Benjamin Bressler (LIND) receives 771,863 stock options under 2021 incentive plan

Rhea-AI Filing Summary

LINDBLAD EXPEDITIONS HOLDINGS, INC. insider Benjamin Bressler received a large stock option grant as part of his compensation. On 2026-03-10, he was granted options to acquire 771,863 shares of Common Stock at an exercise price of $17.65 per share. The options were granted under the 2021 Long Term Incentive Plan pursuant to his employment agreement and expire on 2036-03-10. Following these transactions, Bressler also held 23,466 shares of Common Stock directly.

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

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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^*

BRESSLER BENJAMIN

(Last) (First) (Middle)

C/O LINDBLAD EXPEDITIONS HOLDINGS, INC.

11 W 42ND STREET, SUITE 22B3

(Street)

NEW YORK NY 10036

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	*Founder & CEO of NHA

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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
Common Stock								23,466	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
Stock Option (right to buy)(1)	$17.65	03/10/2026		A		771,863		03/10/2026	03/10/2036	Common Stock	771,863	$0	771,863	D

Explanation of Responses:

1. Stock option granted under the 2021 Long Term Incentive Plan pursuant to his employment agreement.

	/s/ John J. Wolfel, Attorney-in-Fact for Benjamin Bressler	03/12/2026
	** 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.
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FAQ

What insider transaction did Benjamin Bressler report for LIND on March 10, 2026?

Benjamin Bressler reported receiving a stock option grant for Lindblad Expeditions on March 10, 2026. He was awarded options covering 771,863 shares of Common Stock at an exercise price of $17.65 per share, with an expiration date of March 10, 2036.

How many Lindblad (LIND) shares are covered by Benjamin Bressler’s new stock options?

The new stock option grant to Benjamin Bressler covers 771,863 shares of Lindblad Expeditions Common Stock. These options give him the right to buy those shares at $17.65 per share, subject to the terms of the 2021 Long Term Incentive Plan and his employment agreement.

What is the exercise price and expiration date of Benjamin Bressler’s LIND stock options?

Benjamin Bressler’s stock options have an exercise price of $17.65 per share and expire on March 10, 2036. This means he can choose to buy up to 771,863 Lindblad Expeditions shares at that price before the expiration date, subject to plan terms.

Under what plan were Benjamin Bressler’s new Lindblad (LIND) options granted?

Benjamin Bressler’s new stock options were granted under Lindblad Expeditions’ 2021 Long Term Incentive Plan. The grant was made pursuant to his employment agreement, indicating it is part of his compensation structure rather than an open-market purchase or sale of existing shares.

How many Lindblad (LIND) common shares does Benjamin Bressler hold directly after this filing?

After the reported transactions, Benjamin Bressler held 23,466 shares of Lindblad Expeditions Common Stock directly. This direct holding figure is separate from the 771,863 shares subject to stock options, which represent rights to purchase shares at a set exercise price in the future.

Was Benjamin Bressler’s March 10, 2026 LIND transaction a market buy or sell?

The March 10, 2026 activity for Benjamin Bressler was a grant or award acquisition, not a market buy or sell. He received stock options with an exercise price of $17.65 per share under the company’s 2021 Long Term Incentive Plan, tied to his employment agreement.