BENJAMIN BRESSLER - 14 Jan 2026 Form 4 Insider Report for LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND)

Role
*Founder & CEO of NHA
Signature
/s/ John J. Wolfel, Attorney-in-Fact for Benjamin Bressler
Issuer symbol
LIND
Transactions as of
14 Jan 2026
Net transactions value
-$1,734,304
Form type
4
Filing time
16 Jan 2026, 16:35:01 UTC
Previous filing
12 Jan 2026
Next filing
30 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BRESSLER BENJAMIN *Founder & CEO of NHA 833 WEST SOUTH BOULDER ROAD, BLDG G, LOUISVILLE /s/ John J. Wolfel, Attorney-in-Fact for Benjamin Bressler 16 Jan 2026 0001674110

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LIND Common Stock Options Exercise $0 +94,259 +402% $0.000000 117,725 14 Jan 2026 Direct
transaction LIND Common Stock Sale $1,609,944 -94,259 -80% $17.08 23,466 14 Jan 2026 Direct F1
transaction LIND Common Stock Options Exercise $0 +7,311 +31% $0.000000 30,777 15 Jan 2026 Direct
transaction LIND Common Stock Sale $124,360 -7,311 -24% $17.01 23,466 15 Jan 2026 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LIND Stock Option (right to buy) Options Exercise $0 -94,259 -21% $0.000000 350,516 14 Jan 2026 Common Stock 94,259 $8.44 Direct F2
transaction LIND Stock Option (right to buy) Options Exercise $0 -7,311 -2.1% $0.000000 343,205 15 Jan 2026 Stock Option (right to buy) 7,311 $8.44 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $17.00 to $17.19, inclusive. The Reporting Person undertakes to provide Lindblad Expeditions Holdings, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F2 Stock option granted under the 2021 Long Term Incentive Plan pursuant to his employment agreement.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $17.00 to $17.02, inclusive. The Reporting Person undertakes to provide Lindblad Expeditions Holdings, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.