According to recent filings covering the 90 days ending January 22, 2026, the three most significant insider holders at Travelzoo are TenPercentOwner Ralph Bartel (15.32Mn shares), TenPercentOwner Capital Inc Azzurro (11.33Mn shares), TenPercentOwner Bartel 2005 Trust Ralph (4.73Mn shares).
| Holder | Position | Shares | Report Date |
|---|---|---|---|
| Ralph Bartel | 15,323,732 | 30 Jun, 2023 | |
| Capital Inc Azzurro | 11,326,554 | 04 Jan, 2023 | |
| Bartel 2005 Trust Ralph | 4,725,982 | 17 Dec, 2021 | |
| Christina Sindoni Ciocca | General Counsel | 41,513 | 01 Jul, 2025 |
* Please note that the shares above only reflect shares from the fund portfolio and the institutional portfolio. Shares from the personal portfolio are excluded from this Institutional Ownership Page. See these insiders' latest transactions here on Insider Page.
| Transaction Date | Insider Name | Security Class | Transaction Type | Shares Traded | Price | Shares Remaining | Ownership | Code |
|---|---|---|---|---|---|---|---|---|
| 26 Dec, 2025 | Capital Inc Azzurro | Common Stock | D | 40,000 | $6.97 | 3,662,696 | I | S |
| 23 Dec, 2025 | Capital Inc Azzurro | Common Stock | D | 20,000 | $7.01 | 3,702,696 | I | S |
| 22 Dec, 2025 | Capital Inc Azzurro | Common Stock | D | 22,500 | $7.08 | 3,722,696 | I | S |
| 15 Dec, 2025 | Capital Inc Azzurro | Common Stock | D | 15,000 | $7.56 | 3,745,196 | I | S |
| 11 Dec, 2025 | Capital Inc Azzurro | Common Stock | D | 5,000 | $7.09 | 3,760,196 | I | S |
| 01 Dec, 2025 | Capital Inc Azzurro | Common Stock | D | 7,500 | $7.00 | 3,765,196 | I | S |
| 26 Nov, 2025 | Capital Inc Azzurro | Common Stock | D | 5,000 | $7.01 | 3,772,696 | I | S |
| 12 Nov, 2025 | Capital Inc Azzurro | Common Stock | D | 5,000 | $7.53 | 3,777,696 | I | S |
| 04 Nov, 2025 | Capital Inc Azzurro | Common Stock | D | 10,000 | $7.75 | 3,782,696 | I | S |
| 26 Sep, 2025 | Capital Inc Azzurro | Common Stock | D | 25,000 | $10.06 | 3,792,696 | I | S |
| 24 Sep, 2025 | Capital Inc Azzurro | Common Stock | D | 20,000 | $10.51 | 3,817,696 | I | S |
| 23 Sep, 2025 | Capital Inc Azzurro | Common Stock | D | 7,500 | $10.48 | 3,837,696 | I | S |
| 15 Sep, 2025 | Capital Inc Azzurro | Common Stock | D | 20,000 | $9.53 | 3,845,196 | I | S |
| 11 Sep, 2025 | Capital Inc Azzurro | Common Stock | D | 15,000 | $9.58 | 3,865,196 | I | S |
| 08 Sep, 2025 | Capital Inc Azzurro | Common Stock | D | 10,000 | $9.85 | 3,880,196 | I | S |
| 02 Sep, 2025 | Capital Inc Azzurro | Common Stock | D | 5,000 | $9.95 | 3,890,196 | I | S |
| 29 Aug, 2025 | Capital Inc Azzurro | Common Stock | D | 7,500 | $9.94 | 3,895,196 | I | S |
| 28 Aug, 2025 | Capital Inc Azzurro | Common Stock | D | 7,500 | $9.89 | 3,902,696 | I | S |
| 27 Aug, 2025 | Capital Inc Azzurro | Common Stock | D | 2,500 | $9.91 | 3,910,196 | I | S |
| 22 Aug, 2025 | Capital Inc Azzurro | Common Stock | D | 22,500 | $10.04 | 3,912,696 | I | S |