NextTrip director-linked entity buys $100K stake
KCGM's reported post-transaction holdings were 104,492 common shares and 182,034 warrants; the family trust held 36,250 shares.
Rhea-AI Filing Summary
NextTrip, Inc. director Andrew Jay Kaplan reported that KC Global Media Asia LLC (KCGM), where he serves as chairman, privately purchased 52,910 common shares at $1.89 per share and warrants to purchase 52,910 shares on September 17, 2026, for a total purchase price of $100,000. The warrants have a $1.89 exercise price and expire September 17, 2029. Following the transaction, KCGM held 104,492 common shares and 182,034 warrants; the Kaplan Wright Family Trust separately held 36,250 common shares. Kaplan is deemed to beneficially own securities held by KCGM and the Trust, but disclaims beneficial ownership in excess of any pecuniary interest.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 52,910 shares
Net Buy
3 txns
Insider
Kaplan Andrew Jay
Role
Director
Bought
52,910 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Warrant F1, F2, F4 | 52,910 | $0.00 | $0.00 |
| Purchase | Common Stock F1, F2, F4 | 52,910 | $1.89 | $100K |
| holding | Common Stock F3, F4 | -- | -- | -- |
Holdings After Transaction:
Warrant — 182,034 contracts (Indirect, By KC Global Media Asia LLC);
Common Stock — 104,492 shares (Indirect, By KC Global Media Asia LLC);
Common Stock — 36,250 shares (Indirect, By Kaplan Wright Family Trust)
Footnotes (4)
- F1. The Issuer and KC Global Media Asia, LLC ("KCGM") entered into a Securities Purchase Agreement on September 17, 2026 pursuant to which KCGM purchased from Issuer in a private transaction 52,910 shares of common stock and warrants to purchase 52,910 shares of common stock for a purchase price of $100,000.
- F2. The securities are held by KCGM. Mr. Kaplan serves as Chairman of KCGM and is deemed to beneficially own the securities held by KCGM.
- F3. The shares are held by the Kaplan Wright Family Trust (the "Trust"). Mr. Kaplan is the trustee of the Trust. As such, Mr. Kaplan is deemed to beneficially own the securities held by the Trust.
- F4. Mr. Kaplan disclaims beneficial ownership of all securities held by KCGM and Trust in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of, or has pecuniary interest in, any such excess shares for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
Common shares purchased: 52,910 shares
Common stock purchase price: $1.89 per share
Total purchase price: $100,000
+5 more
8 metrics
Common shares purchased
52,910 shares
KCGM private transaction on September 17, 2026
Common stock purchase price
$1.89 per share
KCGM transaction on September 17, 2026
Total purchase price
$100,000
Securities Purchase Agreement for common shares and warrants
Warrants acquired
52,910 warrants
Warrants to purchase common shares in the September 17, 2026 transaction
Warrant exercise price
$1.89 per share
Warrants expiring September 17, 2029
KCGM common shares following transaction
104,492 shares
Reported following the September 17, 2026 transaction
KCGM warrants following transaction
182,034 warrants
Reported following the September 17, 2026 transaction
Kaplan Wright Family Trust common shares
36,250 shares
Trust holdings reported on September 17, 2026
Key Terms
Securities Purchase Agreement, warrants, beneficial ownership, pecuniary interest
4 terms
Securities Purchase Agreement financial
"entered into a Securities Purchase Agreement"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
warrants financial
"warrants to purchase 52,910 shares of common stock"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
beneficial ownership regulatory
"disclaims beneficial ownership of all securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest regulatory
"in excess of his pecuniary interest, if any"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did KCGM acquire in the NTRP transaction?
KC Global Media Asia LLC purchased 52,910 NextTrip common shares and warrants to purchase 52,910 shares in a private transaction on September 17, 2026.
What was the purchase price for the NTRP securities?
The Securities Purchase Agreement states a $100,000 total purchase price for the common shares and warrants. The common-stock transaction row reports a price of $1.89 per share.
What are the exercise terms for the NTRP warrants?
The acquired warrants are for 52,910 common shares, have an exercise price of $1.89 per share, and expire September 17, 2029.
Were the NTRP securities held directly by Andrew Jay Kaplan?
The shares and warrants are held by KCGM, where Andrew Jay Kaplan serves as chairman. He is deemed to beneficially own KCGM-held securities but disclaims beneficial ownership in excess of any pecuniary interest.
Was the NTRP transaction reported under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
