NAVN - Navan, Inc.

Insider Purchase by Andreessen Horowitz Lsv Fund Iii, L.P. (10%)

3 Months
After Trade
Before Trade

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Trade Summary

2 months ago, Andreessen Horowitz Lsv Fund Iii, L.P., serving as 10% owner at Navan, Inc. (NAVN), purchased 1,056,534 shares at $15.83 per share, for a total transaction value of $16,723,633.00. Following this transaction, Andreessen Horowitz Lsv Fund Iii, L.P. now holds 27,195,364 shares of NAVN.

This purchase represents a 4.00% increase in Andreessen Horowitz Lsv Fund Iii, L.P.'s stake in the company. This is considered a medium-conviction trade.

The trade was executed on Monday, December 22, 2025 and publicly disclosed via SEC Form 4 filing on Monday, December 29, 2025, 7 days after the trade was made.

Navan, Inc. operates in the TECHNOLOGY sector, specifically within the SOFTWARE - APPLICATION industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Andreessen Horowitz Lsv Fund Iii, L.P.

Andreessen Horowitz Lsv Fund Iii, L.P.

10%

Andreessen Horowitz LSV Fund III, L.P. Andreessen Horowitz LSV Fund III, L.P. is a Delaware-incorporated limited partnership (CIK: 0001889367) serving as a dedicated late-stage venture capital vehicle managed by Andreessen Horowitz (a16z), a prominent venture capital firm founded in 2009. Launched as a $2 billion fund to target high-potential companies achieving escape velocity—those executing bold visions in emerging categories while still requiring significant company-building support—the fund emphasizes a venture mindset over traditional growth equity approaches. It focuses on financial evaluation of businesses at later stages, complementing a16z's broader portfolio across seed to late-stage investments in sectors like enterprise software, consumer, fintech, bio, and crypto. The fund operates within a16z's ecosystem, which has evolved to include specialized teams for distinct investment theses while enabling cross-fund collaboration. Key leadership includes David George as a General Partner overseeing the late-stage efforts, with plans for further team expansion. As a 10% beneficial owner, the fund has been active in public markets, notably acquiring substantial stakes in Navan, Inc. (NAVN) through multiple purchases in late 2025, including over 10 million shares on October 30 and additional buys in December totaling millions more at prices ranging from $12.65 to $14.70. It has also engaged in transactions with companies like Samsara Inc., reflecting its strategy of investing in public and private tech firms post-IPO or during scaling phases. This fund underscores a16z's adaptation to industry shifts, such as prolonged private company lifecycles and mega-rounds, by providing tailored capital and operational expertise to ambitious tech entrepreneurs building category-defining businesses.

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Trade Price

$15.83

Quantity

1,056,534

Total Value

$16,723,633.00

Shares Owned

27,195,364

Trade Date

Monday, December 22, 2025

62 days ago

SEC Filing Date

Monday, December 29, 2025

Filed 7 days after trade

TECHNOLOGYSOFTWARE - APPLICATION

About Navan, Inc.

Company Overview

No company information available
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