Form 4: NextTrip Director Kaplan Buys $100K in Stock & Warrants

NextTrip Director Andrew Jay Kaplan, through KC Global Media Asia LLC, acquired 33,400 shares of common stock and warrants to purchase 16,700 shares in a private transaction.

Summary

• Andrew Jay Kaplan, a Director of NextTrip, Inc. (NTRP), reported an acquisition of securities.
• On November 4, 2025, KC Global Media Asia LLC (KCGM), an entity where Mr. Kaplan serves as Chairman, purchased 33,400 shares of NextTrip common stock and warrants to purchase an additional 16,700 shares.
• The purchase price for the common stock was $3 per share, totaling $100,200 for the shares.
• The warrants have an exercise price of $3 per share, become exercisable on November 5, 2025, and expire on November 4, 2028.
• Following this transaction, KCGM beneficially owns 108,400 shares of common stock and 16,700 warrants.
• Mr. Kaplan also indirectly beneficially owns 5,000 shares of common stock through the Kaplan Wright Family Trust, where he is the trustee.

Sentiment

Score: 7

Explanation: The acquisition of common stock and warrants by a director, through an affiliated entity, represents a direct investment into the company. This insider buying, particularly as part of a private transaction that provides capital to the issuer, typically signals strong confidence in the company's future prospects from a key insider.

Positives

• A Director, Andrew Jay Kaplan, through an entity he chairs (KC Global Media Asia LLC), made a significant investment of $100,200 in NextTrip, Inc. common stock and warrants.
• This insider purchase could signal confidence in the company's future prospects from a key management figure.
• The private transaction involved the issuance of new shares and warrants, indicating a capital infusion for NextTrip, Inc.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the terms of the warrants.

Management Comments

• Mr. Kaplan disclaims beneficial ownership of all securities held by KCGM and the Kaplan Wright Family Trust (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.

Industry Context

This insider purchase by a director, particularly through a private transaction involving new share issuance, suggests a direct capital infusion into NextTrip, Inc. Such transactions can be viewed positively by the market as a sign of confidence from those with intimate knowledge of the company, potentially differentiating it from competitors who might be experiencing insider selling or lack of internal investment.

Related Party Transactions

• Andrew Jay Kaplan, a Director of NextTrip, Inc., is also the Chairman of KC Global Media Asia LLC (KCGM), which purchased the securities from the Issuer.
• Mr. Kaplan is also the trustee of the Kaplan Wright Family Trust, which holds additional shares.
• These relationships indicate that the transaction between NextTrip, Inc. and KCGM is a related party transaction.

Stakeholder Impact

• Shareholders: The capital raise could strengthen the company's financial position, potentially benefiting existing shareholders. Insider buying may also boost investor confidence.
• Company: Receives $100,200 in capital from the sale of common stock, which can be used for operations or strategic initiatives.

Key Dates

Recommendation

The significant insider purchase by a director, Andrew Jay Kaplan, through an affiliated entity, signals strong confidence in NextTrip, Inc.'s future. This transaction also represents a capital infusion for the company, which is a positive development. Such insider commitment often precedes positive operational or strategic developments, making it a compelling signal for potential investors.

Keywords

NextTrip Inc., NTRP, Andrew Jay Kaplan, Insider Trading, Form 4, Stock Purchase, Warrants, Director, KC Global Media Asia LLC, Capital Raise