[Form 4] TRAVELZOO Insider Trading Activity

Travelzoo Global Chief Executive Officer Holger Bartel reported a series of open-market share purchases of the company’s common stock.

Rhea-AI Filing Summary

Travelzoo Global Chief Executive Officer Holger Bartel reported a series of open-market share purchases of the company’s common stock. He bought 60,000 shares on February 20, 2026 at $5.1800 per share, 100,000 shares on February 23, 2026 at $5.4900 per share, and 40,000 shares on February 24, 2026 at $5.4300 per share.

All transactions were direct purchases, and after these trades he directly owned 200,000 Travelzoo common shares. Overall, the Form 4 shows net buying activity totaling 200,000 shares across three transactions.

Insider Trade Summary

Net Buyer: 200,000 shares

Net Buy 3 txns

Insider BARTEL HOLGER

Role Global Chief Executive Officer

Bought 200,000 shs ($1.08M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	40,000	$5.43	$217K
Purchase	Common Stock	100,000	$5.49	$549K
Purchase	Common Stock	60,000	$5.18	$311K

Holdings After Transaction: Common Stock — 200,000 shares (Direct)

Footnotes (4)

1. F1. Sales prices for the shares sold ranged from $4.85 to $5.40 per share.
2. F2. 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. F3. Sales prices for the shares sold ranged from $5.39 to $5.60 per share.
4. F4. Sales prices for the shares sold ranged from $5.38 to $5.53 per share.

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Accepted by SEC EDGAR 02/24/2026 - 04:44 PM Learn about SEC filing dates

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^*

BARTEL HOLGER

(Last) (First) (Middle)

C/O TRAVELZOO

590 MADISON AVE 35TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TRAVELZOO [ TZOO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Global Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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	02/20/2026		P		60,000	A	$5.18(1)(2)	60,000	D
Common Stock	02/23/2026		P		100,000	A	$5.49(2)(3)	160,000	D
Common Stock	02/24/2026		P		40,000	A	$5.43(2)(4)	200,000	D

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

Explanation of Responses:

1. Sales prices for the shares sold ranged from $4.85 to $5.40 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. Sales prices for the shares sold ranged from $5.39 to $5.60 per share.

4. Sales prices for the shares sold ranged from $5.38 to $5.53 per share.

Remarks:

	/s/ Holger Bartel	02/24/2026
	** 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.