Navan Inc.

11/03/2025 | Press release | Distributed by Public on 11/03/2025 18:31

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
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 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ZEEV OREN
2. Issuer Name and Ticker or Trading Symbol
Navan, Inc. [NAVN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O ZEEV VENTURES,, 555 BRYANT STREET, SUITE 811
3. Date of Earliest Transaction (Month/Day/Year)
10/31/2025
(Street)
PALO ALTO, CA 94301
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City) (State) (Zip)
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(3) 10/31/2025 C 57,264 A (1) 57,264 D
Class A Common Stock 10/31/2025 C 770,077 A (1) 770,077 I Zeev Opportunity Fund I, L.P.(2)(4)
Class A Common Stock 10/31/2025 C 4,529,493 A (1) 4,529,493 I Zeev Ventures II, L.P.(2)(5)
Class A Common Stock 10/31/2025 C 15,766,767 A (1) 15,766,767 I Zeev Ventures II-A, L.P.(2)(6)
Class A Common Stock 10/31/2025 C 9,114,792 A (1) 10,823,032 I Zeev Ventures III, L.P.(2)(7)
Class A Common Stock 10/31/2025 C 1,974,957 A (1) 1,974,957 I Zeev Ventures IV, L.P.(2)(8)
Class A Common Stock 10/31/2025 C 1,000,915 A (1) 1,000,915 I Zeev Ventures V, L.P.(2)(9)
Class A Common Stock 10/31/2025 C 382,900 A (1) 382,900 I Zeev Ventures VI, L.P.(2)(10)
Class A Common Stock 10/31/2025 C 836,401 A (1) 1,124,268 I Zeev Ventures VII, L.P.(2)(11)
Class A Common Stock 10/31/2025 C 857,010 A (1) 917,394 I Zeev Ventures VIII, L.P.(2)(12)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)
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 Underlying Securities
(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 of Derivative Security: 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
Series Seed Preferred Stock(3) (1) 10/31/2025 C 57,264 (1) (1) Class A Common Stock 57,264 (1) 0 D
Series A Preferred Stock (1) 10/31/2025 C 4,529,493 (1) (1) Class A Common Stock 4,529,493 (1) 0 I Zeev Ventures II, L.P.(2)(5)
Series A Preferred Stock (1) 10/31/2025 C 7,347,850 (1) (1) Class A Common Stock 7,347,850 (1) 0 I Zeev Ventures II-A, L.P.(2)(6)
Series A-1 Preferred Stock (1) 10/31/2025 C 7,024,053 (1) (1) Class A Common Stock 7,024,053 (1) 0 I Zeev Ventures II-A, L.P.(2)(6)
Series B Preferred Stock (1) 10/31/2025 C 1,394,864 (1) (1) Class A Common Stock 1,394,864 (1) 0 I Zeev Ventures II-A, L.P.(2)(6)
Series B Preferred Stock (1) 10/31/2025 C 9,114,792 (1) (1) Class A Common Stock 9,114,792 (1) 0 I Zeev Ventures III, L.P.(2)(7)
Series C Preferred Stock (1) 10/31/2025 C 1,974,957 (1) (1) Class A Common Stock 1,974,957 (1) 0 I Zeev Ventures IV, L.P.(2)(8)
Series D Preferred Stock (1) 10/31/2025 C 900,944 (1) (1) Class A Common Stock 900,944 (1) 0 I Zeev Ventures V, L.P.(2)(9)
Series D Preferred Stock (1) 10/31/2025 C 382,900 (1) (1) Class A Common Stock 382,900 (1) 0 I Zeev Ventures VI, L.P.(2)(10)
Series E Preferred Stock (1) 10/31/2025 C 770,077 (1) (1) Class A Common Stock 770,077 (1) 0 I Zeev Opportunity Fund I, L.P.(2)(4)
Series E Preferred Stock (1) 10/31/2025 C 481,298 (1) (1) Class A Common Stock 481,298 (1) 0 I Zeev Ventures VII, L.P.(2)(11)
Series F Preferred Stock (1) 10/31/2025 C 624,764 (1) (1) Class A Common Stock 624,764 (1) 0 I Zeev Ventures VIII, L.P.(2)(12)
Series G-1 Preferred Stock (1) 10/31/2025 C 135,284 (1) (1) Class A Common Stock 135,284 (1) 0 I Zeev Ventures VIII, L.P.(2)(12)
Series Seed Preferred Stock (1) 10/31/2025 C 99,971 (1) (1) Class A Common Stock 99,971 (1) 0 I Zeev Ventures V, L.P.(2)(9)
