WILLIAM KERBY - 21 Nov 2025 Form 4 Insider Report for NextTrip, Inc. (NTRP)

Role: Director
Signature: /s/ William Kerby
Issuer symbol: NTRP
Transactions as of: 21 Nov 2025
Net transactions value: $0
Form type: 4
Filing time: 24 Nov 2025, 21:29:39 UTC
Previous filing: 02 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
KERBY WILLIAM	Director	3900 PASEO DEL SOL, SANTA FE	/s/ William Kerby	24 Nov 2025	0001447019

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTRP	Common Stock	Conversion of derivative security	$0	+331,124	+26%	$0.000000	1,586,117	21 Nov 2025	Direct	F1, F2
holding	NTRP	Common Stock						11,386	21 Nov 2025	Travel & Media LLC	F3

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 L Nonvoting Convertible Preferred Stock	Conversion of derivative security	$0	+331,124		$0.000000	0	21 Nov 2025	Common Stock	331,124	$0.000000	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each share of Series L 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.
F2	Includes shares of Common Stock that were acquired through quarterly dividend distributions.
F3	The shares are beneficially owned by Travel and Media LLC ("TMT"). The Reporting Person is a 48% member of TMT. As such, the Reporting Person is deemed to beneficially own the shares held by TMT. The Reporting Person disclaims beneficial ownership of all securities held by TMT in excess of his pecuniary interest, if any, and this report shall not be deemed to be an admission that he is a beneficial owner of, or has a 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.