Director David L. Yowan filed an initial statement of beneficial ownership with the SEC on November 9, 2026, disclosing holdings in Navient Holdings, Inc. (NASDAQ:NAVI) as of an October 28, 2026 triggering event.

Key Highlights

  • Reporting person: David L. Yowan, listed as a Director of Navient Holdings, Inc.
  • Common stock held directly: 418,490.921 shares, according to the filing.
  • Included in that total: 188,590.984 performance stock units and 4,761.967 shares of restricted stock subject to vesting, originally granted by Navient Corporation.
  • Phantom Stock Units disclosed: 14,861.26 units, each the economic equivalent of one share of Navient common stock, held directly.
  • Date of event requiring statement: October 28, 2026.
  • Successor disclosure: Navient Holdings, Inc. is described as "the successor to Navient Corporation under the Securities Exchange Act of 1934, as amended."

Yowan's Initial Beneficial Ownership at Navient Holdings

According to the filing, David L. Yowan, whose address is listed as 13865 Sunrise Valley Drive, Herndon, Virginia 20171, submitted this Form 3 as a director of Navient Holdings, Inc. The event requiring the statement occurred on October 28, 2026, and the form was signed on November 9, 2026 by Matthew Sheldon via power of attorney on Yowan's behalf.

The filing reports that Yowan directly holds 418,490.921 shares of common stock. The filing's footnote explains that this balance includes 188,590.984 performance stock units and 4,761.967 shares of restricted stock that "were received in respect of, and remain subject to vesting terms applicable to, performance stock units and shares of restricted stock granted by, and as reported on Form 4 filings with respect to, Navient Corporation." The filing identifies Navient Holdings, Inc. as the successor to Navient Corporation under the Securities Exchange Act of 1934, as amended.

In addition to the common stock position, the filing discloses 14,861.26 Phantom Stock Units held directly under Table II (Derivative Securities). The filing states that "each share of phantom stock is the economic equivalent of one share of Navient common stock" and that these units "will be settled in shares of Navient common stock based on the reporting person's deferral and distribution elections in the Navient Corporation Deferred Compensation Plan for Directors." No exercise price is listed for the phantom stock units, and no expiration date is provided in the filing.

What Was Disclosed

David L. Yowan, a director of Navient Holdings, Inc. (NASDAQ:NAVI), filed an initial beneficial ownership statement covering 418,490.921 shares of common stock held directly and 14,861.26 phantom stock units, as of October 28, 2026.