STOCK TITAN

[Form 4] Lindblad Expeditions Holdings Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Michael Elliott Bisnow, a director of Lindblad Expeditions Holdings, Inc. (LIND), acquired 8,899 restricted shares on 08/08/2025 at a reported price of $12.36 per share, increasing his direct beneficial ownership to 70,514 shares. The transaction is recorded as an acquisition under the company plan.

The award is described as restricted stock granted under the companys Long-Term Incentive Plan and vests one year from the grant date, subject to continued service. The grant represents routine director compensation aimed at aligning long-term interests with shareholders.

Michael Elliott Bisnow, membro del consiglio di Lindblad Expeditions Holdings, Inc. (LIND), ha acquisito 8,899 restricted shares il 08/08/2025 al prezzo dichiarato di $12.36 per azione, portando la sua proprietà beneficiaria diretta a 70,514 shares. L'operazione è registrata come acquisizione nell'ambito del piano aziendale.

Il premio è descritto come azioni vincolate concesse nell'ambito del Long-Term Incentive Plan della società e matura un anno dalla data di assegnazione, subordinatamente alla continuazione del servizio. La concessione rappresenta una compensazione ordinaria per i membri del consiglio finalizzata ad allineare gli interessi a lungo termine con quelli degli azionisti.

Michael Elliott Bisnow, miembro del consejo de Lindblad Expeditions Holdings, Inc. (LIND), adquirió 8,899 restricted shares el 08/08/2025 a un precio informado de $12.36 por acción, incrementando su propiedad beneficiaria directa a 70,514 shares. La transacción se registra como una adquisición en el marco del plan de la compañía.

La adjudicación se describe como acciones restringidas otorgadas en virtud del Long-Term Incentive Plan de la compañía y vence un año después de la fecha de concesión, sujeto a la continuidad del servicio. La concesión constituye una compensación rutinaria para los directores destinada a alinear los intereses a largo plazo con los de los accionistas.

Michael Elliott Bisnow, Lindblad Expeditions Holdings, Inc. (LIND)의 이사로서 8,899 restricted shares08/08/2025에 주당 보고된 가격 $12.36로 취득하여 그의 직접적 실소유 지분을 70,514 shares로 늘렸습니다. 이 거래는 회사 플랜에 따른 취득으로 기록되어 있습니다.

해당 수여는 회사의 Long-Term Incentive Plan에 따라 부여된 제한부 주식으로 설명되며, 수여일로부터 1년 후에 귀속됩니다, 계속 근무 조건이 적용됩니다. 본 수여는 이사에 대한 통상적 보상으로, 장기적 이해관계를 주주들과 일치시키기 위한 것입니다.

Michael Elliott Bisnow, administrateur de Lindblad Expeditions Holdings, Inc. (LIND), a acquis 8,899 restricted shares le 08/08/2025 au prix déclaré de $12.36 par action, portant sa détention bénéficiaire directe à 70,514 shares. La transaction est enregistrée comme une acquisition dans le cadre du plan de la société.

La récompense est décrite comme des actions restreintes attribuées en vertu du Long-Term Incentive Plan de la société et devient définitive un an après la date d'octroi, sous réserve de la poursuite du service. Cette attribution constitue une rémunération courante des administrateurs visant à aligner les intérêts à long terme avec ceux des actionnaires.

Michael Elliott Bisnow, Direktor von Lindblad Expeditions Holdings, Inc. (LIND), erwarb am 08/08/2025 8,899 restricted shares zu einem berichteten Preis von $12.36 je Aktie und erhöhte damit sein direktes wirtschaftliches Eigentum auf 70,514 shares. Die Transaktion wird als Erwerb im Rahmen des Unternehmensplans verbucht.

Die Zuweisung wird als Restricted Stock beschrieben, die im Rahmen des Long-Term Incentive Plan des Unternehmens gewährt wurde, und verfällt ein Jahr nach dem Gewährungsdatum nicht (wörtlich: wird ein Jahr nach dem Gewährungsdatum unverfallbar), vorbehaltlich fortgesetzter Dienstzeit. Die Zuteilung stellt eine übliche Vergütung für Direktoren dar, die darauf abzielt, langfristige Interessen mit denen der Aktionäre in Einklang zu bringen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine director equity grant aligning executive and shareholder interests; not materially dilutive.

The Form 4 shows a standard restricted stock grant to a board member under the Lindblad LTIP. The director acquired 8,899 restricted shares, bringing direct holdings to 70,514 shares. Vesting occurs one year after grant, conditional on continued service, which is typical for retention and alignment. This disclosure is standard for governance transparency and does not indicate departure, extraordinary compensation, or a change in control.

TL;DR: Compensation award appears routine and service-based; timing and size consistent with standard director equity grants.

