Navan Executives Sell $2 Million in Shares

6 sourcesUpdated Sep 26, 2026

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Navan executives CEO Ariel Cohen, CTO Ilan Twig and President Michael Sindicich sold a combined 95,664 shares on Sept. 21 at an average price of $21.27, generating about $2.03 million. The sales were disclosed in SEC filings and were made to cover tax withholding on vested equity awards. Navan shares fell about 6.6% in Wednesday trading after the transactions drew attention. The company’s latest quarterly results beat earnings estimates and showed revenue growth of 35.4% year over year, though it continued to report a net loss.

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