Travelzoo's three largest insider shareholders as of September 29, 2026 are Ralph Bartel (Director, 9.80Mn shares), Ralph Bartel (Director, 9.51Mn shares), Bartel 2005 Trust Ralph (TenPercentOwner, 9.51Mn shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Bartel 2005 Trust Ralph | TenPercentOwner | 0 | 9,513,464 | 9,513,464 | 45.7% | 17 Dec, 2021 |
| 2 | Ralph Bartel | TenPercentOwner | 7,417,129 | 0 | 7,417,129 | 35.6% | 30 Jun, 2023 |
| 3 | Capital Inc Azzurro | TenPercentOwner | 0 | 3,662,696 | 3,662,696 | 17.6% | 29 Dec, 2025 |
| 4 | Holger Bartel | Global Chief Executive Officer | 200,000 | 0 | 200,000 | 1.0% | 24 Feb, 2026 |
| 5 | Christina Sindoni Ciocca | General Counsel | 41,513 | 0 | 41,513 | 0.2% | 01 Jul, 2025 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 20 Feb, 2026 | Holger Bartel | Global Chief Executive Officer | Acquired P | 60,000 | $5.18 | $310.80K | 60,000 | Direct |
| 23 Feb, 2026 | Holger Bartel | Global Chief Executive Officer | Acquired P | 100,000 | $5.49 | $549.00K | 160,000 | Direct |
| 24 Feb, 2026 | Holger Bartel | Global Chief Executive Officer | Acquired P | 40,000 | $5.43 | $217.20K | 200,000 | Direct |
| 22 Dec, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 22,500 | $7.08 | $159.30K | 3,722,696 | Indirect |
| 23 Dec, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 20,000 | $7.01 | $140.20K | 3,702,696 | Indirect |
| 26 Dec, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 40,000 | $6.97 | $278.80K | 3,662,696 | Indirect |
| 11 Dec, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 5,000 | $7.09 | $35.45K | 3,760,196 | Indirect |
| 15 Dec, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 15,000 | $7.56 | $113.40K | 3,745,196 | Indirect |
| 01 Dec, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 7,500 | $7.00 | $52.50K | 3,765,196 | Indirect |
| 26 Nov, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 5,000 | $7.01 | $35.05K | 3,772,696 | Indirect |
| 12 Nov, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 5,000 | $7.53 | $37.65K | 3,777,696 | Indirect |
| 04 Nov, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 10,000 | $7.75 | $77.50K | 3,782,696 | Indirect |
| 26 Sep, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 25,000 | $10.06 | $251.50K | 3,792,696 | Indirect |
| 23 Sep, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 7,500 | $10.48 | $78.60K | 3,837,696 | Indirect |
| 24 Sep, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 20,000 | $10.51 | $210.20K | 3,817,696 | Indirect |
| 15 Sep, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 20,000 | $9.53 | $190.60K | 3,845,196 | Indirect |
| 11 Sep, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 15,000 | $9.58 | $143.70K | 3,865,196 | Indirect |
| 08 Sep, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 10,000 | $9.85 | $98.50K | 3,880,196 | Indirect |
| 29 Aug, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 7,500 | $9.94 | $74.55K | 3,895,196 | Indirect |
| 02 Sep, 2025 | Capital Inc Azzurro | TenPercentOwner | Disposed S | 5,000 | $9.95 | $49.75K | 3,890,196 | Indirect |