Ariel M. Cohen, Chairperson and CEO of Navan, Inc. (NASDAQ:NAVN), filed a Form 4 on November 3, 2026, disclosing the sale of 8,033 shares of Class A Common Stock on November 2, 2026, under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Shares sold: 8,033 shares of Class A Common Stock disposed of on November 2, 2026
  • Weighted average price: $26.1349 per share, with individual transactions ranging from $26.01 to $26.28, inclusive
  • Trading plan: Sales were made pursuant to a Rule 10b5-1 trading plan adopted by Cohen on July 13, 2026
  • Beneficial ownership following transaction: 1,027,562 shares of Class A Common Stock held directly
  • RSUs included: The post-transaction total includes 995,682 RSUs, each representing a contingent right to receive one share of Class A Common Stock upon vesting
  • Reporting person role: Cohen serves as both Director and Chairperson and CEO of Navan, Inc.

Cohen's Rule 10b5-1 Sale of Class A Common Stock in Navan

According to the filing, Ariel M. Cohen, Chairperson and CEO of Navan, Inc., disposed of 8,033 shares of the company's Class A Common Stock on November 2, 2026. The transaction was coded "S" (a sale) and was reported as a direct holding. The weighted average sale price was $26.1349 per share, with individual transactions executed at prices ranging from $26.01 to $26.28, inclusive, across multiple transactions.

The filing states that the sales were effected pursuant to a Rule 10b5-1 trading plan that Cohen adopted on July 13, 2026. The form further notes that Cohen "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."

Following the reported transaction, Cohen's direct beneficial ownership stands at 1,027,562 shares of Class A Common Stock, according to the filing. That total includes 995,682 RSUs, described as each representing "a contingent right to receive one share of Issuer's Class A Common Stock upon vesting." No derivative securities transactions were reported in Table II of the form. The filing was signed by Howard Baik as Attorney-in-Fact on November 3, 2026.

What Was Disclosed

Navan, Inc.'s Chairperson and CEO Ariel M. Cohen reported the sale of 8,033 shares of Class A Common Stock at a weighted average price of $26.1349 on November 2, 2026, under a pre-established 10b5-1 plan, leaving him with 1,027,562 shares beneficially owned directly, including 995,682 RSUs.