AH Equity Partners LSV III, L.L.C. has been buying NAVN.

1. The buy: AH Equity Partners LSV III, L.L.C., a 10%+ owner, bought 692,395 shares of NAVN on 17 December 2025 — $9,352,310 at $13.51 a share.
2. The entry above is not that price. A Form 4 discloses what they paid on their own trade date, which was before anyone else could see it. Ours is the opening price on the first session after this became public.

Others filed on NAVN the same day: Andreessen Horowitz Fund V-Q, L.P. ($9,352,310), Andreessen Horowitz LSV Fund I-B, L.P. ($9,352,310).
3. Filed: 19 December 2025.

Risk: this is an INSTITUTION, not an executive. A fund or trust with a board seat or a 10% stake is building a position, and it may be averaging in, hedged elsewhere, or acting on a mandate that has nothing to do with a view on the next quarter. That is a different signal from a chief executive buying their own stock, which is why it posts here rather than under Big Insider Buys. An automated tracker of public SEC filings, not a recommendation.