week high of $24.50 and within a 90-day rally of +118.5%. The underlying company reported a latest-quarter revenue of $194,934,000 with a net loss of $-225,389,000, reflecting unprofitability over its most recent full fiscal year despite annual revenue growth of +30.8%. The substantial reduction of a venture capital firm's 10% ownership stake warrants attention to whether the exit reflects a predetermined secondary offering or other liquidity event, alongside assessment of whether the company's widening losses pose concerns to long-term value creation.

President Michael Eric Sindicich sold 51,169 shares of NAVN at $20.20 under pre-arranged 10b5-1 plan; stock +23.3% in 30 days post-sale.

Michael Eric Sindicich, President of Navan, Inc., executed a sale of 51,169 shares (51.2K shares) on 2026-05-28 under a pre-arranged 10b5-1 trading plan adopted 2026-01-05, reducing his holdings from 600,420 shares to 549,251 shares. The sale was scheduled rather than discretionary. In his prior trade at this ticker (2025-10-31), he sold shares that subsequently returned -49.4% over 90 days, though the timing of that sale cannot be characterized as this filing's execution is formulaic. The company reported a net income of -$225,389,000 ($-225.4M) for its most recent full fiscal year while generating $194,934,000 ($194.9M) in latest-quarter revenue, underscoring ongoing unprofitability despite +30.8% annual revenue growth (FY vs prior FY).

Director Williams Anre D bought 100,000 NAVN shares at $12.00 for $1.2M, raising holdings 86.9% to 215,024 shares

Williams Anre D, a director of Navan, Inc., purchased 100,000 shares at $12.00 on 2026-03-30, a material addition representing an 86.9% increase to his existing holdings. The company is currently unprofitable, reporting net income of $-225.4M against revenue of $194.9M in the latest quarter, while the stock trades at $13.24, down 34.7% from its 52-week high of $20.28. Notably, this purchase mirrors a prior buy at the same ticker on 2025-12-17 that generated a 90-day return of -27.7%, indicating the insider's previous accumulation at NAVN did not deliver positive results over the subsequent quarter. The current repurchase occurs in a stock up 35.9% over 30 days but down 22.5% over 90 days, suggesting the director is adding exposure after a recent rebound from depressed levels.

Andreessen Horowitz Fund V bought 46,337 shares of Navan at $18.11 on 2026-01-07; part of 5-trade cluster within 12 days as stock rebounds +23.7% in 30 days.

Andreessen Horowitz Fund V, L.P. as a 10% owner purchased 46,337 shares at $18.11, adding to 8,346,792 shares post-transaction. This buy is the fifth consecutive purchase by this investor within 12 days (2025-12-26 through 2026-01-07), occurring as the stock has risen 23.7% over the past 30 days. Notably, 3 other insiders have also bought within the past 14 days, forming a cluster purchase pattern. The company reported revenue of $194,934,000 in the latest quarter against a net loss of $-225,389,000, leaving fundamental context murky. The cluster activity suggests coordinated confidence or a response to recent price momentum, though the rapid succession of buys at ascending prices and the stock's distance of -14.8% from its 52-week high of $20.28 warrant investor scrutiny.

Andreessen Horowitz LSV Fund I (10% owner) bought 46,337 shares of NAVN at $18.11 on 2026-01-07; stock now at $17.28, -14.8% from 52-week high.

Andreessen Horowitz LSV Fund I purchased 46,337 shares at $18.11, adding to a substantial existing position of 8.35M shares. The timing is notable: this buy occurred just one day after another purchase at the same entity and represents the fifth consecutive buy within a 12-day window (2025-12-26 through 2026-01-07). The stock has declined -14.8% from its 52-week high of $20.28, yet the fund continued accumulating during this pullback. However, the target company faces significant headwinds—a net loss of $-225.4M against revenue of $194.9M—which raises questions about whether this sustained buying reflects conviction in a turnaround or simply structured rebalancing by a large stakeholder. A cluster pattern with 3 other insiders buying within 14 days adds some validation to the appetite, though none of the prior same-ticker transactions at NAVN have measurable 30- or 90-day outcomes yet.