Navan president Sindicich sells $5.79m in shares

Published 01/11/2025, 02:04
Navan president Sindicich sells $5.79m in shares

Navan, Inc. NASDAQ:NAVN President Michael Eric Sindicich sold 231,842 shares of Class A Common Stock on October 31, 2025, for $25.0 per share, totaling $5,796,050. The sale price represents a premium to the current trading price of $20.32 and near the 52-week high of $22.75, suggesting favorable timing for the executive’s transaction.

On the same day, Sindicich also exercised options to acquire 49,758 shares and 182,084 shares of Class A Common Stock. The prices for these options were $0.6825 and $10.05, respectively, totaling $1,863,904. InvestingPro data shows Navan has a market capitalization of approximately $4.96 billion with a negative P/E ratio of -6.09, indicating the company is currently not profitable despite substantial trading volume of 10.29 million shares daily.

Following these transactions, Sindicich directly owns 319,863 shares of Navan, Inc., which includes 93,483 restricted stock units. For deeper insights into Navan’s insider trading patterns and over a dozen additional ProTips to guide your investment decisions, check out InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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