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  4. [Form 4] LINDBLAD EXPEDITIONS HOLDINGS, INC. Insider Trading Activity

Lindblad Expeditions (LIND) director sells 44,642 restricted shares

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

LINDBLAD EXPEDITIONS HOLDINGS, INC. director Michael Elliott Bisnow reported an open-market sale of 44,642 shares of Restricted Stock on June 17, 2026 at a weighted average price of $24.2138 per share. After this transaction, he directly holds 25,872 shares.

The footnote explains that the weighted average price reflects individual sale prices ranging from $23.84 to $24.53, and detailed breakdowns are available on request.

Positive

  • None.

Negative

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Insider BISNOW MICHAEL ELLIOTT
Role null
Sold 44,642 shs ($1.08M)
Type Security Shares Price Value
Sale Restricted Stock 44,642 $24.2138 $1.08M
Holdings After Transaction: Restricted Stock — 25,872 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares sold 44,642 shares Open-market sale of Restricted Stock on June 17, 2026
Weighted average sale price $24.2138 per share Price for 44,642 shares sold
Price range $23.84–$24.53 per share Range of actual sale prices noted in footnote
Shares held after transaction 25,872 shares Director’s direct holdings following the sale
Transaction code S Sale in open market or private transaction
Restricted Stock financial
"director Michael Elliott Bisnow reported an open-market sale of 44,642 shares of Restricted Stock"
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.
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.
open-market sale financial
"reported an open-market sale of 44,642 shares of Restricted Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"for all transactions reported in this Form 4 utilizing a weighted average price"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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Form 4 Insider Transactions: What Each Field Means →
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).
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 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026		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
Restricted Stock06/17/2026S44,642D$24.2138(1)25,872D
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 price reported in Column 4 is a weighted average price. The prices actually received ranged from $23.84 to $24.53. 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/ Michael Elliott Bisnow by John Wolfel, Attorney-in-Fact06/18/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Lindblad Expeditions (LIND) report?

Lindblad Expeditions director Michael Elliott Bisnow reported selling 44,642 shares of Restricted Stock. The transaction was an open-market sale at a weighted average price of $24.2138 per share, disclosed in a Form 4 insider trading report.

How many Lindblad Expeditions (LIND) shares did the director retain after the sale?

After the reported sale, director Michael Elliott Bisnow directly holds 25,872 shares. This figure reflects his remaining position in Lindblad Expeditions common equity following the 44,642-share open-market sale of Restricted Stock on June 17, 2026.

At what price did the Lindblad Expeditions (LIND) director sell his shares?

The sale used a weighted average price of $24.2138 per share. According to the footnote, individual transaction prices ranged from $23.84 to $24.53, and detailed price-by-share information is available from the issuer or the director upon request.

What type of security did the Lindblad Expeditions (LIND) Form 4 transaction involve?

The Form 4 transaction involved Restricted Stock of Lindblad Expeditions Holdings, Inc. These were sold in an open-market transaction, not derivative exercises or options, and the director’s reported holdings of 25,872 shares are described as directly owned after the sale.

Was the Lindblad Expeditions (LIND) insider sale reported as an open-market trade?

Yes. The Form 4 describes the transaction as an open-market sale of Restricted Stock. The transaction code is “S,” indicating a sale in the open market or a private transaction, with 44,642 shares sold at a weighted average price of $24.2138 per share.