NextTrip director exchanges wages for 17,886 shares
NextTrip, Inc. director and 10% owner Donald P. Monaco, through the Donald P. Monaco Insurance Trust, acquired 17,886 shares of common stock on July 31, 2026 by exchanging unpaid wages at $1.62 per share.
Rhea-AI Filing Summary
NextTrip, Inc. director and 10% owner Donald P. Monaco, through the Donald P. Monaco Insurance Trust, acquired 17,886 shares of common stock on July 31, 2026 by exchanging unpaid wages at $1.62 per share.
The Insurance Trust now holds 2,100,182 shares. Monaco is also deemed to beneficially own additional indirect holdings of 1,733, 11,386 and 64,064 shares via affiliated entities, while disclaiming beneficial ownership beyond his pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 17,886 shares
Other
4 txns
Insider
Monaco Donald P
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1, F2 | 17,886 | $1.62 | $29K |
| holding | Common Stock F3, F6 | -- | -- | -- |
| holding | Common Stock F4, F6 | -- | -- | -- |
| holding | Common Stock F5, F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,100,182 shares (Indirect, By Donald P. Monaco Insurance Trust);
Common Stock — 1,733 shares (Indirect, By Monaco Investment Partners, LP);
Common Stock — 11,386 shares (Indirect, By Travel & Media LLC);
Common Stock — 64,064 shares (Indirect, By NextTrip Group, LLC)
Footnotes (6)
- F1. Reporting person exchanged debt in the form of unpaid wages for shares of common stock.
- F2. The shares are beneficially owned by the Donald P. Monaco Insurance Trust (the "Trust"). The Reporting Person is the trustee of the Trust. As such, the Reporting Person is deemed to beneficially own the shares held by the Trust
- F3. The shares are beneficially owned by Monaco Investment Partners, LP ("MI Partners"). The Reporting Person is the managing general partner of MI Partners. As such, the Reporting Person is deemed to beneficially own the securities held by the MI Partners.
- F4. The securities are beneficially owned by Travel & Media, LLC ("TMT"). Monaco Investment Partners II, LP ("MI II Partners") is a 52% member of TMT. The Reporting Person is the managing general partner of MI II Partners. As such, the Reporting Person is deemed to beneficially own the shares held by TMT.
- F5. The securities are beneficially owned by NextTrip Group, LLC ("NG"). Reporting person is a 50% Member of NG. As such, the Reporting Person is deemed to beneficially own the shares held by NG.
- F6. The Reporting Person disclaims beneficial ownership of all securities held by MI Partners, MI II Partners, NG and TMT 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
Shares acquired: 17,886 shares
Price per share: $1.62 per share
Insurance Trust holdings after transaction: 2,100,182 shares
+3 more
6 metrics
Shares acquired
17,886 shares
Common Stock acquired on July 31, 2026 by exchanging unpaid wages
Price per share
$1.62 per share
Conversion rate of unpaid wages into Common Stock
Insurance Trust holdings after transaction
2,100,182 shares
Common Stock held by Donald P. Monaco Insurance Trust after July 31, 2026 transaction
Monaco Investment Partners holdings
1,733 shares
Common Stock beneficially owned by Monaco Investment Partners, LP
Travel & Media LLC holdings
11,386 shares
Common Stock beneficially owned by Travel & Media, LLC
NextTrip Group LLC holdings
64,064 shares
Common Stock beneficially owned by NextTrip Group, LLC
Key Terms
beneficially own, pecuniary interest, Section 16 of the Securities Exchange Act of 1934
3 terms
beneficially own financial
"The Reporting Person is deemed to beneficially own the shares held by the Trust"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of all securities held in excess of his pecuniary interest"
Section 16 of the Securities Exchange Act of 1934 regulatory
"for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Donald P. Monaco report for NTRP?
Donald P. Monaco exchanged unpaid wages for 17,886 shares of NextTrip common stock at $1.62 per share on July 31, 2026, through the Donald P. Monaco Insurance Trust, increasing that trust’s reported holdings to 2,100,182 shares of common stock.
Was Donald P. Monaco’s NTRP transaction made under a Rule 10b5-1 trading plan?
No. The report’s Rule 10b5-1 checkbox was not marked, and the footnotes describe a wage-for-stock exchange rather than a pre-arranged trading plan. The transaction reflects conversion of unpaid compensation into equity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
