Form 4: Lightspeed Venture Partners Discloses Navan Stock Transactions

Lightspeed Venture Partners Select II, L.P. and related entities have reported transactions involving Navan, Inc. Class A Common Stock.

Summary

• Lightspeed Venture Partners Select II, L.P. and several affiliated entities have filed a Form 4 detailing transactions of Navan, Inc. Class A Common Stock.
• The filing indicates a transaction on July 1, 2026, involving the sale of 10,569 shares at a weighted average price of $24.65.
• The reporting persons are 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., Lightspeed Ultimate General Partner Select III, Ltd., and Lightspeed Management Company, L.L.C.
• The filing also lists significant holdings by other Lightspeed entities, including Lightspeed Venture Partners X, L.P., Lightspeed Affiliates X, L.P., Lightspeed Opportunity Fund, L.P., and Lightspeed Strategic Partners I L.P.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting routine stock transactions and ownership details without significant positive or negative financial performance indicators.

Negatives

• A clerical error led to the inadvertent omission of certain shares held by Lightspeed Management Company, L.L.C. from a previous Form 4 filing dated June 15, 2026.

Future Outlook

This filing primarily reports past transactions and existing beneficial ownership, and does not contain forward-looking statements or guidance regarding future performance.

Management Comments

• The Reporting Persons undertake to provide to 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.
• Such shares were inadvertently omitted from the June 15, 2026 Form 4 as a result of a clerical error.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for significant shareholders and insiders, providing transparency into ownership changes and transactions. This filing details divestments by a major venture capital investor in Navan, Inc.

Stakeholder Impact

• Shareholders: Provides transparency into the holdings and transactions of a significant investor, Lightspeed Venture Partners, which can inform investment decisions.
• Navan, Inc.: The filing confirms the reporting of stock transactions and ownership structures related to a key investor.

Next Steps

• Reporting Persons will provide detailed transaction information upon request from the Issuer, security holders, or the SEC staff.

Key Dates

Keywords

Form 4, SEC Filing, Lightspeed Venture Partners, Navan Inc., NAVN, Class A Common Stock, Beneficial Ownership, Stock Transaction, Venture Capital