ATLANTA, GA – – (Globe Newswire – February 24, 2026) – – A shareholder class action lawsuit has been filed against Navan, Inc. (“Navan” or the “Company”) (NASDAQ: NAVN). The lawsuit alleges that Defendants issued false and misleading statements and/or failed to disclose material adverse facts regarding Navan’s business, operations, and prospects, including allegations that the Company had increased its “sales and marketing” expenses by 39% for the quarter ending October 31, 2025, which was the same day as Navan’s initial public offering.

If you purchased Navan shares in connection with its October 31, 2025 initial public offering and experienced a significant loss on that investment you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832, or by visiting the firm’s website at www.holzerlaw.com/case/navan/ for more information.

The deadline to ask the court to be appointed lead plaintiff in the case is April 24, 2026.