[144] Lindblad Expeditions Holdings Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Lindblad Expeditions Holdings, Inc. (LIND) reporting a proposed sale of 20,877 common shares through Wells Fargo Clearing Services on 08/20/2025 with an aggregate market value of $292,119.18. The filing states the shares were acquired the same day via non-qualified stock options and payment is by wire. It also discloses that Benjamin Bressler sold 223,195 LIND shares in the past three months for total gross proceeds of $2,903,537.39 across four trades dated 07/23/2025–08/19/2025. The filing lists total shares outstanding as 54,789,150. Several administrative fields including filer CIK, contact details, and signature/date entries are blank in the provided content.

Insights

Securities Analyst

TL;DR: Routine insider sale disclosure; recent large insider disposals are material for monitoring but appear to be standard option-related transactions.

The Form 144 reports a proposed sale of 20,877 shares acquired via non-qualified stock options and executed by broker on 08/20/2025, with clear market value and outstanding share count stated. The filing also documents significant insider sales by Benjamin Bressler totaling 223,195 shares and $2.90M in proceeds over the prior three months. These disclosures provide liquidity and timing transparency but do not contain operational or financial performance data. Missing administrative details (CIK, contact, signature/date) reduce completeness of the record and should be confirmed in the official filing feed.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 mechanics; governance impact limited but consecutive insider sales warrant attention to insiders' selling patterns.

The notice documents compliance with Rule 144 for a sale tied to exercised non-qualified stock options and discloses recent insider dispositions by a named individual. From a governance perspective, timely public notice supports regulatory compliance and market transparency. However, the concentration of sales by a single insider within a short period could be relevant for investors evaluating insider alignment, even though the filing does not state any material undisclosed information. Absence of signature and some filer metadata in the provided extract should be resolved by referencing the complete filing.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Wells Fargo Clearing Services 1 N. Jefferson Ave. St. Louis MO 63103	20877	292119.18	54789150	08/20/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/20/2025	Non-Qualified Stock Options	Issuer			20877	08/20/2025	Wire

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Benjamin Bressler 96 MORTON STREET 9th Floor NEW YORK NY 10014	LIND Common Shares	07/23/2025	47325	614322.86
Benjamin Bressler 96 MORTON STREET 9th Floor New York NY 10014	LIND Common Shares	08/04/2025	7567	98471.23
Benjamin Bressler 96 MORTON STREET 9th Floor New York NY 10014	LIND Common Shares	08/05/2025	167494	2179456.66
Benjamin Bressler 96 MORTON STREET 9th Floor NEW YORK NY 10014	LIND Common Shares	08/19/2025	809	11286.64

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)