Andrew Jay Kaplan - 21 Nov 2025 Form 4 Insider Report for NextTrip, Inc. (NTRP)

Role: Director
Signature: /s/ Andrew Jay Kaplan
Issuer symbol: NTRP
Transactions as of: 21 Nov 2025
Transactions value $: $0
Form type: 4
Filing time: 24 Nov 2025, 21:29:36 UTC
Previous filing: 06 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Kaplan Andrew Jay	Director	3900 PASEO DEL SOL, SANTA FE	/s/ Andrew Jay Kaplan	24 Nov 2025	0002078356

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTRP	Common stock	Conversion of derivative security	$0	+31,250	+625%	$0	36,250	21 Nov 2025	By Kaplan Wright Family Trust	F1, F2, F3
holding	NTRP	Common stock						108,400	21 Nov 2025	By KC Global Media Asia LLC	F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NTRP	Series Q Nonvoting Convertible Preferred Stock	Conversion of derivative security	$0	+31,250		$0	0	21 Nov 2025	Common Stock	31,250	$0	By Kaplan Wright Family Trust	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 not expiration date.
F2	The shares are held by the Trust. Mr. Kaplan is the trustee of the Kaplan Wright Family Trust (the "Trust"). As such, Mr. Kaplan is deemed to beneficially own the securities held by the Trust.
F3	The securities are held by KC Global Media Asia LLC ("KCGM"). Mr. Kaplan serves as Chairman of KCGM and is deemed to beneficially own the securities held by KCGM.
F4	Mr. Kaplan disclaims beneficial ownership of all securities held by KCGM and 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.