Lindblad CEO gets 14,220 RSUs; shares withheld

Lindblad Expeditions Holdings CEO Natalya Leahy reported routine equity compensation activity.

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Form Type

Rhea-AI Filing Summary

Lindblad Expeditions Holdings CEO Natalya Leahy reported routine equity compensation activity. She received 14,220 shares of common stock in the form of restricted stock units that vest one-third on March 31, 2027, 2028 and 2029, subject to continued service. To cover tax obligations, 24,491 shares were withheld and delivered, which is a non-market disposition rather than an open-market sale. After these transactions, she directly holds 263,494 shares of Lindblad common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Leahy Natalya

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	14,220	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	24,491	$0.00	$0.00

Holdings After Transaction: Common Stock — 263,494 shares (Direct)

Footnotes (1)

F1. Represents award of restricted stock units vesting one-third on March 31, 2027, 2028 and 2029, subject to continued service.

Key Figures

RSU award: 14,220 shares Tax-withholding shares: 24,491 shares Post-transaction holdings: 263,494 shares +1 more

4 metrics

RSU award 14,220 shares Restricted stock units granted to CEO on March 31, 2026

Tax-withholding shares 24,491 shares Shares delivered to cover tax liability on March 31, 2026

Post-transaction holdings 263,494 shares CEO direct ownership after reported transactions

Vesting schedule One-third each in 2027, 2028, 2029 RSUs vest March 31, 2027, 2028 and 2029

Key Terms

restricted stock units, tax-withholding disposition, continued service

3 terms

restricted stock units financial

"Represents award of restricted stock units vesting one-third on March 31, 2027, 2028 and 2029"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

continued service financial

"vesting one-third on March 31, 2027, 2028 and 2029, subject to continued service"

FAQ

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

What did Lindblad Expeditions (LIND) CEO Natalya Leahy report in this Form 4?

Natalya Leahy reported a routine equity compensation event. She received 14,220 restricted stock units and had 24,491 shares withheld to cover taxes, ending with direct ownership of 263,494 Lindblad Expeditions common shares.

How many Lindblad (LIND) shares did CEO Natalya Leahy receive as an award?

She received 14,220 shares of common stock via restricted stock units. These units vest in three equal installments on March 31, 2027, 2028 and 2029, provided she continues her service with Lindblad Expeditions.

Why were 24,491 Lindblad (LIND) shares disposed of in CEO Natalya Leahy’s Form 4?

The 24,491 shares were disposed of to satisfy tax liabilities related to equity awards. This is a tax-withholding disposition, not an open-market sale, and is a common administrative step when restricted stock units vest.

How many Lindblad Expeditions (LIND) shares does CEO Natalya Leahy own after these transactions?

Following the award and tax-withholding disposition, Natalya Leahy directly owns 263,494 shares of Lindblad Expeditions common stock. This figure reflects her updated direct holdings reported in the Form 4 filing.

When do CEO Natalya Leahy’s new Lindblad (LIND) restricted stock units vest?

The restricted stock units vest in three equal tranches. One-third vests on March 31, 2027, another third on March 31, 2028, and the final third on March 31, 2029, contingent on her continued service.

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

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Accepted by SEC EDGAR 04/01/2026 - 05:38 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^*

Leahy Natalya

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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)
Common Stock	03/31/2026		A⁽¹⁾		14,220	A	$0	291,934	D
Common Stock	03/31/2026		F		24,491	D	$0	263,494	D

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. Represents award of restricted stock units vesting one-third on March 31, 2027, 2028 and 2029, subject to continued service.

	/s/ John J. Wolfel, Attorney-in-Fact for Natalya Leahy	04/01/2026
	** 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