Dec. 30 at 2:09 PM
$NAVN Sharing something I noticed in recent filings for Navan (
$NAVN).
On Dec 29, four a16z related entities disclosed four identical purchases:
1,056,534 shares each
$15.83 per share
About
$16.7M per buyer
The buyers were:
Andreessen Horowitz Fund V
Andreessen Horowitz LSV Fund I
Andreessen Horowitz LSV Fund III
Ben Horowitz (director / 10% owner)
In total, that’s about 4.23M shares and roughly
$66.9M deployed.
For context, “a16z” refers to Andreessen Horowitz, the venture capital firm co-founded by Ben Horowitz alongside Marc Andreessen.
This comes less than two weeks after a separate set of filings where related a16z entities disclosed about
$37.4M of purchases at
$13.51, and shortly after a
$1.27M open-market buy by director Andre D. Williams at
$12.72.
Not suggesting anything to do with it, just sharing public filings and price context for anyone following NAVN.
