Navan, Inc. · Brief

Next report

43 days

Dec 14 · after closeest.Q3 FY27

Expected move

±11.9%implied · report alone

22.9929.21

straddle ±19.5%

spot 26.10exp Dec 18ATM strike 25ATM straddle 5.97IV 79%

Oct 30 closereport share · term structurethin chain

Expected move

4 reportsHistory

3 of 4≥ implied

Q3 FY26±11.0%▼−11.86%×1.08

Q1 FY27±21.6%▲+43.28%×2.00

Jun 10 '26±18.4%▲+8.43%×0.46

Q2 FY27±14.1%▼−21.75%×1.54

quarterimplied−45%0+45%realized×

Q2 FY27±14.1%▼−21.75%×1.54

Jun '26±18.4%▲+8.43%×0.46

Q1 FY27±21.6%▲+43.28%×2.00

Q3 FY26±11.0%▼−11.86%×1.08

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Dec 14 report · est.

Bull1

208managers reporting a position in the latest quarterly filings13F · Jun 30 '26

Bear2

3tracked funds holding NAVNN-PORT · Aug 31 '26

4 of 25of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

AI captions · Sep 28 '26once per report · top 2 per case

NAVN report session

No linked exposure.

Oct 98-KMaterial agreement: 8-K Item 1.01.Source

privateThesis 0 · Decisions 0 · Observations 0

No thesis.