TRAVELZOO 10-Q

Item 2: Unregistered Sales of Equity Securities and Use of Proceeds Repurchases of Equity Securities We repurchased 400,000 shares of our common stock during the three months ended March 31, 2024. Period Total Number of Shares Purchased Average Price paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Shares that May Yet be Purchased Under the Program February 1, 2024–February 28, 2024 19,198 $ 9.78 19,198 380,802 March 1, 2024–March 31, 2024 380,802 $ 9.67 380,802 — 400,000 400,000 On October 24, 2023, the Company announced that its Board of Directors authorized the repurchase of up to 1,000,000 shares of the Company’s outstanding common stock. The Company subsequently repurchased 600,000 shares of common stock for an aggregate purchase price of $5.0 million, excluding excise tax due under the Inflation Reduction Act of 2022, with such shares retired and recorded as a reduction of additional paid-in capital in 2023. During the three months ended March 31, 2024, the Company repurchased 400,000 shares of common stock for an aggregate purchase price of $3.9 million, excluding excise tax due under the Inflation Reduction Act of 2022, with such shares retired and recorded as a reduction of additional paid-in capital until extinguished with the remaining amount reflected as a reduction of retained earnings. On April 29, 2024, the Company announced that its Board of Directors approved a stock repurchase program authorizing the repurchase of up to 1,000,000 shares of the Company’s outstanding common stock. Purchases may be made, from time to time, in the open market and will be funded from available cash. The number of shares to be purchased and the timing of purchases will be based on the level of Travelzoo’s cash balances, general business and market conditions, and other factors, including alternative investment opportunities. Item 3: Defaults Upon Senior Securities None. Item 4: Mine Safety Disclosures None.