Form 4: Azzurro Capital Sells 5,000 TRAVELZOO Shares

Azzurro Capital Inc., a 10% owner and director of TRAVELZOO, reported the sale of 5,000 shares of common stock at an average price of $7.53 per share under a Rule 10b5-1 plan.

Summary

• Azzurro Capital Inc., identified as a 10% owner and director of TRAVELZOO (TZOO), reported the sale of 5,000 shares of common stock.
• The transaction occurred on November 12, 2025, and was executed pursuant to a Rule 10b5-1 plan.
• The shares were sold at prices ranging from $7.50 to $7.55 per share, with an average sale price of $7.53.
• Following this transaction, Azzurro Capital Inc. beneficially owns 3,777,696 shares of TRAVELZOO common stock.
• The shares sold were directly owned by Azzurro Capital Inc., while Ralph Bartel and the Ralph Bartel 2005 Trust hold indirect beneficial ownership.

Sentiment

Score: 5

Explanation: The transaction represents a pre-planned sale under a Rule 10b5-1 plan, which mitigates the typical negative sentiment associated with insider selling, suggesting the decision was made without reliance on material non-public information.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

• Azzurro Capital Inc., a 10% owner and director of TRAVELZOO, sold 5,000 shares of the company's common stock. Ralph Bartel and the Ralph Bartel 2005 Trust are also identified as indirectly beneficially owning shares.

Stakeholder Impact

• Shareholders may interpret the pre-planned insider sale as a routine portfolio management activity rather than a signal of changing company prospects, given the Rule 10b5-1 designation.

Key Dates

Recommendation

The reported sale of 5,000 shares by Azzurro Capital Inc. was executed under a Rule 10b5-1 plan, indicating a pre-scheduled transaction rather than a discretionary sale based on recent developments. Given the relatively small volume compared to total holdings and the pre-planned nature, this transaction does not provide a strong directional signal for the stock. Investors are advised to maintain their current position and consider broader company fundamentals and market trends.

Keywords

TRAVELZOO, TZOO, insider trading, Form 4, stock sale, Azzurro Capital, Ralph Bartel, beneficial ownership, Rule 10b5-1