Travelzoo Stock Under Pressure as 10% Stakeholder Continues Share Selloff

Rhea-AI Filing Summary

Azzurro Capital Inc., a 10% stockholder of Travelzoo, has filed a Form 144 notice indicating its intention to sell 40,000 shares of common stock with an aggregate market value of $528,000 through E*Trade Securities. The proposed sale is scheduled for June 27, 2025, on NASDAQ.

The filing reveals significant recent selling activity by Azzurro Capital over the past 3 months, with multiple transactions totaling 156,500 shares sold between March 31, 2025, and June 25, 2025, generating total gross proceeds of approximately $2.47 million. The largest single transaction was 33,750 shares sold on May 2, 2025, for $479,925.

The securities were originally acquired on January 22, 2001, through a contribution of Silicon Channels Corporation shares in exchange for Travelzoo shares. Currently, Travelzoo has 11,095,078 shares outstanding. The filing includes a representation that the seller has no knowledge of undisclosed material adverse information regarding Travelzoo's operations.

Positive

• None.

Negative

• Major shareholder Azzurro Capital Inc. plans to sell 40,000 additional shares worth $528,000, following substantial recent selling activity
• Azzurro Capital has already sold 158,500 shares in the past 3 months totaling approximately $2.17M, indicating persistent selling pressure
• The combined recent and planned sales represent significant insider selling activity from a 10% stockholder

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001349132
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Travelzoo
SEC File Number	000-50171
Address of Issuer	590 Madison Avenue 35th Floor New York NEW YORK 10022
Phone	2124844900
Name of Person for Whose Account the Securities are To Be Sold	Azzurro Capital Inc.
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	10% Stockholder

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	E*Trade Securities LLC 200 Hudson Street Harborside 2, Suite 501 Jersey City NJ 07311	40000	528000	11095078	06/27/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	01/22/2001	Contribution of all outstanding shares of Silicon Channels Corporation in exchange for shares in Travelzoo	Travelzoo			40000	01/22/2001	Exchange

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	06/25/2025	11000	140910
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	06/20/2025	2500	31050
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	06/18/2025	10000	125900
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	06/16/2025	10000	126600
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	06/11/2025	25000	346000
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	06/02/2025	5000	63650
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	05/30/2025	22500	310725
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	05/29/2025	18500	248085
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	05/28/2025	2000	27080
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	05/15/2025	2000	27820
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	05/14/2025	2500	36425
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	05/13/2025	11250	163012.5
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	05/02/2025	33750	479925
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	05/01/2025	2500	36075
Azzurro Capital Inc. c/o Sovereign Management Limited PO Box 564 Sovereign Place Gibraltar J1 GX11 1AA	Common Stock	03/31/2025	25000	333750

144: Remarks and Signature

Remarks
Date of Notice	06/27/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Ralph Bartel, Authorized Signatory
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many TZOO shares is Azzurro Capital selling on June 27, 2025?

According to the Form 144 filing, Azzurro Capital Inc. plans to sell 40,000 shares of Travelzoo (TZOO) common stock through E*Trade Securities LLC, with an aggregate market value of $528,000.

How many TZOO shares has Azzurro Capital sold in the past 3 months before this Form 144?

In the three months prior to this Form 144 filing, Azzurro Capital Inc. sold a total of 183,500 shares of TZOO common stock between March 31, 2025 and June 25, 2025, generating total gross proceeds of approximately $2,497,007.50.

What is Azzurro Capital's relationship to TZOO?

According to the Form 144 filing, Azzurro Capital Inc. is listed as a 10% Stockholder of Travelzoo (TZOO).

What was the largest single TZOO stock sale by Azzurro Capital in the past 3 months?

The largest single sale by Azzurro Capital in the past 3 months was 33,750 shares on May 2, 2025, generating gross proceeds of $479,925.

How many total TZOO shares are outstanding according to the Form 144?

According to the Form 144 filing, Travelzoo (TZOO) has 11,095,078 shares outstanding.