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.
Lindblad Expeditions Holdings, Inc. reported stronger results for the quarter ended March 31, 2026. Tour revenues rose to $208.0 million from $179.7 million, driven by a 12% increase in guest nights sold and better pricing, lifting operating income to $15.6 million from $10.6 million.
Net income increased to $6.1 million versus $1.0 million a year earlier, with net income available to common stockholders of $6.0 million, or $0.10 basic and $0.09 diluted per share. Adjusted EBITDA improved to $34.8 million from $30.0 million, supported by growth in both the Lindblad and Land Experiences segments.
The company ended the quarter with $275.0 million in cash and cash equivalents and $46.1 million in restricted cash, against $675.0 million of 7.00% senior secured notes. During February 2026, Lindblad converted all 62,000 Series A preferred shares into 9,018,763 common shares, avoiding a potential $88.0 million repurchase at maturity.
Lindblad Expeditions Holdings, Inc. reported strong first quarter 2026 results, with tour revenues rising 16% to $208.0 million and net income available to stockholders improving to $6.0 million, or $0.09 per diluted share, from roughly break-even a year earlier.
Adjusted EBITDA grew 16% to $34.8 million, supported by higher pricing and occupancy. The Lindblad segment’s net yield per available guest night increased 7% to $1,631, and occupancy reached a record 93%, up from 89%. Cash, cash equivalents and restricted cash were $321.1 million as of March 31, 2026, against total debt of $675.0 million.
For full-year 2026, the company expects tour revenues of $800–$850 million and Adjusted EBITDA of $130–$140 million. It also highlighted an active capital return program, having repurchased 875,218 shares and 6.0 million warrants for $23.0 million, with $12.0 million remaining under its $35.0 million stock repurchase plan.
LINDBLAD EXPEDITIONS HOLDINGS, INC. reported an insider equity transaction by its Chief Maritime Officer, Keith A. Taylor. On April 28, 2026, Taylor transferred 2,014 shares of Common Stock at $17.86 per share in a tax-withholding disposition, meaning shares were delivered to cover tax obligations rather than sold in the open market.
Following this transaction, Taylor directly owns 27,706 shares of Common Stock, indicating he retains the vast majority of his holdings after the routine tax-related share disposition.
Lindblad Expeditions Holdings, Inc. is holding its 2026 Annual Meeting of Stockholders as a fully virtual event on June 10, 2026 at 10:00 AM EDT. Holders of 65,499,714 shares of common stock outstanding as of April 14, 2026 may vote on electing four Class B directors, an advisory vote on 2025 executive compensation, and ratification of Ernst & Young LLP as independent auditor for 2026.
The proxy statement also outlines board structure, committee responsibilities, director pay, principal stockholders, and detailed 2025 executive compensation, including time- and performance-based equity awards and an annual cash bonus program tied mainly to Adjusted EBITDA, yield, guest satisfaction, and safety metrics.
TAYLOR KEITH A reported acquisition or exercise transactions in this Form 4 filing.
LINDBLAD EXPEDITIONS HOLDINGS, INC. reported that Chief Maritime Officer Keith A. Taylor received an award of 8,584 shares of Common Stock as restricted stock units. These RSUs vest in three equal installments on March 31 of 2027, 2028 and 2029, subject to continued service. Following this equity grant, Taylor directly holds 29,720 shares of the company’s common stock.
LINDBLAD EXPEDITIONS HOLDINGS, INC. executive Keith A. Taylor, the company’s Chief Maritime Officer, reported his initial ownership on a Form 3. The filing shows beneficial ownership of 21,136 shares of common stock, including 5,649 restricted stock units that vest on April 28, 2026 and 11,299 restricted stock units that vest on October 28, 2026, in each case subject to continued service.
Lindblad Expeditions Holdings insider Benjamin Bressler reported a routine tax-related share disposition. On April 11, 2026, 1,833 shares of common stock were withheld at $19.22 per share to cover obligations, leaving him with 162,305 directly held shares. He also holds stock options covering 771,863 shares at an exercise price of $17.65 per share, expiring on March 10, 2036.
Lindblad Expeditions Holdings Chief Expedition Officer Trey Byus received 13,767 shares of Common Stock as a stock award, earned from a performance share unit granted on March 31, 2023. On the same date, 5,202 shares were withheld at $17.30 per share to cover tax obligations. After these compensation-related transactions, Byus directly holds 137,990 shares of Lindblad Expeditions common stock, making this a routine equity grant with associated tax withholding rather than an open-market trade.
LINDBLAD EXPEDITIONS HOLDINGS, INC. insider Benjamin Bressler reported routine equity compensation activity. On March 15, 2026, he received a grant of 243,916 shares of Common Stock as a restricted stock unit award that vested 100% on March 16, 2026.
On March 16, 2026, 106,713 shares of Common Stock were disposed of at $16.93 per share through a tax-withholding transaction to cover obligations tied to this award, not an open-market sale. After these transactions, he directly held 164,138 Common shares and a stock option to buy 771,863 shares at an exercise price of $17.65 per share, expiring March 10, 2036.