Form 4: NextTrip Director Converts Preferred Stock to Common

NextTrip Director Donald P. Monaco converted 745,032 shares of Series L Nonvoting Convertible Preferred Stock into common stock, increasing his beneficial ownership.

Summary

• Donald P. Monaco, a Director of NextTrip, Inc. (NTRP), converted 745,032 shares of Series L Nonvoting Convertible Preferred Stock into an equal number of Common Stock shares.
• The conversion occurred on November 21, 2025, following stockholder approval obtained on November 19, 2025.
• Following the transaction, Mr. Monaco's total beneficial ownership of Common Stock is 2,206,673 shares directly/indirectly via the Donald P. Monaco Insurance Trust, 1,733 shares indirectly via Monaco Investment Partners, LP, and 11,386 shares indirectly via Travel & Media LLC.
• The Series L Preferred Stock had no expiration date and converted at a 1:1 ratio.

Sentiment

Score: 7

Explanation: The conversion of preferred stock into common stock by a director, increasing their common equity stake, generally signals confidence in the company's long-term prospects. While not a direct purchase, it solidifies the insider's alignment with common shareholders.

Positives

• Director Donald P. Monaco increased his direct and indirect beneficial ownership of NextTrip, Inc. common stock by 745,032 shares through a conversion.
• The conversion of preferred stock into common stock by a director can signal confidence in the company's future performance and long-term alignment with common shareholders.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance, as it primarily reports an insider transaction.

Industry Context

This Form 4 filing reports a standard insider transaction, specifically the conversion of preferred stock to common stock by a director. Such conversions are common mechanisms for insiders to adjust their equity holdings and do not inherently reflect broader industry trends, though increased common stock ownership by a director can be viewed as a positive signal of confidence.

Corporate Governance

Related Party Transactions

• The reporting person, Donald P. Monaco, is the trustee of the Donald P. Monaco Insurance Trust, the managing general partner of Monaco Investment Partners, LP, and the managing general partner of Monaco Investment Partners II, LP, which is a 52% member of Travel & Media, LLC. These entities hold NextTrip, Inc. securities and are considered related parties through Mr. Monaco's control or influence.

Stakeholder Impact

• Shareholders: The conversion increases the common stock holdings of a director, potentially signaling increased alignment of interests and confidence in the company's future.

Key Dates

Keywords

NextTrip, NTRP, Form 4, Insider Transaction, Stock Conversion, Director Ownership, Beneficial Ownership, Preferred Stock, Common Stock