Holger Bartel - 14 Dec 2021 Form 4 Insider Report for TRAVELZOO (TZOO)

Role: Global Chief Executive Officer
Signature: /s/ Holger Bartel
Issuer symbol: TZOO
Transactions as of: 14 Dec 2021
Net transactions value: +$231,544
Form type: 4
Filing time: 15 Dec 2021, 17:01:32 UTC
Previous filing: 14 Dec 2021
Next filing: 21 Dec 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	$231,544	+66,345	+868%	$3.49	73,991	14 Dec 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	-100,000	-16%	$0.000000	540,000	14 Dec 2021	Common Stock	100,000	$3.49	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The Reporting Person elected "net settlement" with respect to the exercise price of the options.
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.