COO Unloads $161K in NextTrip Shares Across Two Days
NTRP has more than doubled off its 52-week low of $0.9 on light trading volume (0.3× avg).
Summary
NextTrip COO John Patrick McMahon sold 80,000 shares for $161,060 in open-market transactions on October 8-9, 2026, reducing his direct holdings to 148,414 shares.
Key Events · Ownership and Investor Activity · NTRP
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COO Sells 80,000 Shares
John Patrick McMahon, COO of Travel Division, sold 80,000 shares for $161,060 in four open-market transactions on October 8-9, 2026, at prices ranging from $1.91 to $2.17.
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Post-Sale Holdings
Following the sales, McMahon directly holds 148,414 shares of NextTrip common stock.
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Insider Conviction Signal
The sale represents approximately 0.58% of the company's market cap and is the first open-market sale by a key insider in the last 90 days, contrasting with the prior accumulation signal from director Andrew Jay Kaplan's $100,000 purchase in September.
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Context: Recent Capital Raises
The sale follows a series of dilutive financing events, including a $4.6M convertible note in July, a $3.5M debt-to-preferred conversion in August, and an at-the-market offering agreement announced August 31.
Analysis · NTRP · Energy & Transportation
COO John Patrick McMahon sold 80,000 shares for $161,060 in four open-market transactions on October 8-9, 2026, at prices between $1.91 and $2.17. The sale represents roughly 0.58% of the company's market cap and comes just days after NextTrip reported strong JOURNY TV metrics and a 668% jump in Samsung ad revenue. While the company has been raising capital through convertible notes and an ATM program, an executive sale of this size adds a cautionary signal about insider conviction.
How filings like this one have moved
In the 30 days to Oct 13, 2026, 29.1% of the 1502 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NTRP was trading at $1.83 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $27.6M. The 52-week trading range was $0.90 to $5.20. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.