Craig Felenstein - Mar 29, 2022 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: Mar 29, 2022
Transactions value $: -$59,269
Form type: 4
Date filed: 3/31/2022, 05:08 PM
Previous filing: Jan 10, 2022
Next filing: Apr 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LIND	Common Stock	Options Exercise	$0	+4.5K	+2.78%	$0.00	166K	Mar 29, 2022	Direct
transaction	LIND	Common Stock	Award	$0	+4.08K	+2.46%	$0.00	170K	Mar 29, 2022	Direct	F1
transaction	LIND	Common Stock	Tax liability	-$47.2K	-3.1K	-1.82%	$15.24	167K	Mar 29, 2022	Direct
transaction	LIND	Common Stock	Tax liability	-$12.1K	-802	-0.48%	$15.07	166K	Mar 30, 2022	Direct

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	Mar 29, 2022	Common Stock	188K	$9.47	Direct	F1
holding	LIND	Restricted Stock Units						4.5K	Mar 29, 2022	Common Stock	4.5K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The options vest annually pro rata over a four-year period.
F2	Upon vesting, each restricted stock unit represents the right to receive one share of common stock or an equivalent amount of cash.
F3	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.