4//SEC Filing
Monaco Donald P 4
Accession 0001641172-25-001393
CIK 0000788611other
Filed
Mar 27, 8:00 PM ET
Accepted
Mar 28, 8:09 PM ET
Size
8.9 KB
Accession
0001641172-25-001393
Insider Transaction Report
Form 4
NextTrip, Inc.NTRP
Monaco Donald P
Director
Transactions
- Award
Common Stock
2025-03-26+1,015,385→ 1,049,446 total(indirect: By Trust)
Holdings
- 1,733(indirect: By Monaco Investment Partners, LP)
Common Stock
- 11,386(indirect: By LLC)
Common Stock
Footnotes (6)
- [F1]Shares received by the Reporting Person upon achievement of certain milestones pursuant to that share exchange agreement entered into by and among the Issuer and various other parties on October 13, 2023 (as amended, the "Exchange Agreement"), pursuant to which all outstanding shares of NextTrip Holdings, Inc. were exchanged for shares of the Issuer's common stock (the "Exchange"). Additional shares of the Issuer may be issued to the Reporting Person in the future upon achievement of certain other milestones in accordance with the Exchange Agreement. No additional consideration was paid in connection with the Exchange, which closed on December 29, 2023.
- [F2]Includes 5,435 shares issued to the Reporting Person in March 2025 as a dividend on shares of Series L Nonvoting Convertible Preferred Stock of the Issuer held by the Reporting Person, which issuance was exempt from Section 16 pursuant to Rule 16a(9)(a).
- [F3]The shares are beneficially owned by the Donald P. Monaco Insurance Trust (the "Trust"). The Reporting Person is the trustee of the Trust. As such, the Reporting Person is deemed to beneficially own the shares held by the Trust.
- [F4]The Reporting Person disclaims beneficial ownership of all securities held by Monaco Investment Partners, LP ("MI Partners"), the Trust and Travel and Media Tech, LLC ("TMT") 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 Exchange Act or for any other purpose.
- [F5]The shares are beneficially owned by MI Partners. The Reporting Person is the managing general partner of MI Partners. As such, the Reporting Person is deemed to beneficially own the securities held by the MI Partners.
- [F6]The securities are beneficially owned by TMT. The Reporting Person is a 50% member of TMT. As such, the Reporting Person is deemed to beneficially own the shares held by TMT.
Documents
Issuer
NextTrip, Inc.
CIK 0000788611
Entity typeother
Related Parties
1- filerCIK 0001563607
Filing Metadata
- Form type
- 4
- Filed
- Mar 27, 8:00 PM ET
- Accepted
- Mar 28, 8:09 PM ET
- Size
- 8.9 KB