TZOO Form 144 Filed for 100K Shares; Recent Azzurro Sales Listed
Rhea-AI Filing Summary
Travelzoo (TZOO) Form 144 notice: This filing notifies the proposed sale of 100,000 shares of common stock through ETrade Securities on NASDAQ with an aggregate market value of $970,000, representing a portion of the 10,980,939 shares outstanding. The shares were originally acquired on 01/22/2001 in an exchange for outstanding shares of Silicon Channels Corporation. The filer discloses numerous sales by Azzurro Capital Inc. in the past three months, listing transaction dates, quantities and gross proceeds, demonstrating recent liquidity events. The notice includes the required representation that no undisclosed material adverse information is known to the seller.
Positive
- Full disclosure of proposed sale: 100,000 shares, $970,000 aggregate value, broker and planned sale date provided
- Acquisition provenance included: shares were acquired on 01/22/2001 in an exchange for Silicon Channels Corporation stock
- Recent sales history disclosed: multiple transactions by Azzurro Capital Inc. with dates, amounts and gross proceeds listed
Negative
- None.
Insights
TL;DR: Routine Rule 144 sale notice showing a proposed sale of 100,000 shares and multiple recent dispositions by the same holder.
This Form 144 is a standard regulatory notice describing a proposed sale under Rule 144. The 100,000-share block
TL;DR: Compliance disclosure appears complete for Rule 144 purposes; seller certifies no undisclosed material adverse information.
The notice includes acquisition provenance (01/22/2001 exchange), payment nature (exchange) and broker information, aligning with Rule 144 disclosure elements. The seller attests to the absence of undisclosed material adverse information and references Rule 10b5-1 plan conditions. The filing does not contain any statements suggesting regulatory or litigation risk.