---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-047879"
form_type: "8-K"
ticker: "NAVN"
cik: "0001639723"
company_name: "Navan, Inc."
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:53:54.110290+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Navan (NAVN) completes IPO, adopts dual-class stock with 30:1 voting for founders

## Summary
- IPO closed Oct 31, 2025; shares trade on Nasdaq under ticker NAVN.
- Co-founders Cohen and Twig exchange Class A shares for Class B shares (1:1) with 30 votes each.
- Equity exchange rights allow founders to convert future equity awards into super-voting Class B shares.
- Amended charter and bylaws effective IPO closing; founders subject to lock-up agreements with underwriters.

## SEC filing metadata
- accession: 0001628280-25-047879
- form_type: 8-K
- ticker: NAVN
- cik: 0001639723
- company_name: Navan, Inc.
- filed_at: 2025-11-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639723/000162828025047879/0001628280-25-047879-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639723/000162828025047879/navan-closing8xk.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-047879
- JSON: https://secwatch.observer/filing/0001628280-25-047879.json
- Plain text: https://secwatch.observer/filing/0001628280-25-047879.txt

## Key facts
- Governance Changes
  Navan, Inc.: Amended and restated bylaws in connection with IPO (effective 2025-10-31).
  - Change: bylaw amendment
  - Effective: 2025-10-31
  source text: On October 31, 2025, the Company’s amended and restated bylaws (the “Restated Bylaws”) became effective in connection with the closing of the IPO.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639723/000162828025047879/0001628280-25-047879-index.htm
- Governance Changes
  Navan, Inc.: Amended and restated certificate of incorporation in connection with IPO (effective 2025-10-31).
  - Change: charter amendment
  - Effective: 2025-10-31
  source text: On October 31, 2025, the Company filed an amended and restated certificate of incorporation (the “Restated Certificate”) with the Secretary of State of the State of Delaware in connection with the closing of the IPO.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639723/000162828025047879/0001628280-25-047879-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.