TZOO - Insider Move: Christina Sindoni Ciocca Exercises Options Realizing $374K At Travelzoo | Benzinga
A large exercise of company stock options by Christina Sindoni Ciocca, General Counsel at Travelzoo (NASDAQ:TZOO) was disclosed in a new SEC filing on March 29, as part of an insider exercise.
What Happened: Ciocca, General Counsel at Travelzoo, exercised stock options for 50,000 shares of TZOO stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Friday. The exercise price of the options was $3.49 per share.
Travelzoo shares are trading up 3.58% at $10.98 at the time of this writing on Friday morning. Since the current price is $10.98, this makes Ciocca's 50,000 shares worth $374,500.
Get to Know Travelzoo Better
Travelzoo acts as a publisher of travel and entertainment offers. It operates in four segments. Travelzoo North America segment consists of operations in Canada and the U.S.; Travelzoo Europe segment consists of operations in France, Germany, Spain, and the U.K.; and Jack's Flight Club segment consists of subscription revenue from premium members to access and receive flight deals from Jack's Flight Club via email or via Android or Apple mobile applications; New Initiatives consists of Travelzoo's licensing activities in Asia Pacific territories. It derives its revenue through advertising fees including listing fees paid by travel, entertainment, and local businesses to advertise ...