Lindblad (LIND) CEO records tax-withholding disposition of 11,842 shares

Rhea-AI Filing Summary

LINDBLAD EXPEDITIONS HOLDINGS, INC. CEO Natalya Leahy reported a tax-withholding share disposition related to equity compensation. On this Form 4, 11,842 shares of common stock were surrendered at a price of $20.04 per share to cover tax obligations, a transaction type typically not involving open-market selling. After this administrative disposition, Leahy directly held 277,714 shares of the company’s common stock.

Insider Trade Summary

Net Seller: 11,842 shares

Net Sell 1 txn

Insider Leahy Natalya

Role CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	11,842	$20.04	$237K

Holdings After Transaction: Common Stock — 277,714 shares (Direct)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/19/2026 - 05:15 PM Learn about SEC filing dates

FAQ

What insider transaction did LIND CEO Natalya Leahy report on this Form 4?

Natalya Leahy reported a tax-withholding disposition of 11,842 shares of Lindblad common stock. The shares were surrendered at $20.04 each to cover tax obligations tied to equity compensation rather than sold in an open-market transaction.

Did the LIND CEO buy or sell shares in the open market in this filing?

The filing shows no open-market purchase or sale by the LIND CEO. Instead, 11,842 shares were disposed of as a tax-withholding transaction, where shares are delivered to satisfy tax liabilities arising from stock-based compensation.

How many LIND shares did the CEO dispose of for tax withholding and at what price?

The CEO disposed of 11,842 Lindblad common shares for tax withholding at a reported price of $20.04 per share. This reflects the value used for covering tax obligations associated with stock-based awards, not a typical market sale.

How many LIND shares does CEO Natalya Leahy own after this Form 4 transaction?

After the reported tax-withholding disposition, CEO Natalya Leahy directly owned 277,714 shares of Lindblad common stock. This post-transaction holding reflects her remaining equity stake following the surrender of shares to satisfy tax liabilities.

What does transaction code F mean in the LIND CEO’s Form 4?

Transaction code F indicates shares were used to pay an exercise price or tax liability. In this LIND filing, it reflects a tax-withholding disposition where 11,842 shares were delivered to cover taxes tied to stock compensation, not an open-market trade.

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^*

Leahy Natalya

(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)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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	02/07/2026		F		11,842	D	$20.04	277,714	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:

	/s/ John J. Wolfel, Attorney-in-Fact for Natalya Leahy	02/19/2026
	** 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.