Ah 2022 Annual Fund-b, L.P. has been buying NAVN.

1. The buy: Ah 2022 Annual Fund-b, L.P., a 10%+ owner, bought 1,056,534 shares of NAVN on 22-29 December 2025 — $16,723,633 at $15.83 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: AH Equity Partners V, L.L.C. ($16,723,633), Andreessen Marc L ($16,723,633).
3. Filed: 29 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.