Kaplan Andrew Jay 4

What Happened Andrew Jay Kaplan, a director of NextTrip, purchased 18,182 shares on May 8, 2026 at $2.75 per share (reported value $50,001) in a private transaction. The filing also reports an acquisition of 9,091 derivative securities (warrants) at $0.00 (reported as a derivative acquisition). A footnote states KC Global Media Asia, LLC (KCGM) purchased the 18,182 shares and warrants to buy 9,091 shares from the issuer in a private deal for a stated total purchase price of $50,000.

Key Details

• Transaction date: May 8, 2026. Form 4 filed May 11, 2026 (timely — within the two-business-day window).
• Shares purchased: 18,182 at $2.75 each = $50,001 (per table); warrants to purchase 9,091 shares reported as a derivative acquisition (code J).
• Shares held after the transaction: not specified in the provided filing details.
• Footnotes of note:
  • F1: The shares and warrants were sold in a private transaction to KCGM for a stated total price of $50,000.
  • F2–F4: Mr. Kaplan disclaims beneficial ownership of securities held by KCGM and the Kaplan Wright Family Trust beyond any pecuniary interest, but he is chairman of KCGM and trustee of the Trust and is therefore deemed to beneficially own the securities held by those entities for reporting purposes.

Context The derivative entry reflects warrants (the right to buy shares later), not a cash sale or immediate exercise. The purchase was made through/for entities (KCGM and the Trust) associated with Mr. Kaplan, so reported ownership and beneficial ownership have legal nuances (disclaimer vs. deemed ownership). Insider purchases can be of interest to retail investors, but filings are factual records of transactions and do not state the insider’s motive.