Form 4: NextTrip CEO Kerby Reports Share Transfers and Dividend
Insider Transaction Report
NextTrip, Inc. CEO William Kerby reported the transfer of 102,579 common shares and the receipt of a dividend of 9,934 shares.
Summary
- William Kerby, Chief Executive Officer, Director, and 10% Owner of NextTrip, Inc. (NTRP), reported changes in his beneficial ownership.
- On August 29, 2025, Kerby transferred 102,579 shares of common stock.
- Of these, 95,625 shares were transferred to NextTrip Group, LLC to satisfy obligations on behalf of Travel and Media Tech, LLC (TMT) under a Warrant Assignment Agreement.
- An additional 6,954 shares were transferred to NextTrip Group, LLC to satisfy its obligations for delivery to a third party.
- Following these transactions, Kerby directly beneficially owns 1,233,673 shares of common stock.
- Kerby also indirectly beneficially owns 11,386 shares through Travel and Media Tech, LLC, where he is a 48% member, disclaiming ownership beyond his pecuniary interest.
- The reported holdings include 9,934 shares issued to Kerby in June 2025 as a dividend on Series L Non-Voting Convertible Preferred Stock, which is exempt from Section 16 reporting under Rule 16a(9)(a).
Sentiment
Score: 5
Explanation: The filing is a compliance report detailing insider transactions, including share transfers to satisfy obligations and a dividend receipt. It does not provide operational or forward-looking information that would significantly alter the company's sentiment.
Positives
- William Kerby received 9,934 shares in June 2025 as a dividend on his Series L Non-Voting Convertible Preferred Stock holdings, increasing his overall beneficial ownership.
Negatives
- William Kerby's direct beneficial ownership of common stock decreased by 102,579 shares due to transfers made to satisfy various obligations.
Future Outlook
NA
Industry Context
This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive landscape for NextTrip, Inc.
Related Party Transactions
- William Kerby transferred 95,625 shares to NextTrip Group, LLC to satisfy obligations on behalf of Travel and Media Tech, LLC (TMT), where Kerby is a 48% member.
- Kerby transferred 6,954 shares to NextTrip Group, LLC to satisfy its obligations regarding delivery to a third party.
Stakeholder Impact
- Shareholders: The filing details changes in the beneficial ownership of a key executive, which is a routine disclosure for transparency.
- William Kerby: His direct holdings decreased due to transfers for obligations, but he also received a dividend in preferred stock.
Key Dates
| Date | Description |
|---|---|
| June 2025 | Issuance of 9,934 shares to William Kerby as a dividend on Series L Non-Voting Convertible Preferred Stock. |
| 08/29/2025 | Date of reported share transfers by William Kerby. |
| 09/02/2025 | Date the Form 4 was signed by William Kerby. |
Keywords
NextTrip, NTRP, William Kerby, Insider Transaction, Form 4, Beneficial Ownership, Share Transfer, CEO, Director, 10% Owner, Common Stock, Dividend
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