Series Seed Preferred Stock (1) 10/31/2025 C 355,103 (1) (1) Class A Common Stock 355,103 (1) 0 I Zeev Ventures VII, L.P.(2)(11)
Series Seed Preferred Stock (1) 10/31/2025 C 96,962 (1) (1) Class A Common Stock 96,962 (1) 0 I Zeev Ventures VIII, L.P.(2)(12)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ZEEV OREN
C/O ZEEV VENTURES,
555 BRYANT STREET, SUITE 811
PALO ALTO, CA 94301
X X
ZEEV OPPORTUNITY FUND I, L.P.
C/O ZEEV VENTURES,
555 BRYANT STREET, SUITE 811
PALO ALTO, CA 94301
X
ZEEV VENTURES II, L.P.
C/O ZEEV VENTURES,
555 BRYANT STREET, SUITE 811
PALO ALTO, CA 94301
X
ZEEV VENTURES II-A, L.P.
C/O ZEEV VENTURES,
555 BRYANT STREET, SUITE 811
PALO ALTO, CA 94301
X
ZEEV VENTURES III, L.P.
C/O ZEEV VENTURES,
555 BRYANT STREET, SUITE 811
PALO ALTO, CA 94301
X
Zeev Ventures IV, L.P.
C/O ZEEV VENTURES,
555 BRYANT STREET, SUITE 811
PALO ALTO, CA 94301
X
ZEEV VENTURES V, L.P.
C/O ZEEV VENTURES,
555 BRYANT STREET, SUITE 811
PALO ALTO, CA 94301
X
ZEEV VENTURES VI, L.P.
C/O ZEEV VENTURES,
555 BRYANT STREET, SUITE 811
PALO ALTO, CA 94301
X
ZEEV VENTURES VII, L.P.
C/O ZEEV VENTURES,
555 BRYANT STREET, SUITE 811
PALO ALTO, CA 94301
X
ZEEV VENTURES VIII, L.P.
C/O ZEEV VENTURES,
555 BRYANT STREET, SUITE 811
PALO ALTO, CA 94301
X

Signatures

/s/ Oren Zeev, Director 11/03/2025
**Signature of Reporting Person Date
Zeev Opportunity Fund I, L.P., By: Zeev Opportunity Management I, L.L.C., its general partner, By: /s/ Oren Zeev, its managing member 11/03/2025
**Signature of Reporting Person Date
Zeev Ventures II, L.P., By: Zeev Ventures Management II, L.L.C., its general partner, By: /s/ Oren Zeev, its managing member 11/03/2025
**Signature of Reporting Person Date
Zeev Ventures II-A, L.P., By: Zeev Ventures Management II-A, L.L.C., its general partner, By: /s/ Oren Zeev, its managing member 11/03/2025
**Signature of Reporting Person Date
Zeev Ventures III, L.P., By: Zeev Ventures Management III, L.L.C., its general partner, By: /s/ Oren Zeev, its managing member 11/03/2025
**Signature of Reporting Person Date
Zeev Ventures IV, L.P., By: Zeev Ventures Management IV, L.L.C., its general partner, By: /s/ Oren Zeev, its managing member 11/03/2025
**Signature of Reporting Person Date
Zeev Ventures V, L.P., By: Zeev Ventures Management V, L.L.C., its general partner, By: /s/ Oren Zeev, its managing member 11/03/2025
**Signature of Reporting Person Date
Zeev Ventures VI, L.P., By: Zeev Ventures Management VI, L.L.C., its general partner, By: /s/ Oren Zeev, its managing member 11/03/2025
**Signature of Reporting Person Date
Zeev Ventures VII, L.P., By: Zeev Ventures Management VII, L.L.C., its general partner, By: /s/ Oren Zeev, its managing member 11/03/2025
**Signature of Reporting Person Date
Zeev Ventures VIII, L.P., By: Zeev Ventures Management VIII, L.L.C., its general partner, By: /s/ Oren Zeev, its managing member 11/03/2025
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Each share of Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series G-1 Preferred Stock, and Series Seed Preferred Stock (collectively, the "Preferred Stock") converted automatically upon closing of the Issuer's initial public offering into Class A common stock of the Issuer (the "Class A Common Stock") on a ratio dependent on the public offering price of the Class A Common Stock in the Issuer's initial public offering without payment of consideration and had no expiration date.
(2) Oren Zeev is the managing member of each of Zeev Opportunity Management I, L.L.C., Zeev Ventures Management II, L.L.C., Zeev Ventures Management II-A, L.L.C., Zeev Ventures Management III, L.L.C., Zeev Ventures Management IV, L.L.C., Zeev Ventures Management V, L.L.C., Zeev Ventures Management VI, L.L.C., Zeev Ventures Management VII, L.L.C., and Zeev Ventures Management VIII, L.L.C. (collectively, the "General Partners") and, as such, may be deemed to beneficially own the shares held by each of Zeev Opportunity Fund I, L.P., Zeev Ventures II, L.P., Zeev Ventures II-A, L.P., Zeev Ventures III, L.P., Zeev Ventures IV, L.P., Zeev Ventures V, L.P., Zeev Ventures VI, L.P., Zeev Ventures VII, L.P., and Zeev Ventures VIII, L.P. (collectively, the "Funds"). Oren Zeev has voting and dispositive power over the shares held by the Funds. Each of Oren Zeev and the General Partners disclaims beneficial ownership except to the extent of their pecuniary interest therein, if any.
(3) Shares held directly by Oren Zeev. Oren Zeev is a director of the Issuer.
(4) Shares held directly by Zeev Opportunity Fund I, L.P. Zeev Opportunity Management I, L.L.C. is the general partner of Zeev Opportunity Fund I, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Opportunity Fund I, L.P.
(5) Shares held directly by Zeev Ventures II, L.P. Zeev Ventures Management II, L.L.C. is the general partner of Zeev Ventures II, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures II, L.P.
(6) Shares held directly by Zeev Ventures II-A, L.P. Zeev Ventures Management II-A, L.L.C. is the general partner of Zeev Ventures II-A, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures II-A, L.P.
(7) Shares held directly by Zeev Ventures III, L.P. Zeev Ventures Management III, L.L.C. is the general partner of Zeev Ventures III, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures III, L.P.
(8) Shares held directly by Zeev Ventures IV, L.P. Zeev Ventures Management IV, L.L.C. is the general partner of Zeev Ventures IV, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures IV, L.P.
(9) Shares held directly by Zeev Ventures V, L.P. Zeev Ventures Management V, L.L.C. is the general partner of Zeev Ventures V, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures V, L.P.
(10) Shares held directly by Zeev Ventures VI, L.P. Zeev Ventures Management VI, L.L.C. is the general partner of Zeev Ventures VI, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures VI, L.P.
(11) Shares held directly by Zeev Ventures VII, L.P. Zeev Ventures Management VII, L.L.C. is the general partner of Zeev Ventures VII, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures VII, L.P.
(12) Shares held directly by Zeev Ventures VIII, L.P. Zeev Ventures Management VIII, L.L.C. is the general partner of Zeev Ventures VIII, L.P. and, as such, may be deemed to beneficially own the shares held by Zeev Ventures VIII, L.P.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
Navan Inc. published this content on November 03, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on November 04, 2025 at 00:32 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]