Lindblad (LIND) CEO reports 1,833-share tax-withholding disposition

Rhea-AI Filing Summary

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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider BRESSLER BENJAMIN

Role *Founder & CEO of NHA

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,833	$19.22	$35K
holding	Stock Option (right to buy	--	--	--

Holdings After Transaction: Common Stock — 162,305 shares (Direct); Stock Option (right to buy — 771,863 shares (Direct)

Footnotes (1)

Key Figures

Tax-withheld shares: 1,833 shares at $19.22 Shares held after transaction: 162,305 shares Option position: 771,863 shares at $17.65

3 metrics

Tax-withheld shares 1,833 shares at $19.22 Tax-withholding disposition on April 11, 2026

Shares held after transaction 162,305 shares Common stock directly owned after Form 4 event

Option position 771,863 shares at $17.65 Stock option exercise price and underlying shares, expiring March 10, 2036

Key Terms

tax-withholding disposition, Stock Option (right to buy, exercise price, underlying security

4 terms

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Stock Option (right to buy financial

""security_title": "Stock Option (right to buy""

exercise price financial

""conversion_or_exercise_price": "17.6500""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

underlying security financial

""underlying_security_title": "Common Stock""

Form 4 Insider Transactions: What Each Field Means →

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^*

BRESSLER BENJAMIN

(Last) (First) (Middle)

C/O LINDBLAD EXPEDITIONS HOLDINGS, INC.

11 W 42ND STREET, SUITE 22B3

(Street)

NEW YORK 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	*Founder & CEO of NHA

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/11/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/11/2026		F		1,833	D	$19.22	162,305	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
Stock Option (right to buy	$17.65							03/10/2026	03/10/2036	Common Stock	771,863		771,863	D

Explanation of Responses:

	/s/ John J. Wolfel, Attorney-in-Fact for Benjamin Bressler	04/14/2026
	** 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)

FAQ

What insider transaction did LIND CEO Benjamin Bressler report?

Benjamin Bressler reported a tax-withholding disposition of 1,833 Lindblad Expeditions common shares. The shares were withheld at $19.22 per share to satisfy tax or exercise obligations, rather than sold in the open market.

How many Lindblad Expeditions (LIND) shares does Benjamin Bressler hold after this Form 4?

After the transaction, Benjamin Bressler directly holds 162,305 Lindblad Expeditions common shares. This figure, disclosed in the Form 4, reflects his position following the 1,833-share tax-withholding disposition reported on April 11, 2026.

Were the 1,833 LIND shares reported by Benjamin Bressler an open-market sale?

No. The 1,833 Lindblad Expeditions shares were a tax-withholding disposition, coded “F.” This indicates shares were delivered to cover an exercise price or tax liability, not actively sold on the open market for investment reasons.

What stock options related to LIND does Benjamin Bressler hold?

Benjamin Bressler holds a stock option to buy Lindblad Expeditions common stock at $17.65 per share. The option covers 771,863 underlying shares and is scheduled to expire on March 10, 2036, according to the filing data.

Does this Lindblad Expeditions (LIND) Form 4 show any insider share purchases or sales?

The Form 4 does not show open-market purchases or sales. It reports a single tax-withholding disposition of 1,833 shares and lists an existing stock option position, so there is no new buy or sell decision in the market.