NTRP Form 4: Kircher trust now holds 47,501 common shares

Rhea-AI Filing Summary

NextTrip, Inc. (NTRP) director Stephen Kircher reported the conversion of preferred stock into common shares held indirectly through The Kircher Family Trust. On November 21, 2025, 34,223 shares of Series Q Nonvoting Convertible Preferred Stock were converted into 34,223 shares of common stock at a stated price of $0.0 per share, following stockholder approval obtained on November 19, 2025. After this transaction, the trust beneficially owned 47,501 shares of common stock. Mr. Kircher is trustee of the trust and is deemed to beneficially own the securities held by it, while disclaiming beneficial ownership of any shares beyond his pecuniary interest.

Insider Trade Summary

34,223 shares exercised/converted

Mixed 2 txns

Insider KIRCHER STEPHEN C

Role Director

Type	Security	Shares	Price	Value
Conversion	Series Q Nonvoting Convertible Preferred Stock	34,223	$0.00	--
Conversion	Common Stock	34,223	$0.00	--

Holdings After Transaction: Series Q Nonvoting Convertible Preferred Stock — 0 shares (Indirect, By The Kircher Family Trust); Common Stock — 47,501 shares (Indirect, By The Kircher Family Trust)

Footnotes (1)

1. 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 no expiration date. The shares were originally acquired by Mr. Kircher and subsequently transferred by Mr. Kircher to The Kircher Family Trust (the "Trust"). Mr. Kircher is the trustee of the trust. As such, Mr. Kircher is deemed to beneficially own the securities held by the Trust. Mr. Kircher disclaims beneficial ownership of all securities held by 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 purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KIRCHER STEPHEN C

(Last) (First) (Middle)

3900 PASEO DEL SOL

(Street)

SANTA FE NM 87507

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NextTrip, Inc. [ NTRP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/21/2025		C		34,223	A	$0.0(1)	47,501	I	By The Kircher Family Trust(2)(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series Q Nonvoting Convertible Preferred Stock	$0(1)	11/21/2025		C		34,223		(1)	(1)	Common Stock	34,223	$0(1)	0	I	By The Kircher Family Trust(2)(3)

Explanation of Responses:

1. 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 no expiration date.

2. The shares were originally acquired by Mr. Kircher and subsequently transferred by Mr. Kircher to The Kircher Family Trust (the "Trust"). Mr. Kircher is the trustee of the trust. As such, Mr. Kircher is deemed to beneficially own the securities held by the Trust.

3. Mr. Kircher disclaims beneficial ownership of all securities held by 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 purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

	/s/ Stephen Kircher	11/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did NextTrip, Inc. (NTRP) report in this Form 4?

The filing reports that director Stephen Kircher, through The Kircher Family Trust, converted 34,223 shares of Series Q Nonvoting Convertible Preferred Stock into 34,223 shares of common stock on November 21, 2025.

What type of securities were involved in the NTRP Form 4 filing?

The transaction involved Series Q Nonvoting Convertible Preferred Stock that was converted into common stock of NextTrip, Inc. at a stated price of $0.0 per share.

How many NextTrip (NTRP) common shares does the Kircher Family Trust hold after the transaction?

Following the reported conversion, The Kircher Family Trust beneficially owned 47,501 shares of NextTrip common stock as indicated in the Form 4.

When was stockholder approval obtained for the conversion of NTRP preferred shares?

Stockholder approval for the conversion of Series Q Nonvoting Convertible Preferred Stock into common stock was obtained on November 19, 2025, with the common shares issued on November 21, 2025.

What is Stephen Kircher’s relationship to NextTrip, Inc. (NTRP)?

Stephen Kircher is reported as a director of NextTrip, Inc. in the Form 4 filing and is the trustee of The Kircher Family Trust.

Does Stephen Kircher claim full beneficial ownership of all NTRP shares held by the trust?

No. The filing states that Mr. Kircher disclaims beneficial ownership of all securities held by The Kircher Family Trust in excess of his pecuniary interest, if any.