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Lindblad Expeditions director sells 230,197 shares

The director's six reported sales were made automatically under a Rule 10b5-1 plan adopted on June 17, 2026.

(Neutral)

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Form Type
4

Rhea-AI Filing Summary

Lindblad Expeditions Holdings, Inc. director and 10% owner Sven-Olof Lindblad sold 230,197 shares of common stock in six reported transactions from October 27 through October 29, 2026. The reported weighted-average prices ranged from $35.16 to $37.19 per share. The sales occurred automatically under a Rule 10b5-1 trading plan adopted on June 17, 2026.

Insider Lindblad Sven-Olof
Role Director, 10% Owner
Sold 230,197 shs ($8.25M)
Type Security Shares Price Value
Sale Common Stock F1, F6 50,834 $36.87 $1.87M
Sale Common Stock F1, F7 16,038 $37.19 $596K
Sale Common Stock F1, F4 57,100 $35.16 $2.01M
Sale Common Stock F1, F5 11,300 $35.77 $404K
Sale Common Stock F1, F2 83,725 $35.46 $2.97M
Sale Common Stock F1, F3 11,200 $35.97 $403K
Holdings After Transaction: Common Stock — 9,937,202 shares (Direct)
Footnotes (7)
  1. F1. The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 17, 2026.
  2. F2. Sales were made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $34.89 to $35.89. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
  3. F3. Sales were made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $35.90 to $36.10. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
  4. F4. Sales were made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $34.58 to $35.57. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
  5. F5. Sales were made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $35.62 to $35.86. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
  6. F6. Sales were made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $36.08 to $37.08. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
  7. F7. Sales were made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $37.09 to $37.35. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
Shares sold 230,197 shares Six reported transactions from October 27 through October 29, 2026
Shares sold and weighted-average price 83,725 shares at $35.46 per share October 27, 2026
Shares sold and weighted-average price 11,200 shares at $35.97 per share October 27, 2026
Shares sold and weighted-average price 57,100 shares at $35.16 per share October 28, 2026
Shares sold and weighted-average price 11,300 shares at $35.77 per share October 28, 2026
Shares sold and weighted-average price 50,834 shares at $36.87 per share October 29, 2026
Shares sold and weighted-average price 16,038 shares at $37.19 per share October 29, 2026
Rule 10b5-1 trading plan regulatory
"automatically pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

FAQ

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

How many shares did LIND director Sven-Olof Lindblad sell?

Sven-Olof Lindblad reported selling 230,197 shares across six transactions dated October 27, October 28, and October 29, 2026. The reported weighted-average prices ranged from $35.16 to $37.19 per share, and the sales occurred automatically under a Rule 10b5-1 plan adopted on June 17, 2026.

What prices were reported for Sven-Olof Lindblad's LIND stock sales?

On October 27, 2026, the reported weighted-average prices were $35.46 for 83,725 shares and $35.97 for 11,200 shares; actual prices ranged from $34.89 to $35.89 and $35.90 to $36.10, respectively. On October 28, they were $35.16 for 57,100 shares and $35.77 for 11,300 shares, with actual ranges of $34.58 to $35.57 and $35.62 to $35.86. On October 29, they were $36.87 for 50,834 shares and $37.19 for 16,038 shares, with actual ranges of $36.08 to $37.08 and $37.09 to $37.35.

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

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SEC Form 4
FORM 4UNITED 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).
X
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*
Lindblad Sven-Olof

(Last)(First)(Middle)
C/O LINDBLAD EXPEDITIONS HOLDINGS, INC.
11 W 42ND STREET, SUITE 22B3

(Street)
NEW YORK 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)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
10/27/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock10/27/2026S(1)83,725D$35.46(2)10,083,674D
Common Stock10/27/2026S(1)11,200D$35.97(3)10,072,474D
Common Stock10/28/2026S(1)57,100D$35.16(4)10,015,374D
Common Stock10/28/2026S(1)11,300D$35.77(5)10,004,074D
Common Stock10/29/2026S(1)50,834D$36.87(6)9,953,240D
Common Stock10/29/2026S(1)16,038D$37.19(7)9,937,202D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 17, 2026.
2. Sales were made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $34.89 to $35.89. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
3. Sales were made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $35.90 to $36.10. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
4. Sales were made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $34.58 to $35.57. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
5. Sales were made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $35.62 to $35.86. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
6. Sales were made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $36.08 to $37.08. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
7. Sales were made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $37.09 to $37.35. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
/s/ John J. Wolfel, Attorney-in-Fact for Sven-Olof Lindblad10/29/2026
** Signature of Reporting PersonDate
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)

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