Form 4: Navan CEO Sells Shares
Insider Transaction (Form 4)
Ariel M. Cohen, Chairperson and CEO and a Director of Navan, Inc., sold 393,378 shares of common stock on August 27, 2026 for $30.14 per share.
Summary
- Open-market sale: disposed of 168,378 Class A Common Stock at $30.14 ($5,075,603) on August 27, 2026; holds 1,086,242 after (Direct).
- Conversion of derivative: acquired 75,000 Class A Common Stock on August 27, 2026; holds 75,000 after (Indirect).
- Open-market sale: disposed of 75,000 Class A Common Stock at $30.14 ($2,260,808) on August 27, 2026 (Indirect).
- Conversion of derivative: acquired 75,000 Class A Common Stock on August 27, 2026; holds 75,000 after (Indirect).
- Open-market sale: disposed of 75,000 Class A Common Stock at $30.14 ($2,260,808) on August 27, 2026 (Indirect).
- Conversion of derivative: acquired 75,000 Class A Common Stock on August 27, 2026; holds 75,000 after (Indirect).
- Open-market sale: disposed of 75,000 Class A Common Stock at $30.14 ($2,260,808) on August 27, 2026 (Indirect).
- Conversion of derivative: disposed of 75,000 Class B Common Stock on August 27, 2026; holds 688,653 after (Indirect).
- Conversion of derivative: disposed of 75,000 Class B Common Stock on August 27, 2026; holds 688,653 after (Indirect).
- Conversion of derivative: disposed of 75,000 Class B Common Stock on August 27, 2026; holds 688,653 after (Indirect).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $11,858,026 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Ariel M. Cohen — Director, Officer (Chairperson and CEO)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-27 | Open-market sale | Class A Common Stock | 168,378 | $30 | $5.1M | 1,086,242 |
| 2026-08-27 | Conversion of derivative | Class A Common Stock | 75,000 | — | — | 75,000 |
| 2026-08-27 | Open-market sale | Class A Common Stock | 75,000 | $30 | $2.3M | 0 |
| 2026-08-27 | Conversion of derivative | Class A Common Stock | 75,000 | — | — | 75,000 |
| 2026-08-27 | Open-market sale | Class A Common Stock | 75,000 | $30 | $2.3M | 0 |
| 2026-08-27 | Conversion of derivative | Class A Common Stock | 75,000 | — | — | 75,000 |
| 2026-08-27 | Open-market sale | Class A Common Stock | 75,000 | $30 | $2.3M | 0 |
| 2026-08-27 | Conversion of derivative | Class B Common Stock | 75,000 | — | — | 688,653 |
| 2026-08-27 | Conversion of derivative | Class B Common Stock | 75,000 | — | — | 688,653 |
| 2026-08-27 | Conversion of derivative | Class B Common Stock | 75,000 | — | — | 688,653 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-27 | Open-market sale (168,378 shares) |
| 2026-08-27 | Conversion of derivative (75,000 shares) |
| 2026-08-27 | Open-market sale (75,000 shares) |
| 2026-08-27 | Conversion of derivative (75,000 shares) |
| 2026-08-27 | Open-market sale (75,000 shares) |
| 2026-08-27 | Conversion of derivative (75,000 shares) |
| 2026-08-27 | Open-market sale (75,000 shares) |
| 2026-08-27 | Conversion of derivative (75,000 shares) |
| 2026-08-27 | Conversion of derivative (75,000 shares) |
| 2026-08-27 | Conversion of derivative (75,000 shares) |
Keywords
insider transaction, Form 4, NAVN, Navan, Inc., bearish, Ariel M. Cohen
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