Travelzoo

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Option Grant to Holger Bartel, Global Chief Executive Officer On February 19, 2026, Travelzoo (the “Company”) entered into a Nonqualified Stock Option Agreement (the “HB Option Agreement”) with Holger Bartel, Global Chief Executive Officer, pursuant to which the Company granted Mr. Bartel the option to purchase 600,000 shares of the Company’s common stock (such option being hereinafter referred to as the “HB Option”). The Compensation Committee of the Board of Directors of the Company (the “Committee) engaged an independent compensation consultant to advise on the terms of the HB Option. The HB Option Agreement and the HB Option were subject to approval by the stockholders of the Company. The Committee, which is comprised solely of independent directors, unanimously approved the HB Option and the HB Option Agreement after confirming with an independent compensation consultant that both are in line with historical practices of the Company and market practice. On April 20, 2026, the stockholders of the Company approved the HB Option Agreement and the HB Option. The exercise price of the HB Option is $5.05 per share. The HB Option will vest semi-annually over two years in equal installments of 25%, with first vesting on June 30, 2026. The HB Option cannot be exercised after the expiration of the term of the HB Option, which is five (5) years from the date of grant. The information set forth above relating to the HB Option Agreement between the Company and Mr. Bartel is qualified in its entirety by reference to the full text of the agreement, which was attached as an appendix to the Company’s Schedule 14A, filed with the Securities and Exchange Commission (SEC) on March 11, 2026, and which is incorporated by reference herein.

Item 5.07 Submission of Matters to a Vote of Security Holders. At the 2026 Annual Meeting of Stockholders of Travelzoo held on April 20, 2026 via webcast, at www.virtualshareholdermeeting.com/TZOO2026, the following actions were taken. Travelzoo's stockholders elected Ralph Bartel, Christina Sindoni Ciocca, Volodymyr Cherevko, Michael Karg and Sharry Sun to serve on the Board of Directors until the next annual meeting of stockholders. The voting results are: Votes For Votes Against Votes Withheld ────────────────────────────────────────────────────────────────────────────────── Ralph Bartel 6,112,249 282,942 2,638 Christina Sindoni Ciocca 6,190,512 204,332 2,985 Volodymyr Cherevko 5,996,040 397,893 3,896 Michael Karg 6,171,042 223,449 3,338 Sharry Sun 6,312,744 82,512 2,573 Mr. Cherevko, Mr. Karg and Ms. Sun will serve as independent directors in accordance with the listing standards of the NASDAQ Stock Market. The proposal regarding the stock option grant to the Global Chief Executive Officer was approved. The voting results are: Votes For Votes Against Abstain ───────────────────────────────────────────── 4,478,737 1,908,524 10,568 The proposal regarding the stock option grant to the General Manager, U.S. was approved. The voting results are: Votes For Votes Against Abstain ───────────────────────────────────────────── 5,029,255 1,357,456 11,118 The proposal regarding the stock option grant to the Head of Engineering was approved. The voting results are: Votes For Votes Against Abstain ───────────────────────────────────────────── 5,029,906 1,357,379 10,544 The stockholders approved, on an advisory basis, Travelzoo’s executive compensation. The voting results are: Votes For Votes Against Abstain ───────────────────────────────────────────── 6,216,201 170,683 10,945