Lindblad director receives 3,240-share stock grant

Q: What did LINDBLAD EXPEDITIONS HOLDINGS (LIND) report in this Form 4 for Michael Elliott Bisnow?

Michael Elliott Bisnow reported a grant of 3,240 Restricted Stock shares on 2026-08-08. The award was made under a Long-Term Incentive Plan at $0.00 per share and represents a compensation-related equity grant, not an open-market purchase.

Q: When do the newly granted Restricted Stock shares for LIND vest?

The 3,240 Restricted Stock shares granted to Michael Elliott Bisnow vest one year from the date of grant. Vesting is subject to continued service, meaning he must remain in his role through that one-year period for the shares to fully vest.

Q: Does this LIND Form 4 indicate any stock sales or purchases by Michael Elliott Bisnow on the market?

The filing shows a grant of Restricted Stock coded as a compensation-related acquisition and no reported open-market purchases or sales. The other entries reflect reported holdings of Common Stock, not new buy or sell transactions.

BISNOW MICHAEL ELLIOTT reported acquisition or exercise transactions in this Form 4 filing.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

BISNOW MICHAEL ELLIOTT reported acquisition or exercise transactions in this Form 4 filing.

LINDBLAD EXPEDITIONS HOLDINGS, INC. director Michael Elliott Bisnow received a grant of 3,240 shares of Restricted Stock on 2026-08-08. The award was granted at $0.00 per share under a Long-Term Incentive Plan and vests one year from the grant date, subject to continued service. After this grant, he holds 29,112 Restricted Stock shares directly, plus indirect holdings of Common Stock through Umbrella Holdings and Peak Street entities.

Insider Trade Summary

Grant/Award: 3,240 shares

Grant/Award 3 txns

Insider BISNOW MICHAEL ELLIOTT

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock ^F1	3,240	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock — 29,112 shares (Direct); Common Stock — 14,228 shares (Indirect, indirectly held by Umbrella Holdings); Common Stock — 2,446 shares (Indirect, indirectly held by Peak Street)

Footnotes (1)

F1. Restricted stock granted under Long-Term Incentive Plan. The restricted stock vests one year from the date of grant, subject to continued service.

Key Figures

Restricted Stock granted: 3,240 shares Grant price per share: $0.00 per share Direct Restricted Stock holdings after grant: 29,112 shares +2 more

5 metrics

Restricted Stock granted 3,240 shares Grant to Michael Elliott Bisnow on 2026-08-08 under Long-Term Incentive Plan

Grant price per share $0.00 per share Restricted Stock grant coded as award acquisition, not market purchase

Direct Restricted Stock holdings after grant 29,112 shares Direct ownership position following 3,240-share award

Indirect Common Stock via Umbrella Holdings 14,228 shares Indirect ownership nature reported as held by Umbrella Holdings

Indirect Common Stock via Peak Street 2,446 shares Indirect ownership nature reported as held by Peak Street

Key Terms

Restricted Stock, Long-Term Incentive Plan, indirectly held

3 terms

Restricted Stock financial

"Restricted Stock granted under Long-Term Incentive Plan."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Long-Term Incentive Plan financial

"Restricted stock granted under Long-Term Incentive Plan."

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

indirectly held financial

"Common Stock indirectly held by Umbrella Holdings"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did LINDBLAD EXPEDITIONS HOLDINGS (LIND) report in this Form 4 for Michael Elliott Bisnow?

Michael Elliott Bisnow reported a grant of 3,240 Restricted Stock shares on 2026-08-08. The award was made under a Long-Term Incentive Plan at $0.00 per share and represents a compensation-related equity grant, not an open-market purchase.

When do the newly granted Restricted Stock shares for LIND vest?

The 3,240 Restricted Stock shares granted to Michael Elliott Bisnow vest one year from the date of grant. Vesting is subject to continued service, meaning he must remain in his role through that one-year period for the shares to fully vest.

How many LINDBLAD EXPEDITIONS (LIND) Restricted Stock shares does Michael Elliott Bisnow hold after this grant?

Following the 3,240-share Restricted Stock grant, Michael Elliott Bisnow directly holds 29,112 Restricted Stock shares. This figure reflects his post-transaction direct equity position in the company’s stock-based compensation program as reported in the filing.

What indirect holdings of LINDBLAD EXPEDITIONS (LIND) Common Stock are associated with Michael Elliott Bisnow?

In addition to direct Restricted Stock, there are indirect holdings of 14,228 Common Stock shares via Umbrella Holdings and 2,446 Common Stock shares via Peak Street. These positions are reported as indirect ownership interests linked to entities associated with him.

Does this LIND Form 4 indicate any stock sales or purchases by Michael Elliott Bisnow on the market?

The filing shows a grant of Restricted Stock coded as a compensation-related acquisition and no reported open-market purchases or sales. The other entries reflect reported holdings of Common Stock, not new buy or sell transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/11/2026 - 05:28 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BISNOW MICHAEL ELLIOTT

(Last)

(First)

(Middle)

C/O LINDBLAD EXPEDITIONS HOLDINGS, INC

11 W 42ND STREET, SUITE 22B3

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LINDBLAD EXPEDITIONS HOLDINGS, INC. [ LIND ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock	08/08/2026		A⁽¹⁾		3,240	A	$0	29,112	D
Common Stock								14,228	I	indirectly held by Umbrella Holdings
Common Stock								2,446	I	indirectly held by Peak Street

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Restricted stock granted under Long-Term Incentive Plan. The restricted stock vests one year from the date of grant, subject to continued service.

	/s/ John J. Wolfel, Attorney-in-Fact for Michael Elliott Bisnow	08/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR