X0508 4 2025-10-31 0001639723 Navan, Inc. NAVN 0001668017 Lightspeed Venture Partners Select II, L.P. C/O LIGHTSPEED VENTURE PARTNERS 2200 SAND HILL ROAD MENLO PARK CA 94025 false false true false 0001744936 Lightspeed General Partner Select II, L.P. C/O LIGHTSPEED VENTURE PARTNERS 2200 SAND HILL ROAD MENLO PARK CA 94025 0 0 1 0 0001744937 Lightspeed Ultimate General Partner Select II, Ltd. C/O LIGHTSPEED VENTURE PARTNERS 2200 SAND HILL ROAD MENLO PARK CA 94025 0 0 1 0 0001735240 LIGHTSPEED VENTURE PARTNERS SELECT III, L.P. C/O LIGHTSPEED VENTURE PARTNERS 2200 SAND HILL ROAD MENLO PARK CA 94025 0 0 1 0 0001912810 Lightspeed General Partner Select III, L.P. C/O LIGHTSPEED VENTURE PARTNERS 2200 SAND HILL ROAD MENLO PARK CA 94025 0 0 1 0 0001912675 Lightspeed Ultimate General Partner Select III, Ltd. C/O LIGHTSPEED VENTURE PARTNERS 2200 SAND HILL ROAD MENLO PARK CA 94025 0 0 1 0 0 Class A Common Stock 2025-10-31 4 C 0 23365502 A 23365502 I By Lightspeed Venture Partners X, L.P. Class A Common Stock 2025-10-31 4 C 0 192885 A 192885 I By Lightspeed Affiliates X, L.P. Class A Common Stock 2025-10-31 4 C 0 4478486 A 4780989 I By Lightspeed Opportunity Fund, L.P. Class A Common Stock 2025-10-31 4 C 0 587965 A 587965 I By Lightspeed Strategic Partners I L.P. Class A Common Stock 2025-10-31 4 C 0 14859595 A 14859595 I By Lightspeed Venture Partners Select II, L.P. Class A Common Stock 2025-10-31 4 C 0 6134518 A 6134518 I By Lightspeed Venture Partners Select III, L.P. Series Seed Preferred Stock 2025-10-31 4 C 0 11744720 D Class A Common Stock 3914906 0 I By Lightspeed Venture Partners X, L.P. Series Seed Preferred Stock 2025-10-31 4 C 0 578656 D Class A Common Stock 192885 0 I By Lightspeed Affiliates X, L.P. Series A Preferred Stock 2025-10-31 4 C 0 12078656 D Class A Common Stock 4026218 0 I By Lightspeed Venture Partners X, L.P. Series A-1 Preferred Stock 2025-10-31 4 C 0 38230672 D Class A Common Stock 12743557 0 I By Lightspeed Venture Partners X, L.P. Series B Preferred Stock 2025-10-31 4 C 0 8042464 D Class A Common Stock 2680821 0 I By Lightspeed Venture Partners X, L.P. Series B Preferred Stock 2025-10-31 4 C 0 40212320 D Class A Common Stock 13404106 0 I By Lightspeed Venture Partners Select II, L.P. Series C Preferred Stock 2025-10-31 4 C 0 13470670 D Class A Common Stock 4490223 0 I By Lightspeed Venture Partners Select III, L.P. Series C-1 Preferred Stock 2025-10-31 4 C 0 4163544 D Class A Common Stock 1387848 0 I By Lightspeed Venture Partners Select II, L.P. Series D Preferred Stock 2025-10-31 4 C 0 7287940 D Class A Common Stock 2432552 0 I By Lightspeed Opportunity Fund, L.P. Series D Preferred Stock 2025-10-31 4 C 0 4723666 D Class A Common Stock 1576654 0 I By Lightspeed Venture Partners Select III, L.P. Series E Preferred Stock 2025-10-31 4 C 0 5249132 D Class A Common Stock 1759626 0 I By Lightspeed Opportunity Fund, L.P. Series E Preferred Stock 2025-10-31 4 C 0 1148606 D Class A Common Stock 385038 0 I By Lightspeed Strategic Partners I L.P. Series F Preferred Stock 2025-10-31 4 C 0 649200 D Class A Common Stock 218667 0 I By Lightspeed Opportunity Fund, L.P. Series G-1 Preferred Stock 2025-10-31 4 C 0 200273 D Class A Common Stock 67641 0 I By Lightspeed Opportunity Fund, L.P. Series G-1 Preferred Stock 2025-10-31 4 C 0 600821 D Class A Common Stock 202927 0 I By Lightspeed Strategic Partners I L.P. Series G-1 Preferred Stock 2025-10-31 4 C 0 200273 D Class A Common Stock 67641 0 I By Lightspeed Venture Partners Select II, L.P. Series G-1 Preferred Stock 2025-10-31 4 C 0 200273 D Class A Common Stock 67641 0 I By Lightspeed Venture Partners Select III, L.P. Each share of Series Seed, Series A, Series A-1, Series B, Series C, Series C-1, Series D, Series E, Series F and Series G-1 Preferred Stock automatically converted into shares of Class A Common Stock immediately prior to the closing of the Issuer's initial public offering ("IPO") for no additional consideration at a conversion ratio that was dependent upon the initial price per share to the public in the Issuer's IPO. Shares are held by Lightspeed Venture Partners X, L.P. ("Lightspeed X"). Lightspeed General Partner X, L.P. ("LGP X") is the general partner of Lightspeed X. Lightspeed Ultimate General Partner X, Ltd. ("LUGP X") is the general partner of LGP X. Each of LGP X and LUGP X disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein. Shares are held by Lightspeed Affiliates X, L.P. ("Affiliates X"). LGP X is the general partner of Affiliates X. LUGP X is the general partner of LGP X. Each of LGP X and LUGP X disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein. Shares are held by Lightspeed Opportunity Fund, L.P. ("Opportunity"). Lightspeed General Partner Opportunity Fund, L.P. ("LGP Opportunity") is the general partner of Opportunity. Lightspeed Ultimate General Partner Opportunity Fund, Ltd. ("LUGP Opportunity") is the general partner of LGP Opportunity. Each of LGP Opportunity and LUGP Opportunity disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein. Shares are held by Lightspeed Strategic Partners I L.P. ("Strategic"). Lightspeed Strategic Partners General Partner I L.P. ("LGP Strategic") is the general partner of Strategic. Lightspeed Strategic Partners Ultimate General Partner I L.L.C. ("LUGP Strategic") is the general partner of LGP Strategic. Each of LGP Strategic and LUGP Strategic disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein. Shares are held by Lightspeed Venture Partners Select II, L.P. ("Lightspeed Select II"). Lightspeed General Partner Select II, L.P. ("LGP Select II") is the general partner of Lightspeed Select II. Lightspeed Ultimate General Partner Select II, Ltd. ("LUGP Select II") is the general partner of LGP Select II. Each of LGP Select II and LUGP Select II disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein. Shares are held by Lightspeed Venture Partners Select III, L.P. ("Lightspeed Select III"). Lightspeed General Partner Select III, L.P. ("LGP Select III") is the general partner of Lightspeed Select III. Lightspeed Ultimate General Partner Select III, Ltd. ("LUGP Select III") is the general partner of LGP Select III. Each of LGP Select III and LUGP Select III disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein. This Form 4 is the second of two Forms 4 filed relating to the same events. Combined, the two Form 4s report the holdings for the following Reporting Persons: Lightspeed Venture Partners X, L.P., Lightspeed Affiliates X, L.P., Lightspeed General Partner X, L.P., Lightspeed Ultimate General Partner X, Ltd., Lightspeed Opportunity Fund, L.P., Lightspeed General Partner Opportunity Fund, L.P., Lightspeed Ultimate General Partner Opportunity Fund, Ltd., Lightspeed Strategic Partners I L.P., Lightspeed Strategic Partners General Partner I L.P., Lightspeed Strategic Partners Ultimate General Partner I L.L.C., Lightspeed Venture Partners Select II, L.P., Lightspeed General Partner Select II, L.P., Lightspeed Ultimate General Partner Select II, Ltd., Lightspeed Venture Partners Select III, L.P., Lightspeed General Partner Select III, L.P. and Lightspeed Ultimate General Partner Select III, Ltd. This Form 4 has been split into two filings because there are more than 10 reporting persons in total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 10 reporting persons. Lightspeed Venture Partners Select II, L.P., By: Lightspeed General Partner Select II, L.P., its General Partner, By: Lightspeed Ultimate General Partner Select II, Ltd., its General Partner, By /s/ Ravi Mhatre, Director 2025-11-04 Lightspeed General Partner Select II, L.P., By: Lightspeed Ultimate General Partner Select II, Ltd., its General Partner, By /s/ Ravi Mhatre, Director 2025-11-04 Lightspeed Ultimate General Partner Select II, Ltd., By /s/ Ravi Mhatre, Director 2025-11-04 Lightspeed Venture Partners Select III, L.P., By: Lightspeed General Partner Select III, L.P., its General Partner, By: Lightspeed Ultimate General Partner Select III, Ltd., its General Partner, By /s/ Ravi Mhatre, Director 2025-11-04 Lightspeed General Partner Select III, L.P., By: Lightspeed Ultimate General Partner Select III, Ltd., its General Partner, By /s/ Ravi Mhatre, Director 2025-11-04 Lightspeed Ultimate General Partner Select III, Ltd., By /s/ Ravi Mhatre, Director 2025-11-04