NAVN CLUSTER SEC Filing Analysis

Latest settled — T+20d

NAVN ▲ +73.06% at T+20d

SHORT call ✗ call lost -73.06% · α vs SPY -63.74% · entry $8.87 → $15.35

Next anchor: T+60d in 2d

Currently $19.93 · -124.69% from $8.87 entry (call sign-flipped)

Entry anchored
Mar 19, 03:59 PM ET
via Databento tick

T+1d

+0.23%

call -0.23% · α +0.88%

$8.89

settled 3mo ago

T+5d

+37.66%

call -37.66% · α -39.81%

$12.21

settled 3mo ago

T+20d

+73.06%

call -73.06% · α -63.74%

$15.35

settled 8w ago

T+60d

—

call — · α —

—

in 2d

Price Chart

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Executive Summary

Navan's CEO and CTO sold a combined $1.73 million in open-market transactions on March 20, 2026, at approximately $8.62 per share. Both sales were executed at market price, representing meaningful insider selling from top executives. Given the size and concentration among C-suite leaders, this raises potential concerns about confidence in near-term prospects.

Key Financial Metrics

Direction

selling

Total Value

$1.7M

Insiders

2

Actionable Insight

Traders should monitor for any upcoming earnings releases, guidance changes, or product updates that may have prompted this coordinated exit. Absent clear catalysts, such C-suite selling often precedes negative news or softness in business performance.

Key Facts

CEO Ariel Cohen sold 151,007 shares for $1.30 million in an open-market transaction.
CTO Ilan Ezra sold 49,210 shares for $424,294 in an open-market transaction.
Total insider selling in the cluster: $1.73 million over a 1-day window.
Both transactions occurred at market price on the same day, indicating coordinated timing.
Selling represents 0.079% of Navan's $2.2B market cap — modest in absolute terms but significant given concentration in top executives.

Financial Impact

$1.73 million in open-market sales by CEO and CTO

insider sentimentshareholder confidencepotential dilution risk

Risk Factors

Loss of executive confidence in stock appreciation near current levels
Potential for follow-on selling by other insiders
Negative market perception given concentration in CEO and CTO

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CONTEXT: Insider Cluster Data (2 trades, 7d window)	cluster-NAVN-1774388033252

4 reports for NAVN

T+1T+5T+20T+60

Filters

Reports for NAVN — sortable, filterable
	Type				Now
Jun 10, 2026 2d ago	8-K BULLISH ★ 8/10	$25.50 awaiting T+20	awaiting T+20	—	$19.93 (−21.84%)
May 6, 2026 5w ago	144 NEUTRAL ★ 2/10	$18.01 $22.16	▲ +23.04%	▲ +19.91%	$19.93 (+10.66%)
Apr 17, 2026 8w ago	8-K NEUTRAL ★ 3/10	$15.35 $18.40	▲ +19.87%	▲ +15.67%	$19.93 (+29.84%)
Mar 20, 2026 12w ago	Insider Cluster BEARISH ★ 7/10	$8.87 $15.35	▼ −73.06%	▼ −63.74%	$19.93 (−124.69%)

US Market Status

Market Closed — Opens Mon (49h 35m)

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