NextTrip, Inc. · Conversion · Series Q Nonvoting Convertible Preferred Stock

What does this filing report?

An SEC Form 4 filing for NextTrip, Inc. records a conversion involving Series Q Nonvoting Convertible Preferred Stock on November 21, 2025. The reported quantity was 31,250. The filing date is November 24, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.

The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.

Derivative terms

Underlying security

Common Stock

Underlying quantity

31,250

Conversion / exercise price

0

Exercise date

Not reported

Expiration date

Not reported

Filing footnotes & remarks

F1

Each share of Series Q Nonvoting Convertible Preferred Stock was converted into one share of Common Stock upon receipt of stockholder approval, which approval was obtained on November 19, 2025, and the underlying Common Stock shares were issued on November 21, 2025. The shares have not expiration date.

F2

The shares are held by the Trust. Mr. Kaplan is the trustee of the Kaplan Wright Family Trust (the "Trust"). As such, Mr. Kaplan is deemed to beneficially own the securities held by the Trust.

F3

The securities are held by KC Global Media Asia LLC ("KCGM"). Mr. Kaplan serves as Chairman of KCGM and is deemed to beneficially own the securities held by KCGM.

F4

Mr. Kaplan disclaims beneficial ownership of all securities held by KCGM and 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.

Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.