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sellNotable cluster of 3

Ilan Ezra Twig sold $25M of NAVN

Chief Technology Officer at Navan, Inc.. 1,000,000 shares at an average of $25.00, traded Oct 31, 2025, filed Oct 31, 2025.

Warning score
60
Value
$25M
1,000,000 shares
Holdings after
8,939,081
-10% from before
From 52-week low
+1%
low $20.00, close $20.27
From 52-week high
0%
high $20.27, as of Oct 31, 2025

Score components

  • Role
    Officer
    +15
  • Trade size
    $25.0M at market
    +25
  • Share of holdings sold
    Sold 10% of holdings
    +5
  • Cluster
    3 insiders selling within 14 days
    +15

What happened after comparable sells

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 -17.7%, 3m -43.4%, 6m -8.9%.

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 Oct 31, 2025: +16.2%SPY +15.3% · excess +0.9%

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 0002085105-25-000008, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Oct 31, 2025SOpen-market sale
Class A Common Stockindirect: By The Ilan Twig Living Trust
-1,000,000$25.00$25M8,939,081Oct 31, 2025
Oct 31, 2025CConversion
Class A Common Stockindirect: By The Ilan Twig Living Trust
-8,939,081$0.00$00Oct 31, 2025
Oct 31, 2025CConversion
Class A Common Stockindirect: By The Twig Irrevocable Gift Trust
-127,846$0.00$00Oct 31, 2025
Oct 31, 2025CConversion
Class A Common Stockindirect: By the Leeor Eli Twig GST Trust
-766,666$0.00$00Oct 31, 2025
Oct 31, 2025CConversion
Class B Common Stockderivativeindirect: By The Ilan Twig Living Trust
+8,939,081$0.00$08,939,081Oct 31, 2025
Oct 31, 2025CConversion
Class B Common Stockderivativeindirect: By The Twig Irrevocable Gift Trust
+127,846$0.00$0127,846Oct 31, 2025
Oct 31, 2025CConversion
Class B Common Stockderivativeindirect: By the Leeor Eli Twig GST Trust
+766,666$0.00$0766,666Oct 31, 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.

Ilan Ezra Twig sold $25M of NAVN | InsiderTell