Lindblad (LIND) Rule 144 Notice: 809-Share Proposed Sale; Recent Insider Sales

Rhea-AI Filing Summary

Insider Rule 144 notice for Lindblad Expeditions Holdings, Inc. (LIND) reports a proposed sale of 809 common shares through Wells Fargo with an aggregate market value of $11,286.64, and lists recent open-market sales by the same person. The securities to be sold were acquired on 08/19/2025 via non-qualified stock options and paid by wire the same day. The filing also discloses three prior sales by Benjamin Bressler totaling 222,386 shares on 07/23/2025, 08/04/2025, and 08/05/2025, which generated combined gross proceeds of $2,892,250.75. The notice includes the seller's attestation that no undisclosed material adverse information is known.

Positive

• Compliance disclosure: The filer submitted a Rule 144 notice documenting the proposed sale and the seller's attestation.
• Source of shares disclosed: The 809 shares are identified as acquired via non-qualified stock options with payment by wire on the acquisition date.

Negative

• Material insider selling: The same person sold 222,386 shares in the past three months, generating $2,892,250.75 in gross proceeds.
• Potential upward supply pressure: Recent sizable disposals by an insider could increase share supply in the market.

Insights

Securities Analyst

TL;DR: Significant insider sales disclosed; proposed small Rule 144 sale follows large recent disposals.

The filing shows a proposed Rule 144 sale of 809 shares by an insider who previously sold 222,386 shares in the past two weeks for roughly $2.89 million. The 809-share sale originates from non-qualified stock options exercised and paid by wire on 08/19/2025. From an investor-impact standpoint, the recent substantial dispositions by the same person are material to shareholder supply and may be viewed as signaling liquidity needs or portfolio rebalancing; however, the Form 144 itself is a compliance filing and does not disclose motivations or confidential company information.

Corporate Governance Expert

TL;DR: Filing documents compliance with Rule 144 and includes standard attestation by the seller.

The notice documents the mechanics of the proposed sale and affirms the seller's representation that no undisclosed material adverse information exists. It also records that the 809 shares stem from non-qualified stock options exercised the same day, with payment by wire. The disclosure is procedurally complete for Rule 144 purposes and useful for monitoring insider activity, but it provides no new corporate governance events beyond the sales themselves.

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	809	11286.64	54789150	08/19/2025	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	08/19/2025	Non-Qualified Stock Options	Issuer			809	08/19/2025	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

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)

FAQ

What shares does the Form 144 for LIND cover?

The Form 144 covers a proposed sale of 809 common shares of Lindblad Expeditions (LIND) through Wells Fargo, with an aggregate market value of $11,286.64.

How were the 809 shares acquired?

The 809 shares were acquired on 08/19/2025 via non-qualified stock options and payment was made by wire the same day.

Has the filer sold other LIND shares recently?

Yes. Benjamin Bressler sold 47,325 shares on 07/23/2025, 7,567 shares on 08/04/2025, and 167,494 shares on 08/05/2025, totaling 222,386 shares.

What were the gross proceeds from recent insider sales?

Combined gross proceeds were $2,892,250.75 from the three prior sales disclosed in the filing.

Does the filing state any undisclosed material information about LIND?

No. The seller attests they do not know any material adverse information not publicly disclosed.