[Form 4] NextTrip, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 – Insider Option Grant

On 06/25/2025, Director Jacob Brunsberg received a stock option covering 50,000 shares of NextTrip, Inc. (NTRP) at an exercise price of $3.37. The award (transaction code “A”) vests immediately and expires on 06/24/2027. After the transaction, Brunsberg holds 50,000 derivative securities and reported no changes in direct common-stock ownership.

The filing provides a new equity incentive for the director while introducing potential dilution of up to 50,000 shares if the options are exercised.

Positive

• Equity incentive aligns director interests with shareholder value by rewarding performance above the $3.37 exercise price.

Negative

• Potential dilution of 50,000 shares if all options are exercised, increasing share count and marginally pressuring EPS.

Insights

Financial Analyst

TL;DR: Routine option grant; neutral impact, modest potential dilution.

The 50 K option award is a standard equity incentive that aligns Director Brunsberg’s interests with shareholders only if NTRP trades above $3.37. The size of the grant is small in absolute terms and typical for emerging-growth firms, so immediate market impact should be limited. However, full exercise would add 50 K shares to the float, a modest dilution investors should note. No cash outflow or insider sale occurred, keeping near-term financials unaffected.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Duitch Dennis

(Last) (First) (Middle)

3900 PASEO DEL SOL

(Street)

SANTA FE NM 87507

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NextTrip, Inc. [ NTRP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$3.37	06/25/2025		A		50,000		06/25/2025	06/24/2027	Common Stock	50,000	$0	50,000	D

Explanation of Responses:

	/s/ Dennis Duitch	07/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity was disclosed for NTRP?

Director Jacob Brunsberg was granted 50,000 stock options at an exercise price of $3.37, expiring 06/24/2027.

Does the Form 4 indicate any insider selling?

No. The filing reports an acquisition (code A) of options, not a sale of common shares.

How might the option grant affect NTRP shareholders?

If exercised, the options could add 50,000 new shares, causing modest dilution; meanwhile they align management incentives.

When do the granted options for NTRP expire?

The options expire on 06/24/2027.

What is the exercise price of the newly granted NTRP options?

Each option is exercisable at $3.37 per share.