Form 4: Azzurro Capital Sells TRAVELZOO Shares

Azzurro Capital Inc., a 10% owner and director of TRAVELZOO, reported the sale of 5,000 shares of common stock.

Summary

• Azzurro Capital Inc., a 10% owner and director of TRAVELZOO (TZOO), sold 5,000 shares of common stock.
• The transaction occurred on November 26, 2025, at a price of $7.01 per share.
• Following this transaction, Azzurro Capital Inc. beneficially owns 3,772,696 shares of TRAVELZOO common stock.
• The sale was indicated to be made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Ralph Bartel and the Ralph Bartel 2005 Trust hold indirect beneficial ownership of these securities.

Sentiment

Score: 5

Explanation: The sale of 5,000 shares by a 10% owner is a relatively small transaction, and the indication that it was made pursuant to a Rule 10b5-1(c) plan suggests it was a pre-scheduled event rather than a reactive decision, thus having a neutral impact on sentiment.

Negatives

• A reduction in insider ownership, even if pre-planned, can sometimes be perceived as a negative signal by some investors.

Related Party Transactions

• Azzurro Capital Inc., a 10% owner and director of TRAVELZOO, sold 5,000 shares of common stock to the open market.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, which could be viewed neutrally given the potential pre-planned nature of the sale.

Key Dates

Keywords

TRAVELZOO, TZOO, Azzurro Capital, Ralph Bartel, Insider Sale, Form 4, Beneficial Ownership, Stock Transaction, Rule 10b5-1