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TZOO insider filing: 5,000-share sale; 3,777,696 shares remain

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Travelzoo (TZOO) insider activity: Reporting persons linked to Ralph Bartel disclosed the sale of 5,000 shares of Travelzoo common stock on 11/12/2025. The Form 4 lists a weighted-average sale price of $7.53, with sale prices ranging from $7.50 to $7.55, and notes an undertaking to provide detailed price-by-share information upon request.

Following the transaction, 3,777,696 shares were beneficially owned indirectly, held by Azzurro Capital Inc. The filing identifies the reporting person as a Director and 10% Owner. The shares sold were directly owned by Azzurro Capital Inc., with indirect ownership applying to Ralph Bartel and the Ralph Bartel 2005 Trust.

Positive

  • None.

Negative

  • None.
Insider AZZURRO CAPITAL INC, BARTEL RALPH, Ralph Bartel 2005 Trust
Role 10% Owner | 10% Owner | 10% Owner
Sold 5,000 shs ($38K)
Type Security Shares Price Value
Sale Common Stock 5,000 $7.53 $38K
Holdings After Transaction: Common Stock — 3,777,696 shares (Indirect, Shares sold were directly owned by Azzurro Capital Inc.)
Footnotes (1)
  1. Sale prices for the shares sold ranged from $7.50 to $7.55 per share. 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. The "Amount of Securities Beneficially Owned Following Reported Transaction(s)" represents shares held by Azzurro Capital Inc. Indirect ownership applies to Ralph Bartel and the Ralph Bartel 2005 Trust.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
AZZURRO CAPITAL INC
(Last) (First) (Middle)
C/O SOVEREIGN MANAGEMENT LIMITED
P.O. BOX 564 SOVEREIGN PLACE
(Street)
GIBRALTAR J1 GX11 1AA
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TRAVELZOO [ TZOO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/12/2025 S 5,000 D $7.53(1)(2) 3,777,696(3) I(4) Shares sold were directly owned by Azzurro Capital Inc.
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
AZZURRO CAPITAL INC
(Last) (First) (Middle)
C/O SOVEREIGN MANAGEMENT LIMITED
P.O. BOX 564 SOVEREIGN PLACE
(Street)
GIBRALTAR J1 GX11 1AA
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
BARTEL RALPH
(Last) (First) (Middle)
CASELLA POSTALE 823
(Street)
6612 ASCONA V8 6612
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Ralph Bartel 2005 Trust
(Last) (First) (Middle)
C/O FEDELTA TRUSTEES (IOM) LIMITED
20 HILL STREET, 2ND FLOOR, DOUGLAS
(Street)
DOUGLAS, ISLE OF MAN Y8 IM1 1EU
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Sale prices for the shares sold ranged from $7.50 to $7.55 per share.
2. 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.
3. The "Amount of Securities Beneficially Owned Following Reported Transaction(s)" represents shares held by Azzurro Capital Inc.
4. Indirect ownership applies to Ralph Bartel and the Ralph Bartel 2005 Trust.
Remarks:
Ralph Bartel, Authorized Signatory 11/13/2025
Ralph Bartel 11/13/2025
Ralph Bartel, Authorized Signatory. 11/13/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Travelzoo (TZOO) insiders report on Form 4?

A sale of 5,000 shares of Travelzoo common stock on 11/12/2025.

What was the sale price range disclosed for TZOO shares?

The filing reports sale prices ranging from $7.50 to $7.55 per share, with a weighted-average of $7.53.

How many TZOO shares were beneficially owned after the transaction?

The filing lists 3,777,696 shares beneficially owned following the transaction.

Who holds the shares after the transaction?

Shares are held indirectly via Azzurro Capital Inc. Indirect ownership applies to Ralph Bartel and the Ralph Bartel 2005 Trust.

What is the relationship of the reporting person to Travelzoo?

Identified as a Director and 10% Owner.

Who directly owned the shares that were sold?

The filing states the shares sold were directly owned by Azzurro Capital Inc.