Insider Twig Ilan Ezra Reports Navan Inc. Ownership Change

TL;DR

**Insider Twig Ilan Ezra just reported a change in Navan Inc. holdings.**

AI Summary

This Form 4 filing indicates that Twig Ilan Ezra, an insider, reported changes in beneficial ownership of securities in Navan, Inc. (CIK: 0001639723) on March 20, 2026. While the filing itself doesn't detail the specific transaction (buy or sell), it signals an insider's activity, which can be a significant indicator for investors. This matters because insider transactions often reflect their confidence (or lack thereof) in the company's future prospects, potentially influencing stock price movements.

Why It Matters

Insider transactions can signal management's view of the company's value, providing a potential cue for investors considering buying or selling Navan, Inc. stock.

Risk Assessment

Risk Level: medium — The filing indicates insider activity, but without transaction details (buy/sell, quantity, price), the specific implications for risk are unclear.

Analyst Insight

A smart investor would seek out the full Form 4 document to determine the nature of the transaction (buy or sell), the number of shares, and the price, as these details are crucial for interpreting the insider's sentiment towards Navan, Inc.

Key Players & Entities

• Twig Ilan Ezra (person) — Reporting Person
• Navan, Inc. (company) — Issuer of securities
• 0002085105 (person) — CIK of Twig Ilan Ezra
• 0001639723 (company) — CIK of Navan, Inc.
• 2026-03-20 (date) — Period of Report

FAQ

Key Financial Figures

• $8.62 — ple transactions at prices ranging from $8.62 to $8.665, inclusive. The Reporting Per
• $8 — actions at prices ranging from $8.62 to $8.665, inclusive. The Reporting Person un

Filing Documents

• form4-03242026_090332.html (4)
• form4-03242026_090332.xml (4) — 4KB
• 0002085105-26-000005.txt ( ) — 6KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Twig Ilan Ezra (Last) (First) (Middle) C/O NAVAN, INC. 3045 PARK BOULEVARD (Street) PALO ALTO CALIFORNIA 94306 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol Navan, Inc. [ NAVN ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Chief Technology Officer 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/20/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 03/20/2026 S (1) 49,210 D $ 8.6221 (2) 538,012 (3) D Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: 1. The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs). The sale satisfies the tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person. 2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.62 to $8.665, inclusive. The Reporting Person undertakes to provide 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. 3. Includes 440,415 RSUs, each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting. /s/ Howard Baik, Attorney-in-Fact 03/24/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 4: SEC 1474 (03-26)

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