NTRP insider updates holdings after 50,000-share Series Q conversion

Rhea-AI Filing Summary

NextTrip, Inc. (NTRP) director reports preferred-to-common share conversion. On November 21, 2025, a reporting person converted 50,000 shares of Series Q Nonvoting Convertible Preferred Stock into 50,000 shares of common stock after stockholder approval obtained on November 19, 2025. The conversion was reported at a stated price of $0.0 per share for both the derivative and the common stock. Following this transaction, the insider directly beneficially owns 150,000 shares of NextTrip common stock. The preferred shares had no expiration date, and after the conversion the insider reports holding no remaining Series Q preferred shares.

Insider Trade Summary

50,000 shares exercised/converted

Mixed 2 txns

Insider Byrd Jimmy Don

Role Director

Type	Security	Shares	Price	Value
Conversion	Series Q Nonvoting Convertible Preferred Stock	50,000	$0.00	--
Conversion	Common Stock	50,000	$0.00	--

Holdings After Transaction: Series Q Nonvoting Convertible Preferred Stock — 0 shares (Direct); Common Stock — 150,000 shares (Direct)

Footnotes (1)

1. Each share of Series Q Nonvoting Convertible Preferred Stock was converted into one share of Common Stock upon receipt of stockholder approval, which approval was obtained on November 19, 2025, and the underlying Common Stock shares were issued on November 21, 2025. The shares have no expiration date.

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^*

Byrd Jimmy Don

(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)
11/21/2025

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	11/21/2025		C		50,000	A	$0.0(1)	150,000	D

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
Series Q Nonvoting Convertible Preferred Stock	$0(1)	11/21/2025		C		50,000		(1)	(2)	Common Stock	50,000	$0(1)	0	D

Explanation of Responses:

1. Each share of Series Q Nonvoting Convertible Preferred Stock was converted into one share of Common Stock upon receipt of stockholder approval, which approval was obtained on November 19, 2025, and the underlying Common Stock shares were issued on November 21, 2025.

2. The shares have no expiration date.

	/s/ Jimmy Bird	11/24/2025
	** 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 transaction did NextTrip, Inc. (NTRP) disclose in this Form 4?

The filing reports that a director converted 50,000 shares of Series Q Nonvoting Convertible Preferred Stock into 50,000 shares of NextTrip common stock on November 21, 2025, following stockholder approval.

How many NextTrip (NTRP) common shares does the reporting person own after the transaction?

After the reported conversion, the insider directly beneficially owns 150,000 shares of NextTrip common stock.

What were the terms of the Series Q preferred stock conversion at NextTrip (NTRP)?

Each share of Series Q Nonvoting Convertible Preferred Stock converted into one share of common stock upon stockholder approval received on November 19, 2025, with the transaction reported at a stated price of $0.0 per share.

Does the reporting person still hold any Series Q Nonvoting Convertible Preferred Stock of NextTrip (NTRP)?

No. After converting 50,000 Series Q preferred shares into common stock, the filing shows 0 derivative securities (Series Q preferred) beneficially owned.

Who is the reporting person in this NextTrip (NTRP) Form 4 and what is their role?

The Form 4 is signed by /s/ Jimmy Bird, who is identified as a director of NextTrip, Inc.

Did the converted Series Q preferred shares of NextTrip (NTRP) have an expiration date?

No. The explanation states that the Series Q Nonvoting Convertible Preferred Stock has no expiration date.