The grant recorded at a price of $12.36 per share for 8,899 restricted shares fits common LTIP practice to incentivize continued service. One-year vesting is short-term for retention but still ties value to share performance. Without additional context on annual director pay or total outstanding shares, the grants absolute and relative impact on shareholders cannot be judged as material from this filing alone.

Michael Elliott Bisnow, membro del consiglio di Lindblad Expeditions Holdings, Inc. (LIND), ha acquisito 8,899 restricted shares il 08/08/2025 al prezzo dichiarato di $12.36 per azione, portando la sua proprietà beneficiaria diretta a 70,514 shares. L'operazione è registrata come acquisizione nell'ambito del piano aziendale.

Il premio è descritto come azioni vincolate concesse nell'ambito del Long-Term Incentive Plan della società e matura un anno dalla data di assegnazione, subordinatamente alla continuazione del servizio. La concessione rappresenta una compensazione ordinaria per i membri del consiglio finalizzata ad allineare gli interessi a lungo termine con quelli degli azionisti.

Michael Elliott Bisnow, miembro del consejo de Lindblad Expeditions Holdings, Inc. (LIND), adquirió 8,899 restricted shares el 08/08/2025 a un precio informado de $12.36 por acción, incrementando su propiedad beneficiaria directa a 70,514 shares. La transacción se registra como una adquisición en el marco del plan de la compañía.

La adjudicación se describe como acciones restringidas otorgadas en virtud del Long-Term Incentive Plan de la compañía y vence un año después de la fecha de concesión, sujeto a la continuidad del servicio. La concesión constituye una compensación rutinaria para los directores destinada a alinear los intereses a largo plazo con los de los accionistas.

Michael Elliott Bisnow, Lindblad Expeditions Holdings, Inc. (LIND)의 이사로서 8,899 restricted shares08/08/2025에 주당 보고된 가격 $12.36로 취득하여 그의 직접적 실소유 지분을 70,514 shares로 늘렸습니다. 이 거래는 회사 플랜에 따른 취득으로 기록되어 있습니다.

해당 수여는 회사의 Long-Term Incentive Plan에 따라 부여된 제한부 주식으로 설명되며, 수여일로부터 1년 후에 귀속됩니다, 계속 근무 조건이 적용됩니다. 본 수여는 이사에 대한 통상적 보상으로, 장기적 이해관계를 주주들과 일치시키기 위한 것입니다.

Michael Elliott Bisnow, administrateur de Lindblad Expeditions Holdings, Inc. (LIND), a acquis 8,899 restricted shares le 08/08/2025 au prix déclaré de $12.36 par action, portant sa détention bénéficiaire directe à 70,514 shares. La transaction est enregistrée comme une acquisition dans le cadre du plan de la société.

La récompense est décrite comme des actions restreintes attribuées en vertu du Long-Term Incentive Plan de la société et devient définitive un an après la date d'octroi, sous réserve de la poursuite du service. Cette attribution constitue une rémunération courante des administrateurs visant à aligner les intérêts à long terme avec ceux des actionnaires.

Michael Elliott Bisnow, Direktor von Lindblad Expeditions Holdings, Inc. (LIND), erwarb am 08/08/2025 8,899 restricted shares zu einem berichteten Preis von $12.36 je Aktie und erhöhte damit sein direktes wirtschaftliches Eigentum auf 70,514 shares. Die Transaktion wird als Erwerb im Rahmen des Unternehmensplans verbucht.

Die Zuweisung wird als Restricted Stock beschrieben, die im Rahmen des Long-Term Incentive Plan des Unternehmens gewährt wurde, und verfällt ein Jahr nach dem Gewährungsdatum nicht (wörtlich: wird ein Jahr nach dem Gewährungsdatum unverfallbar), vorbehaltlich fortgesetzter Dienstzeit. Die Zuteilung stellt eine übliche Vergütung für Direktoren dar, die darauf abzielt, langfristige Interessen mit denen der Aktionäre in Einklang zu bringen.

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 HOLDING, INC.
96 MORTON STREET, 9TH FLOOR

(Street)
NEW YORK NY 10014

(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Restricted Stock 08/08/2025 A(1) 8,899 A $12.36 70,514 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
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/ Michael Elliott Bisnow by John Wolfel, Attorney-in-Fact 08/12/2025
** 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.

FAQ

What transaction was reported for Lindblad Expeditions (LIND)?

The Form 4 reports the acquisition of 8,899 restricted shares by director Michael Elliott Bisnow on 08/08/2025.

How many shares does Michael Bisnow beneficially own after this transaction?

Following the reported transaction, he beneficially owns 70,514 shares directly.

Under what plan were the restricted shares granted?

The restricted shares were granted under the companys Long-Term Incentive Plan (LTIP).

When do the restricted shares vest?

The restricted stock vests one year from the date of grant, subject to continued service.

What price is shown on the Form 4 for the grant?

The filing records a price of $12.36 per share associated with the reported transaction.
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