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Wednesday, October 28, 2026

Equity Corporate Actions Alert #2026 - 772
Information Regarding the Formation of a Holding Company for Navient Corporation (NAVI & JSM)

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  • Industry Announcement

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The Formation of a Holding Company Reorganization of Navient Corporation (NAVI & JSM) will automatically become effective at 11:59 PM ET on October 28, 2026. As a result, Navient Corporation Common Stock (NAVI) will undergo a corporate name and CUSIP number change & Navient Corporation 6% Senior Notes due December 15, 2043 (JSM) will undergo a corporate name change only. These actions will be effective in the marketplace at the open of business on Thursday, October 29, 2026.

The details regarding the name and CUSIP change are as follows:

Current Company Name/Issue: Navient Corporation Common Stock
New Company Name/Issue: Navient Holdings, Inc. Common Stock
Current CUSIP: 63938C108
New CUSIP: 63943R108
Symbol: NAVI
Marketplace Effective Date: Thursday, October 29, 2026

Current Company Name/Issue: Navient Corporation 6% Senior Notes due December 15, 2043
New Company Name/Issue: Navient LLC 6% Senior Notes due December 15, 2043
CUSIP: 63938C405
Symbol: JSM
Marketplace Effective Date: Thursday, October 29, 2026

If you would like to register as a market maker in NAVI or JSM, contact Nasdaq Trading Services at +1 212 231 5100.

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