Craig Felenstein - Dec 15, 2021 Form 4 Insider Report for LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND)

Role: Chief Financial Officer
Signature: /s/ John J. Wolfel, Attorney-in-Fact for Craig Felenstein
Stock symbol: LIND
Transactions as of: Dec 15, 2021
Transactions value $: -$82,511
Form type: 4
Date filed: 12/17/2021, 04:34 PM
Previous filing: Dec 14, 2021
Next filing: Dec 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LIND	Common Stock	Sale	-$82.5K	-5K	-2.64%	$16.50	185K	Dec 15, 2021	Direct	F1

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
holding	LIND	Stock Options (Right to Buy)						188K	Dec 15, 2021	Common Stock	188K	$9.47	Direct	F2
holding	LIND	Restricted Stock Units						4.5K	Dec 15, 2021	Common Stock	4.5K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. The prices actually received ranged from $16.50 to $16.52. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
F2	The options vest annually pro rata over a four-year period.
F3	Upon vesting, each restricted stock unit represents the right to receive one share of common stock or an equivalent amount of cash.
F4	The restricted stock units vest in three annual installments beginning March 29, 2020, subject to the Reporting Person's continued employment or service with the Company or its subsidiaries on the applicable vesting date.