Navan, Inc.

January 26, 2026

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Jeff Campisi

Jeffrey P. Campisi

JCampisi@kaplanfox.com

Laurence D. King

LKing@kaplanfox.com

Kaplan Fox Alerts Investors of Navan, Inc. (NAVN) to an Investigation of Possible Securities Law Violations

Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Navan, Inc. (“Navan” or the “Company”) (NASDAQ: NAVN).

CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION

If you are a Navan investor and have suffered losses, or if you have information that could assist in the Navan investigation, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing jcampisi@kaplanfox.com or by calling (212) 329-8571.

According to its website, Navan is an “all-in-one travel and expense platform”. On or around October 30, 2025, the Company conducted an initial public offering (“IPO”) of 30 million shares at an offering price of $25.00 per share.

On December 15, 2025, the Company announced in a press release third quarter fiscal year 2026 results. Navan reported that “GAAP loss from operations was ($79 million) compared to a loss from operations of ($19 million) in the third quarter of fiscal year 2025[.]” The Company further announced “that Amy Butte will depart as Chief Financial Officer, effective January 9, 2026.”

Following this news, on December 16, 2025, the price of Navan stock declined from a closing price on December 15, 2025 of $12.90 per share, to close at $14.64 per share, a decline of $1.74 per share, or by 11.9%.

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If you have any questions about this investigation, please contact:

CONTACT:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(212) 329-8571
jcampisi@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com

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