Lindblad (LIND) director Fahey sells 1,000 restricted shares at $19.395

Q: How many LIND shares does John M. Fahey Jr. hold after this transaction?

He holds 117,486 LIND shares directly after the sale. The Form 4 shows this post-transaction ownership number, indicating that the 1,000 shares sold represent only a small portion of his remaining direct holdings in the company.

Q: What type of security did John M. Fahey Jr. sell in this LIND Form 4?

He sold shares classified as Restricted Stock. Restricted stock typically originates from equity compensation awards that are subject to vesting or transfer restrictions, and later may be sold in the open market once conditions and holding requirements are satisfied.

Q: Was John M. Fahey Jr.’s LIND stock sale a market purchase or a private transaction?

The transaction is described as an open-market sale. The Form 4 uses transaction code “S” with the description “Sale in open market or private transaction,” and the detailed pricing range aligns with typical open-market trading activity.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

LINDBLAD EXPEDITIONS HOLDINGS, INC. director John M. Fahey Jr. reported an open-market sale of 1,000 shares of restricted stock on May 14, 2026 at a weighted average price of $19.395 per share, in trades ranging from $19.43 to $19.48. After the sale, he holds 117,486 shares directly.

Insights

Director’s small open-market sale appears routine relative to remaining stake.

Director John M. Fahey Jr. executed an open-market sale of 1,000 restricted stock shares at a weighted average of $19.395 per share. The footnote clarifies the price reflects multiple trades between $19.43 and $19.48, a narrow band typical of ordinary market execution.

Following the transaction, he continues to hold 117,486 shares directly, indicating that only a limited portion of his position was sold. There are no derivative positions listed, and no reference to trading plans or unusual circumstances in the provided excerpt, so this looks like a routine liquidity event rather than a thesis-changing move.

Insider Trade Summary 10b5-1

Net Seller: 1,000 shares ($19,395)

Net Sell 1 txn

Insider FAHEY JOHN M JR

Role null

Sold 1,000 shs ($19K)

Type	Security	Shares	Price	Value
Sale	Restricted Stock	1,000	$19.395	$19K

Holdings After Transaction: Restricted Stock — 117,486 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 1,000 shares Weighted average sale price: $19.395 per share Sale price range: $19.43–$19.48 per share +2 more

5 metrics

Shares sold 1,000 shares Restricted stock sold on May 14, 2026

Weighted average sale price $19.395 per share Open-market sale price reported in Form 4

Sale price range $19.43–$19.48 per share Range of individual trade prices in the transaction

Shares held after transaction 117,486 shares Direct ownership following the reported sale

Net shares sold 1,000 shares Net sell direction from transaction summary

Key Terms

Restricted Stock, weighted average price, open-market sale, Sale in open market or private transaction, +1 more

5 terms

Restricted Stock financial

"security_title: "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

"transaction_action: "open-market sale""

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.

Sale in open market or private transaction financial

"transaction_code_description: "Sale in open market or private transaction""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

Form 4 Insider Transactions: What Each Field Means →

05/15/2026 - 06:12 PM

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^*

FAHEY JOHN M JR

(Last)

(First)

(Middle)

C/O LINDBLAD EXPEDITIONS HOLDINGS, INC.

11 W 42ND STREET, SUITE 22B3

(Street)

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)
05/14/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock	05/14/2026		S		1,000	D	$19.395⁽¹⁾	117,486	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $19.43 to $19.48, inclusive. The Reporting Person undertakes to provide Lindblad Expeditions Holdings, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

	/s/ John J. Wolfel, Attorney-in-Fact for John M. Fahey Jr	05/15/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did LIND director John M. Fahey Jr. report?

He reported selling 1,000 restricted stock shares in the open market. The sale occurred on May 14, 2026 and was executed at a weighted average price of $19.395 per share, based on multiple trades within a narrow intraday price range.

At what prices were John M. Fahey Jr.’s LIND shares sold?

The shares were sold at a weighted average price of $19.395. According to the footnote, individual trades took place between $19.43 and $19.48 per share, with the weighted average reported as the transaction price in the Form 4.

How many LIND shares does John M. Fahey Jr. hold after this transaction?

He holds 117,486 LIND shares directly after the sale. The Form 4 shows this post-transaction ownership number, indicating that the 1,000 shares sold represent only a small portion of his remaining direct holdings in the company.

What type of security did John M. Fahey Jr. sell in this LIND Form 4?

He sold shares classified as Restricted Stock. Restricted stock typically originates from equity compensation awards that are subject to vesting or transfer restrictions, and later may be sold in the open market once conditions and holding requirements are satisfied.

Was John M. Fahey Jr.’s LIND stock sale a market purchase or a private transaction?

The transaction is described as an open-market sale. The Form 4 uses transaction code “S” with the description “Sale in open market or private transaction,” and the detailed pricing range aligns with typical open-market trading activity.