NTRP insider purchase: 33,400 shares at $3, 16,700 warrants

Rhea-AI Filing Summary

NextTrip, Inc. (NTRP) director Andrew Jay Kaplan reported an insider purchase. On 11/04/2025, an affiliate he chairs, KC Global Media Asia LLC, acquired 33,400 shares of common stock at $3.00 per share and received warrants to purchase 16,700 shares with a $3.00 exercise price. The total purchase price was $100,200 for the stock and accompanying warrants.

The warrants are first exercisable on 11/05/2025 and expire on 11/04/2028, and were reported at a derivative price of $0.00. Following the transaction, 108,400 shares were beneficially owned indirectly via KC Global Media Asia LLC. Separately, 5,000 shares were reported as indirectly held by the Kaplan Wright Family Trust. Mr. Kaplan disclaims beneficial ownership beyond his pecuniary interest as noted in the filing.

Insider Trade Summary

Net Buyer: 33,400 shares ($100,200)

Net Buy 3 txns

Insider Kaplan Andrew Jay

Role Director

Bought 33,400 shs ($100K)

Type	Security	Shares	Price	Value
Other	Warrants to purchase common stock	16,700	$0.00	--
Purchase	Common stock	33,400	$3.00	$100K
holding	Common stock	--	--	--

Holdings After Transaction: Warrants to purchase common stock — 16,700 shares (Indirect, By KC Global Media Asia LLC); Common stock — 108,400 shares (Indirect, By KC Global Media Asia LLC)

Footnotes (1)

1. The Issuer and KC Global Media Asia, LLC ("KCGM") entered into a Securities Purchase Agreement on November 4, 2025 pursuant to which KCGM purchased from Issuer in a private transaction 33,400 shares of common stock and warrants to purchase 16,700 shares of common stock for a purchase price of $100,200. Mr. Kaplan disclaims beneficial ownership of all securities held by KCGM and the Kaplan Wright Family Trust (the "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. The securities are held by KCGM. Mr. Kaplan serves as Chairman of KCGM and is deemed to beneficially own the securities held by KCGM. The shares are held by 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.

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Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kaplan Andrew Jay

(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)
11/04/2025

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
Common stock	11/04/2025		P(1)		33,400	A	$3(1)	108,400	I	By KC Global Media Asia LLC(2)(3)
Common stock								5,000	I	By Kaplan Wright Family Trust(2)(4)

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
Warrants to purchase common stock	$3	11/04/2025		J(1)		16,700		11/05/2025	11/04/2028	Common Stock	16,700	$0.00	16,700	I	By KC Global Media Asia LLC(2)(3)

Explanation of Responses:

1. The Issuer and KC Global Media Asia, LLC ("KCGM") entered into a Securities Purchase Agreement on November 4, 2025 pursuant to which KCGM purchased from Issuer in a private transaction 33,400 shares of common stock and warrants to purchase 16,700 shares of common stock for a purchase price of $100,200.

2. Mr. Kaplan disclaims beneficial ownership of all securities held by KCGM and the Kaplan Wright Family Trust (the "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.

3. The securities are held by KCGM. Mr. Kaplan serves as Chairman of KCGM and is deemed to beneficially own the securities held by KCGM.

4. The shares are held by 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.

	/s/ Andrew Jay Kaplan	11/06/2025
	** 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 did NTRP director Andrew Jay Kaplan report buying?

An affiliate he chairs purchased 33,400 shares of NextTrip common stock at $3.00 per share and received warrants for 16,700 shares.

What was the total consideration for the transaction?

The filing states a total purchase price of $100,200 for the stock and accompanying warrants.

What are the warrant terms disclosed by NTRP?

Warrants for 16,700 shares with a $3.00 exercise price, first exercisable on 11/05/2025 and expiring on 11/04/2028.

How many shares does Kaplan report indirectly owning after the transaction?

The filing lists 108,400 shares indirectly via KC Global Media Asia LLC and 5,000 shares via the Kaplan Wright Family Trust.

Through which entities are the securities held?

Common stock and warrants are held by KC Global Media Asia LLC; additional shares are held by the Kaplan Wright Family Trust.

What was the transaction code on the Form 4?

Common stock purchase: P. Warrants: J (other), with derivative price reported as $0.00.