The CEO and President selling on the same day at the same price without disclosed 10b5-1 plans is a coordinated signal. Monitor for any upcoming earnings pre-announcement, guidance change, or material news within the next 30 days that could explain this insider exit.
Price Chart
Executive Summary
Navan's CEO and President collectively sold $1.27M in open-market shares on September 21, 2026, representing ~0.39% of market cap. This is a modest cluster of sales by the two most senior executives, both selling on the same day at the same price, which warrants attention despite the relatively small proportional size.
Key Financial Metrics
Key Facts
- CEO Ariel M. Cohen sold 50,647 shares at $21.27 for $1.08M
- President Michael Eric Sindicich sold 9,000 shares at $21.27 for $191K
- Total insider sales of $1.27M represent ~0.39% of market cap
- Both sales were open-market (code S) on the same day at the same price
- No 10b5-1 plan indication provided for either sale
Financial Impact
Total insider sales of $1.27M, or ~0.39% of market cap
Risk Factors
- Insider sales may be liquidity-driven despite lack of 10b5-1 plan disclosure
- Cluster is modest relative to market cap (~0.39%), limiting bearish conviction
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NAVN-1790206650846 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 8-K | $23.64 | awaiting T+60 | — | $27.20 (+15.06%) |
Sep 23, 2026 4w ago | Insider Cluster | $19.43 | awaiting T+60 | — | $27.20 (−39.99%) |
Sep 23, 2026 4w ago | Insider Cluster | $19.43 | awaiting T+60 | — | $27.20 (−39.99%) |
Jul 2, 2026 16w ago | Insider Cluster | $25.67 $20.69 | ▼ −19.40% | ▼ −21.12% | $27.20 (+5.96%) |
Jul 2, 2026 16w ago | Insider Cluster | $25.67 $20.69 | ▼ −19.40% | ▼ −21.12% | $27.20 (+5.96%) |
Jun 23, 2026 17w ago | Insider Cluster | $21.78 $21.36 | ▼ −1.93% | ▼ −5.81% | $27.20 (+24.89%) |
Jun 23, 2026 17w ago | Insider Cluster | $21.78 $21.36 | ▲ +1.93% | ▲ +5.81% | $27.20 (−24.89%) |
Jun 23, 2026 17w ago | Insider Cluster | $21.78 $21.36 | ▼ −1.93% | ▼ −5.81% | $27.20 (+24.89%) |
Jun 15, 2026 19w ago | Insider Cluster | $19.03 $21.02 | ▲ +10.46% | ▲ +8.60% | $27.20 (+42.93%) |
Jun 10, 2026 19w ago | 8-K | $22.63 $26.64 | ▲ +17.72% | ▲ +13.90% | $27.20 (+20.19%) |
US Market Status
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