HOLGER BARTEL - 23 Aug 2021 Form 4 Insider Report for TRAVELZOO (TZOO)

Role: Global Chief Executive Officer
Signature: /s/ Holger Bartel
Issuer symbol: TZOO
Transactions as of: 23 Aug 2021
Net transactions value: +$62,914
Form type: 4
Filing time: 25 Aug 2021, 16:18:03 UTC
Previous filing: 16 Aug 2021
Next filing: 31 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TZOO	Common Stock	Options Exercise	$62,914	+18,027		$3.49	18,027	23 Aug 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TZOO	Stock Option (Right-to-Buy)	Options Exercise	$0	-50,000	-4.5%	$0.000000	1,050,000	23 Aug 2021	Common Stock	50,000	$3.49	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Number of shares acquired in a cashless exercise approved by Travelzoo's Board of Directors.
F2	Non-qualified stock options granted pursuant to that certain Non-qualified Stock Option Agreement, dated September 28, 2015, as amended March 30, 2020. Such options vested in eight quarterly installments starting from March 31, 2016.