NextTrip (NTRP) director converts 659K preferred into common

NextTrip, Inc. (NTRP) reported an insider conversion of preferred stock into 659,316 shares of common stock on November 21, 2025.

Rhea-AI Filing Summary

NextTrip, Inc. (NTRP) reported an insider conversion of preferred stock into 659,316 shares of common stock on November 21, 2025. The reporting person, a director of the company, acquired these common shares at a stated price of $0.0 per share as part of a conversion transaction.

The conversion came from Series I and Series J Nonvoting Convertible Preferred Stock, which each converted into common shares on a one-for-one basis after stockholder approval on November 19, 2025. Following this transaction, the director beneficially owns 1,561,958 shares of NextTrip common stock held directly.

Insider Trade Summary

659,316 shares exercised/converted

Exercise 3 txns

Insider Jiang David T

Role Director

Type	Security	Shares	Price	Value
Conversion	Series I Nonvoting Convertible Preferred Stock	427,528	$0.00	$0.00
Conversion	Series J Nonvoting Convertible Preferred Stock	231,788	$0.00	$0.00
Conversion	Common Stock	659,316	$0.00	$0.00

Holdings After Transaction: Series I Nonvoting Convertible Preferred Stock — 0 contracts (Direct); Series J Nonvoting Convertible Preferred Stock — 0 contracts (Direct); Common Stock — 1,561,958 shares (Direct)

Footnotes (2)

1. F1. Each share of Series I Nonvoting Convertible Preferred Stock and Series J 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. F2. The shares have no expiration date.

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Accepted by SEC EDGAR 11/24/2025 - 09:29 PM EST Learn about SEC filing dates

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^*

Jiang David T

(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		659,316	A	$0.0(1)	1,561,958	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 I Nonvoting Convertible Preferred Stock	$0(1)	11/21/2025		C		427,528		(1)	(2)	Common Stock	427,528	$0(1)	0	D
Series J Nonvoting Convertible Preferred Stock	(1)	11/21/2025		C		231,788		(1)	(2)	Common Stock	231,788	$0(1)	0	D

Explanation of Responses:

1. Each share of Series I Nonvoting Convertible Preferred Stock and Series J 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/ David Jiang	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.