Form 4: NextTrip Director Monaco Receives Shares Upon Milestone Achievement

Donald P. Monaco, a director and 10% owner of NextTrip, Inc., acquired 335,072 shares of common stock following the achievement of a milestone related to the NextTrip Holdings, Inc. exchange.

Summary

• On May 5, 2025, Donald P. Monaco, a director and 10% owner of NextTrip, Inc., acquired 335,072 shares of common stock.
• These shares were received upon achievement of a final milestone related to the share exchange agreement from October 13, 2023, where NextTrip Holdings, Inc. shares were exchanged for NextTrip, Inc. common stock.
• The exchange closed on December 29, 2023, and no additional consideration was paid for the shares.
• Monaco also indirectly owns shares through the Donald P. Monaco Insurance Trust (1,384,518 shares), Monaco Investment Partners, LP (1,733 shares), and Travel and Media Tech, LLC (11,386 shares).
• Monaco disclaims beneficial ownership of securities held by Monaco Investment Partners, LP, the Trust, and Travel and Media Tech, LLC in excess of his pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a standard transaction related to a previously agreed-upon milestone. The insider's increased ownership could be seen as a positive signal, but it's primarily a procedural event.

Positives

• The achievement of the milestone suggests progress in the integration or performance of NextTrip Holdings, Inc. following the share exchange.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The increased shareholding of a director could be viewed positively by shareholders, signaling confidence in the company's future.

Key Dates

Keywords

NextTrip, Donald P. Monaco, share acquisition, beneficial ownership, Form 4, milestone, share exchange agreement, NextTrip Holdings