Lindblad Expeditions Holdings Inc. filings document the formal disclosures of an operating company in expedition cruises and adventure travel. Recent Form 8-K reports cover quarterly and annual financial results, segment performance for Lindblad and Land Experiences, debt refinancing activity, senior secured notes, and the completed conversion of Series A Convertible Preferred Stock into common stock.
The company’s proxy materials describe annual meeting matters, director elections, executive compensation votes, auditor ratification, and stockholder voting procedures. Other filings record governance and management changes, compensation arrangements for executive officers, and material agreements tied to subsidiary ownership, including Lindblad’s increased ownership interest in Natural Habitat.
Shareholder Benjamin Bressler has filed a notice to sell 222,386 common shares of LIND, with an aggregate market value of $3,567,553.03. The shares are to be sold through Wells Fargo Clearing Services on Nasdaq, with an approximate sale date of January 12, 2026.
The securities were acquired the same day via stock options from the issuer, with payment made by wire. In the past three months, Bressler has already sold common shares of LIND in three transactions totaling 16,123, 29,628, and 69,439 shares, generating gross proceeds of $241,440.85, $444,328.60, and $1,040,561.35, respectively.
A shareholder of LIND filed a Form 144 notice indicating an intent to sell 69,439 common shares through Wells Fargo Clearing Services on or about 01/09/2026 on the Nasdaq exchange. The filing lists an aggregate market value of $1,040,561.35 for these shares and notes that 55,400,743 common shares were outstanding.
In the same notice, the seller reports acquiring the 69,439 common shares via stock options from the issuer on 01/09/2026, with payment made by wire on that date. Over the prior three months, Benjamin Bressler is shown as having sold 16,123 and 29,628 common shares of LIND for gross proceeds of $241,440.85 and $444,328.60, respectively. By signing, the seller represents that they are not aware of undisclosed material adverse information about the issuer’s operations.
Lindblad Expeditions Holdings insider Benjamin Bressler exercised and sold shares on the same day. On January 7, 2026, he exercised a stock option for 29,628 shares of common stock at an exercise price of $8.44 per share under the 2021 Long Term Incentive Plan, then sold 29,628 shares of common stock in an open-market transaction at a weighted average price of $15.04 per share, with individual sale prices ranging from $15.00 to $15.12. Following these transactions, he held 23,466 shares of common stock and 736,600 stock options directly.
Lindblad Expeditions Holdings (LIND) filed a Form 144 notice for a planned stock sale. The filing covers the proposed sale of 29,628 shares of common stock through Wells Fargo Clearing Services on or about 01/07/2026 on the Nasdaq market, with an indicated aggregate market value of $444,328.60. These shares were acquired on the same date via stock options from the issuer and paid for by wire transfer.
The filing also reports that Benjamin Bressler sold 16,123 common shares of LIND on 12/22/2025 for gross proceeds of $241,440.85. The number of common shares outstanding is listed as 55,400,743, providing context for the size of the planned sale.
Lindblad Expeditions Holdings, Inc. is updating its fleet plans, announcing that the National Geographic Sea Bird and National Geographic Sea Lion will retire from its fleet in October 2026 after completing their farewell season.
Beginning in 2027, the company plans to expand its Alaska program by chartering the Greg Mortimer, which it says will support more exploration, offer more modern onboard accommodations and common spaces, introduce new itineraries, and further its long-standing expedition travel legacy.
Lindblad Expeditions (LIND) reported Q3 2025 results. Tour revenues were $240.2 million, up 17% year over year, with operating income of $35.97 million. Net income was $4.57 million, while net income attributable to Lindblad was $1.19 million. After preferred dividends, net loss available to common stockholders was $0.05 million, or $0.00 per basic share.
For the nine months, tour revenues reached $587.8 million, up 18%, with operating income of $50.99 million and a net loss of $1.38 million. Cash and cash equivalents were $261.78 million as of September 30, 2025, and unearned passenger revenues were $362.28 million, reflecting advance customer deposits.
The company issued $675.0 million of 7.00% senior secured notes on August 20, 2025, and used $667.5 million to repay its 6.75% and 9.00% notes, recording a $23.49 million loss on extinguishment. Long‑term debt (net of costs) was $663.44 million. The revolving credit facility was amended and increased to $60.0 million, with no borrowings outstanding.
Lindblad Expeditions Holdings, Inc. (LIND) furnished an Item 2.02 update announcing financial results for the third quarter ended September 30, 2025. The company issued a press release on November 4, 2025, which is provided as Exhibit 99.1.
Consistent with General Instruction B.2, the information in Item 2.02, including Exhibit 99.1, is furnished and not deemed filed under the Exchange Act, and is not incorporated by reference into other filings unless specifically referenced.
Lindblad Expeditions Holdings, Inc. is changing its commercial leadership structure as part of efforts to align the organization with its long-term strategic goals. The company is consolidating all direct and trade sales under Kathi Riddle, who has been appointed Senior Vice President and Chief Sales Officer, and has recently added a revenue manager officer role. Neither of these positions is designated as a Section 16 officer. As a result of this reorganization, the company eliminated the Chief Commercial Officer position, and Noah Brodsky will depart effective October 18, 2025. Going forward, revenue and sales functions will report directly to the CEO, Natalya Leahy.
Benjamin Bressler, an officer of Lindblad Expeditions Holdings, Inc. (LIND), reported option exercise and subsequent share sale on 08/28/2025. He exercised a stock option with an $8.44 exercise price to acquire 21,137 shares and immediately reported a sale of 21,137 shares at a weighted-average price of $15.01 (sales ranged $15.00–$15.04). Following the transactions, Bressler reported beneficial ownership of 23,466 shares. The option exercised was granted under the 2021 Long Term Incentive Plan and was exercisable as of 03/18/2024 with an expiration date of 03/17/2034. The Form 4 was signed by an attorney-in-fact on 08/29/2025.
Trey Byus, Chief Expedition Officer of Lindblad Expeditions Holdings, Inc. (LIND), reported the sale of 16,585 shares of the company's common stock on 08/27/2025. The Form 4 shows the shares were sold at a weighted average price of $14.88 (actual prices ranged $14.88 to $14.90). After the transaction the reporting person beneficially owned 128,996 shares, reported as direct ownership. The filing was signed by an attorney-in-fact on 08/29/2025. The filer checked the box indicating the Form was filed by one reporting person and listed the reporting person's address in New York, NY.