AZZURRO CAPITAL INC - 22 Dec 2025 Form 4 Insider Report for TRAVELZOO (TZOO)

Role
10%+ Owner
Signature
Ralph Bartel, Authorized Signatory
Issuer symbol
TZOO
Transactions as of
22 Dec 2025
Net transactions value
-$578,300
Form type
4
Filing time
29 Dec 2025, 09:15:16 UTC
Previous filing
15 Dec 2025
SEC
View on sec.gov

Reporting Owners (3)

Name Relationship Address Signature Signature date CIK
AZZURRO CAPITAL INC 10%+ Owner C/O SOVEREIGN MANAGEMENT LIMITED, P.O. BOX 564 SOVEREIGN PLACE, GIBRALTAR, GIBRALTAR Ralph Bartel, Authorized Signatory 29 Dec 2025 0001349132
BARTEL RALPH 10%+ Owner CASELLA POSTALE 823, 6612 ASCONA, SWITZERLAND Ralph Bartel 29 Dec 2025 0001221280
Ralph Bartel 2005 Trust 10%+ Owner C/O FEDELTA TRUSTEES (IOM) LIMITED, 20 HILL STREET, 2ND FLOOR, DOUGLAS, DOUGLAS, ISLE OF MAN, ISLE OF MAN Ralph Bartel, Authorized Signatory. 29 Dec 2025 0001349156

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TZOO Common Stock Sale $159,300 -22,500 -0.6% $7.08 3,722,696 22 Dec 2025 Shares sold were directly owned by Azzurro Capital Inc. F1, F2, F3, F4
transaction TZOO Common Stock Sale $140,200 -20,000 -0.54% $7.01 3,702,696 23 Dec 2025 Shares sold were directly owned by Azzurro Capital Inc. F2, F3, F4, F5
transaction TZOO Common Stock Sale $278,800 -40,000 -1.1% $6.97 3,662,696 26 Dec 2025 Shares sold were directly owned by Azzurro Capital Inc. F2, F3, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sale prices for the shares sold ranged from $7.05 to $7.11 per share.
F2 The reporting person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each price.
F3 The "Amount of Securities Beneficially Owned Following Reported Transaction(s)" represents shares held by Azzurro Capital Inc.
F4 Indirect ownership applies to Ralph Bartel and the Ralph Bartel 2005 Trust.
F5 Sale prices for the shares sold ranged from $7.00 to $7.04 per share.
F6 Sale prices for the shares sold ranged from $6.91 to $7.04 per share.