Craig Felenstein - 28 Dec 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
Issuer symbol: LIND
Transactions as of: 28 Dec 2021
Net transactions value: -$95,026
Form type: 4
Filing time: 30 Dec 2021, 11:43:07 UTC
Previous filing: 23 Dec 2021
Next filing: 04 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LIND	Common Stock	Sale	$95,026	-5,430	-3%	$17.50	173,842	28 Dec 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)						188,000	28 Dec 2021	Common Stock	188,000	$9.47	Direct	F2
holding	LIND	Restricted Stock Units						4,503	28 Dec 2021	Common Stock	4,502		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 $17.50 to $17.51. 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.