JACOB BRUNSBERG - Corporate Board Profile

NextTrip, Inc.

Filing Date	Source Excerpt
2022-07-06	Jacob Brunsberg* II 35 Director 2022 2022 2025 Mr. Brunsberg was appointed as a director on April 1, 2022. Jacob Brunsberg was appointed Senior Vice-President of Product Management and Strategic Relationships on September 20, 2021, on February 16, 2022, he was named President and Chief Operating Officer, and on April 1, 2022, he was named President and Chief Executive Officer.
2023-12-01	Jacob Brunsberg 37 President, Chief Executive Officer and Director The following table sets forth information about Messrs. Duitch and Summers and each of the other current members of our Board of Directors: Jacob Brunsberg II 37 President, Chief Executive Officer and Director 2022 2025 The following table sets forth compensation for services rendered in all capacities to the Company: (i) for each person who served as the Company’s Chief Executive Officer at any time during the past fiscal year and (ii) for our two most highly compensated executive officers, other than our Chief Executive Officer, who were employed with the Company on December 31, 2022 (the foregoing executives are herein collectively referred to as the “named executive officers”). Summary Compensation Table Jacob Brunsberg – Chief Executive Officer and Director 2022 Salary ($) 250,000 Bonus ($) - Stock Awards ($) - Option Awards ($) 597,722 All Other Compensation ($) - Total ($) 847,722 On February 16, 2022, we granted Mr. Brunsberg an option to purchase up to 3,500 shares of our common stock under our 2013 Equity Incentive Plan in connection with his employment arrangement. The option has an exercise price of $50.00 and vests in equal monthly installments over three years. As of December 31, 2022, 978 shares were vested and exercisable. The option had a grant date fair value of $117,719. Also on February 16, 2022, we granted Mr. Brunsberg 1,500 SARs under our 2020 Stock Appreciation Rights Plan. The SARs have an exercise price of $50.00 and vests in equal monthly installments over three years. As of December 31, 2022, 420 SARs were fully vested and exercisable. The SARs had a grant date fair value of $50,451. On July 1, 2022, we granted Mr. Brunsberg an option to purchase up to 2,490 shares of common stock. The option has an exercise price of $50.00, and vests as follows: 25%, on the date of the grant, and the remaining 75% in equal monthly installments over the subsequent thirty-six months. As of December 31, 2022, 883 shares were vested and exercisable. The option had a grant date fair value of $46,367. Also on July 1, 2022, we granted Mr. Brunsberg an option to purchase up to 760 shares of common stock. The option has an exercise price of $50.00, and vests as follows: 25%, on the date of the grant, and the remaining 75% in equal monthly installments over the subsequent thirty-six months. As of December 31, 2022, 270 shares were vested and exercisable. The option had a grant date fair value of $14,152. Additionally, on July 1, 2022 we granted Mr. Brunsberg 9,747 SARs. The SARS have an exercise price of $50.00 and vests as follows: 25% on the date of the grant, and the remaining 75% in equal monthly installments over the subsequent thirty-six months. As of December 31, 2022, 3,453 SARs were vested and exercisable. The SARs had a grant date fair value of $181,503. Last, on July 1, 2022, we granted Mr. Brunsberg 9,098 SARs in connection with his employment retention agreement. The SARs have an exercise price of $26.00 and will vest and become exercisable on March 15, 2025 if Mr. Brunsberg remains an employee of the Company on that date. The SARs had a grant date fair value of $187,530.
2024-02-09	Jacob Brunsberg Includes 13,882 shares issuable upon the exercise of stock options.
2025-02-03	Jacob Brunsberg was appointed to our Board of Directors on April 1, 2022. He was appointed Senior Vice President of Product Management and Strategic Relationships on September 20, 2021, on February 16, 2022, he was named President and Chief Operating Officer, and on April 1, 2022, he was named President and Chief Executive Officer, of the Company. He resigned from his executive roles with the Company on December 29, 2023. The compensation of Mr. Brunsberg, who serves as a director and our former President and Chief Executive Officer, is described in the Summary Compensation Table of Executive Officers. In fiscal year 2024, we paid Mr. Brunsberg a retention bonus of $204,511 and severance of $62,500 in connection with his resignation from the Company pursuant to the terms of his Retention and Separation Agreement. In addition, Mr. Brunsberg is entitled to receive an award of 31,250 shares of Restricted Stock or Restricted Stock Units, or a stock option to purchase up to 31,250 shares of the Company’s common stock as determined by the 2023 Equity Incentive Plan Administrator. Such award has not been granted as of February 29, 2024. The fees shown were paid to Mr. Brunsberg for services as a director. On January 26, 2023, the Company granted Mr. Brunsberg an option to purchase up to 655 shares of the Company’s common stock in connection with his service as a director. The exercise price of the option is equal to $11.60 per share, is fully vested, and had a grant date fair value of $5,797. The total compensation for Mr. Brunsberg as a director was $30,797.
2025-03-10	Jacob Brunsberg was appointed to our Board of Directors on April 1, 2022. He resigned from his executive roles with the Company on December 29, 2023. The fees shown were paid to Mr. Brunsberg for services as a director. On January 26, 2023, the Company granted Mr. Brunsberg an option to purchase up to 655 shares of the Company’s common stock in connection with his service as a director. The exercise price of the option is equal to $11.60 per share, is fully vested, and had a grant date fair value of $5,797.