Mark Ein reports 5.1% stake in Lindblad

Lindblad Expeditions Holdings, Inc. shareholder Mark D. Ein reports beneficial ownership of 3,333,719 shares of common stock, representing 5.1% of the class.

Rhea-AI Filing Summary

Lindblad Expeditions Holdings, Inc. shareholder Mark D. Ein reports beneficial ownership of 3,333,719 shares of common stock, representing 5.1% of the class. This percentage is based on 64,400,000 shares outstanding as of February 3, 2026.

Ein and Capitol Acquisition Management 2 LLC jointly file this amended Schedule 13G. Capitol Acquisition Management 2 LLC reports 3,005,117 shares, or 4.7% of the class, with sole voting and dispositive power. Ein is deemed to beneficially own shares held by Capitol Acquisition Management 2 LLC through Leland Investments, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Lindblad Expeditions (LIND) shares does Mark D. Ein report owning?

Mark D. Ein reports beneficial ownership of 5.1% of Lindblad Expeditions common stock. This is based on 3,333,719 shares, calculated using 64,400,000 shares outstanding as of February 3, 2026, as disclosed in the amended Schedule 13G filing.

How many Lindblad Expeditions (LIND) shares are reported as beneficially owned in total by Mark D. Ein?

Mark D. Ein reports beneficial ownership of 3,333,719 Lindblad Expeditions common shares. The filing states he has sole voting and dispositive power over this amount, representing 5.1% of the outstanding shares, using 64,400,000 shares outstanding as the calculation base.

Who are the reporting persons in this Lindblad Expeditions (LIND) Schedule 13G/A?

The reporting persons are Mark D. Ein and Capitol Acquisition Management 2 LLC. The filing explains that Leland Investments, Inc., controlled by Ein, is the sole member of Capitol Acquisition Management 2 LLC, so Ein is deemed to beneficially own shares held by that entity.

What stake does Capitol Acquisition Management 2 LLC report in Lindblad Expeditions (LIND)?

Capitol Acquisition Management 2 LLC reports beneficial ownership of 3,005,117 Lindblad Expeditions shares. This corresponds to 4.7% of the common stock, with sole voting and sole dispositive power over those shares, calculated using 64,400,000 shares outstanding as of February 3, 2026.

What share count is used to calculate ownership percentages in this Lindblad (LIND) Schedule 13G/A?

Ownership percentages are calculated using 64,400,000 Lindblad Expeditions common shares outstanding. The filing specifies that this aggregate outstanding share count is as of February 3, 2026, and both the 5.1% and 4.7% ownership figures rely on this baseline number.

Does the Schedule 13G/A indicate shared voting or dispositive power over Lindblad (LIND) shares?

The filing reports no shared voting or dispositive power. For both Mark D. Ein and Capitol Acquisition Management 2 LLC, the disclosed positions show sole voting power and sole dispositive power over their respective share amounts, with shared power columns reported as zero.

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Accepted by SEC EDGAR 02/17/2026 - 09:38 AM EST Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 8)

LINDBLAD EXPEDITIONS HOLDINGS, INC.

(Name of Issuer)

Common Stock, $0.0001 par value

(Title of Class of Securities)

535219109

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 535219109

1

Names of Reporting Persons

EIN MARK

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,333,719.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,333,719.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,333,719.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) The percent ownership calculated is based upon an aggregate of 64,400,000 shares outstanding as of February 3, 2026.

SCHEDULE 13G

CUSIP No. 535219109

1

Names of Reporting Persons

Capitol Acquisition Management 2 LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,005,117.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,005,117.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,005,117.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: (1) The percent ownership calculated is based upon an aggregate of 64,400,000 shares outstanding as of February 3, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LINDBLAD EXPEDITIONS HOLDINGS, INC.
(b)	Address of issuer's principal executive offices: 11 WEST 42ND STREET, SUITE 22 B3 NEW YORK, NY 10036
Item 2.
(a)	Name of person filing: Mark D. Ein and Capitol Acquisition Management 2 LLC
(b)	Address or principal business office or, if none, residence: The business address of each of Mr. Ein and Capitol Acquisition Management 2 LLC is c/o Lindblad Expeditions Holdings, Inc., 11 West 42nd Street, Suite 22 B3 New York, NY 10036.
(c)	Citizenship: Mr. Ein is a United States citizen. Capitol Acquisition Management 2 LLC is a limited liability company organized and existing under the laws of the State of Delaware.
(d)	Title of class of securities: Common Stock, $0.0001 par value
(e)	CUSIP No.: 535219109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Leland Investments, Inc., an entity controlled by Mr. Ein, is the sole member of Capitol Acquisition Management 2 LLC. Accordingly, Mr. Ein is deemed to have beneficial ownership of shares held by Capitol Acquisition Management 2 LLC.
(b)	Percent of class: 5.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,333,719
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3,333,719
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

EIN MARK

Signature:	/s/ EIN MARK
Name/Title:	Self
Date:	02/17/2026

Capitol Acquisition Management 2 LLC

Signature:	/s/ EIN MARK
Name/Title:	President of Leland Investments, Inc. (sole member of Capitol Acquisition Management 2 LLC)
Date:	02/17/2026

Exhibit Information

Agreement to file Schedule 13G jointly (previously filed as Exhibit 1 to the reporting parties' Schedule 13G filed January 22, 2014).