Holger Bartel - 02 Nov 2021 Form 4 Insider Report for TRAVELZOO (TZOO)

Role: Global Chief Executive Officer
Signature: /s/ Holger Bartel
Issuer symbol: TZOO
Transactions as of: 02 Nov 2021
Net transactions value: -$113,422
Form type: 4
Filing time: 04 Nov 2021, 16:59:12 UTC
Previous filing: 20 Sep 2021
Next filing: 09 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TZOO	Common Stock	Options Exercise	$235,578	+67,501	+3918%	$3.49	69,224	02 Nov 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TZOO	Stock Option (Right-to-Buy)	Options Exercise	$349,000	-100,000	-12%	$3.49	740,000	02 Nov 2021	Common Stock	100,000	$3.49	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person elected "net settlement" with respect to the tax withholding of the options.
F2	Non-qualified stock options granted pursuant to that certain Non-qualified Stock Option Agreement, dated September 5, 2019, as amended March 30, 2020. Such options vested in eight quarterly installments starting from March 31, 2020.