The three-dimensional flow over a low-aspect-ratio (low- $A\!R$ ) trapezoidal plate is investigated experimentally with a focus on how the tip effects impact the structure and dynamics of the separation bubble. The chord-based Reynolds number is $5800$ , and the angle of attack varies from $4^\circ$ to $10^\circ$ . Once the flow separates, the separation bubble emerges and features a swallow-tailed structure that shrinks near the midspan, which is first found for the flows over low- $A\!R$ plates. This structure develops into the conventional single-tailed structure as the angle of attack increases. Moreover, the vortex shedding within the swallow-tailed separation bubble is restored from multiple asynchronously measured local velocity fields. It is revealed that the leading-edge vortex undergoes the novel transformation from a C-shape vortex into an M-shape vortex. This vortex transformation stems from the mass transport of the near-wall spanwise flow, which affects the fluid motion on the windward side of the C-shape vortex head, strengthening and accelerating the vortex head. The strengthened vortex head facilitates the entrainment of high-momentum fluid from the outer flow. This is responsible for the formation of the swallow-tailed structure. These findings help to fill the gaps left by the downwash at low angles of attack for low- $A\!R$ wings, and are of value in improving the cruising and gliding performance of micro-air vehicles.