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buyNotable cluster of 5

Benjamin A Horowitz bought $9.4M of NAVN

director, owner at Navan, Inc.. 692,395 shares at an average of $13.51, traded Dec 17, 2025, filed Dec 19, 2025.

Conviction score
76
Value
$9.4M
692,395 shares
Holdings after
6,266,946
+12% from before
From 52-week low
0%
low $12.90, close $12.90
From 52-week high
-36%
high $20.27, as of Dec 17, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $9.4M at market
    +25
  • Relative to holdings
    Holdings up 12%
    +3
  • Price context
    0% above the 52-week low; 36% below the 52-week high
    +18
  • Cluster
    5 insiders buying within 14 days
    +15
  • Repeat buying
    First buy in 90 days
    0
  • Track record
    Too few past buys to judge (0 with prices)
    0

What happened after comparable buys

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -2.1%, 3m -41.3%, 6m +45.0%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

NAVNOct 12, 2026 · close 23.56
Since filing Dec 19, 2025: +55.9%SPY +15.2% · excess +40.7%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001166586-25-000009, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Dec 17, 2025POpen-market purchase
Class A Common Stockindirect: By Andreessen Horowitz LSV Fund II, L.P.
+347,600$12.65$4.4M5,922,151Dec 19, 2025
Dec 18, 2025POpen-market purchase
Class A Common Stockindirect: By Andreessen Horowitz LSV Fund II, L.P.
+103,960$13.61$1.4M6,026,111Dec 19, 2025
Dec 19, 2025POpen-market purchase
Class A Common Stockindirect: By Andreessen Horowitz LSV Fund II, L.P.
+240,835$14.70$3.5M6,266,946Dec 19, 2025

Related signals

Other insiders at Navan, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
65Notable
NAVNsell 3
Navan, Inc.
Ariel M. Cohen
Chairperson and CEO
$1.1M
50,647 shares
-5%
47Moderate
NAVNsell 3
Navan, Inc.
Michael Eric Sindicich
President
$191k
8,977 shares
-2%
52Moderate
NAVNsell 3
Navan, Inc.
Ilan Ezra Twig
Chief Technology Officer
$767k
36,040 shares
-4%
40Moderate
NAVNsell10b5-1
Navan, Inc.
Ariel M. Cohen
Chairperson and CEO
$12M
393,378 shares
-31%
53Moderate
NAVNsell 2
Navan, Inc.
Lightspeed Venture Partners Select II, L.P.
owner
$228k
8,983 shares
-100%
53Moderate
NAVNsell 2
Navan, Inc.
Lightspeed Venture Partners X, L.P.
owner
$228k
8,983 shares
-100%
60Notable
NAVNsell 5
Navan, Inc.
Lightspeed Venture Partners Select II, L.P.
owner
$261k
10,569 shares
-100%
60Notable
NAVNsell 5
Navan, Inc.
Lightspeed Venture Partners X, L.P.
owner
$261k
10,569 shares
-100%
63Notable
NAVNsell 6
Navan, Inc.
Ariel M. Cohen
Chairperson and CEO
$875k
41,530 shares
-3%
41Moderate
NAVNsell 6
Navan, Inc.
Michael Eric Sindicich
President
$46k
2,176 shares
-0%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Benjamin A Horowitz bought $9.4M of NAVN | InsiderTell