Form 4: NextTrip Director Transfers Shares to Fulfill Obligations

Donald P. Monaco, a Director and 10% owner of NextTrip, Inc., reported the transfer of 102,579 common shares to satisfy various obligations.

Summary

• Donald P. Monaco, a Director and 10% owner of NextTrip, Inc. (NTRP), reported a transaction on August 29, 2025.
• Monaco transferred a total of 102,579 shares of NextTrip Common Stock.
• 95,625 shares were transferred to NextTrip Group, LLC to satisfy obligations of Travel and Media Tech, LLC under a Warrant Assignment Agreement.
• An additional 6,954 shares were transferred to NextTrip Group, LLC to satisfy its obligations regarding delivery to a third party.
• Following these transactions, Monaco directly beneficially owns 1,304,290 shares, which includes 22,351 shares received as a dividend in June 2025.
• Monaco also indirectly beneficially owns shares through the Donald P. Monaco Insurance Trust (1,733 shares), Monaco Investment Partners, LP (11,386 shares), and Travel and Media Tech, LLC (1,733 shares).

Sentiment

Score: 5

Explanation: Neutral. The filing reports a share transfer to satisfy obligations, not a discretionary market sale. The insider also received a dividend, balancing the disposition.

Positives

• Donald P. Monaco received 22,351 shares in June 2025 as a dividend on Series L Non-Voting Convertible Preferred Stock, which is exempt from Section 16 reporting pursuant to Rule 16a(9)(a).

Negatives

• Donald P. Monaco disposed of 102,579 shares of common stock through transfers to satisfy obligations.

Future Outlook

NA

Industry Context

This filing is an insider transaction report and does not provide information relevant to broader industry trends or competitor analysis.

Related Party Transactions

• The transfer of 95,625 shares to NextTrip Group, LLC to satisfy obligations on behalf of Travel and Media Tech, LLC, an entity in which the reporting person has an indirect beneficial interest, pursuant to a Warrant Assignment Agreement.

Stakeholder Impact

• Shareholders: The transfer of shares by a significant insider could be viewed as a slight reduction in direct insider commitment, though it is for specific obligations rather than a market sale. The dividend receipt indicates continued value for preferred shareholders.

Key Dates

Recommendation

This Form 4 reports an insider's share transfer to fulfill existing obligations, not a discretionary market sale. While it reduces direct holdings, the insider also received a significant dividend. This transaction is largely administrative and does not fundamentally alter the investment thesis for NextTrip, Inc. A 'hold' recommendation is appropriate as there is no new information to warrant a change in position based solely on this filing.

Keywords

NextTrip, NTRP, Donald P. Monaco, Insider Transaction, Form 4, Share Transfer, Beneficial Ownership, Director, 10% Owner