TRAVELZOO SEC Filings

Travelzoo insiders reported sales totaling 10,000 common shares across two transactions on 08/27/2025 and 08/28/2025, at prices ranging about $9.86–$9.92 per share. The shares sold were held by Azzurro Capital Inc., which continues to beneficially own approximately 3,902,696 shares after the reported sales. The filing shows the beneficial ownership is held indirectly by Ralph Bartel and the Ralph Bartel 2005 Trust through Azzurro Capital Inc., and no derivative transactions were reported. The filing provides price ranges and notes the reporter will supply per-price sale counts on request.

Insider sales reported for Travelzoo (TZOO). Azzurro Capital Inc. reported sales of common stock on 08/21/2025 and 08/22/2025 totaling 55,000 shares. The first transaction on 08/21/2025 shows 32,500 shares sold at reported prices around $9.50–$9.69, leaving 3,935,196 shares beneficially owned by Azzurro. The second transaction on 08/22/2025 shows 22,500 shares sold at reported prices around $9.98–$10.08, leaving 3,912,696 shares beneficially owned. The filings identify Ralph Bartel and the Ralph Bartel 2005 Trust as indirect holders through Azzurro Capital Inc. The form includes an undertaking to provide detailed per-price breakdowns upon request.

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.

Travelzoo (TZOO) insiders disclosed open-market sales on August 12-13, 2025. Azzurro Capital Inc. sold 20,000 shares on 08/12/2025 at prices ranging $10.11–$10.58 and sold 3,700 shares on 08/13/2025 at $10.43–$10.58. After these transactions Azzurro Capital Inc. is reported to beneficially own 3,967,696 shares. The filings show that Ralph Bartel and the Ralph Bartel 2005 Trust hold indirect ownership through Azzurro Capital Inc. The reporting person offers to provide detail on the number of shares sold at each price on request.

Travelzoo reported mixed second-quarter 2025 results with revenue growth driven by commerce and subscription gains but lower profitability and a weaker balance sheet. Revenue rose to $23.9 million from $21.1 million a year earlier, led by higher Getaways voucher sales and a substantial increase in membership fees. Cost of revenues and higher member-acquisition spending drove gross margin and operating income lower: operating income fell to $2.06 million from $4.01 million, and net income attributable to Travelzoo declined to $1.40 million from $2.93 million. Cash and equivalents decreased to $10.4 million from $17.1 million at year-end, and the company reported negative total stockholders' equity of $(2.08) million versus $4.35 million previously. Deferred revenue increased to $8.5 million and merchant payables were $12.4 million. The report discloses concentrated ownership (Azzurro ~36.7%) and ongoing share repurchases and related-party consulting fees.

Ocho Investments LLC and its sole manager, Andris Upitis, report beneficial ownership of 879,894 shares of Travelzoo common stock, representing 7.9% of the class. The filing states that Upitis/Ocho have sole voting and sole dispositive power over the reported shares. The statement includes a certification that the securities were not acquired to change or influence control of the issuer. Ocho is identified as a Delaware limited liability company and Upitis as a U.S. citizen; the securities class is common stock.

Travelzoo (TZOO) Form 4: 10% owner Azzurro Capital Inc. reported two open-market sales of common stock.

• 30 Jul 2025: sold 30,000 shares at an average price of $10.19 (range $10.10-$10.31). Beneficial ownership after the trade: 4,015,196 shares.
• 31 Jul 2025: sold 17,500 shares at an average price of $10.27 (range $10.20-$10.32). Beneficial ownership after the trade: 3,997,696 shares.

The total disposition of 47,500 shares represents roughly 1.2 % of Azzurro Capital’s prior position and was executed by indirect owner Ralph Bartel / Ralph Bartel 2005 Trust. No derivative transactions were reported. The filing does not disclose any accompanying corporate events or changes in guidance.