Lindblad director granted 3,240 restricted shares

Stuart Andrew reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Stuart Andrew reported acquisition or exercise transactions in this Form 4 filing.

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported that director Stuart Andrew received a grant of 3,240 shares of restricted stock on 2026-08-08. The award was granted under the company’s Long-Term Incentive Plan and vests one year from the grant date, subject to continued service. Following this grant, Andrew directly holds 26,786 shares of the company’s stock.

Insider Trade Summary

Grant/Award: 3,240 shares

Grant/Award 1 txn

Insider Stuart Andrew

Role Director

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

Holdings After Transaction: Restricted Stock — 26,786 shares (Direct)

Footnotes (1)

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 Price per share: $0.00 Shares held after transaction: 26,786 shares +1 more

4 metrics

Restricted stock granted 3,240 shares Grant to director Stuart Andrew on 2026-08-08

Price per share $0.00 Stated grant price for restricted stock award

Shares held after transaction 26,786 shares Stuart Andrew direct ownership following the grant

Vesting period 1 year Restricted stock vests one year from the grant date

Key Terms

Restricted Stock, Long-Term Incentive Plan, continued service

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.

continued service financial

"vests one year from the date of grant, subject to continued service."

FAQ

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

What did director Stuart Andrew report in this Form 4 for LIND?

Director Stuart Andrew reported receiving a grant of 3,240 shares of restricted stock on 2026-08-08 under the Long-Term Incentive Plan, increasing his direct holdings to 26,786 shares after the transaction.

How many restricted shares did Stuart Andrew acquire in the latest LIND filing?

Stuart Andrew acquired 3,240 shares of restricted stock. These shares were granted as an award under Lindblad Expeditions Holdings’ Long-Term Incentive Plan and are subject to a one-year vesting period tied to his continued service.

What is Stuart Andrew’s total LIND shareholding after this Form 4 transaction?

After the reported grant, Stuart Andrew directly holds 26,786 shares of Lindblad Expeditions Holdings, Inc. stock. This figure reflects his updated ownership position following receipt of the 3,240-share restricted stock award.

When do the newly granted LIND restricted shares to Stuart Andrew vest?

The 3,240 restricted shares granted to Stuart Andrew vest one year from the date of grant. Vesting is conditioned on his continued service with Lindblad Expeditions Holdings, Inc. throughout that one-year period.

Was the LIND Form 4 transaction a market purchase or a stock award?

The transaction was a stock award, not a market purchase. Stuart Andrew received 3,240 restricted shares at a stated price of $0.00 per share, consistent with a grant under the company’s Long-Term Incentive Plan.

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

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Accepted by SEC EDGAR 08/11/2026 - 05:44 PM EDT Learn about SEC filing dates

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
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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^*

Stuart Andrew

(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)

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)
			Code	V	Amount	(A) or (D)	Price
Restricted Stock	08/08/2026		A(1)		3,240	A	$0	26,786	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/ John J. Wolfel, Attorney-in-Fact for Andrew Stuart	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)