LIND LINDBLAD EXPEDITIONS HOLDINGS, INC. Insider Trading

Director Michael Elliott Bisnow sells 44,642 shares of LIND for $1,080,952.46; reduces stake by 63.3% to 25,872 shares

Michael Elliott Bisnow, a Director, sold 44,642 shares at $24.21 on 2026-06-17, reducing his holdings from 70,514 shares to 25,872 shares—a 63.3% reduction in position size. This is a material reduction in insider stake coinciding with significant recent stock appreciation: the company's shares have risen 39.5% over the past 30 days and 49.8% over 90 days, currently trading at $25.75, just 3.0% below the 52-week high of $26.56. While the company shows recent profitability in the latest quarter ($6,500,000 net income on $208,013,000 revenue) and strong annual revenue growth of 19.6%, it remained unprofitable on a full-year basis. The substantial position reduction following a sharp rally warrants investor attention to whether this represents a reassessment of valuation or capital allocation priorities by the director level.

Director L. Dyson Dryden sold 52,747 shares of LIND at $23.09 on 2026-05-29; retains 988,054 shares.

Director L. Dyson Dryden sold 52,747 shares at $23.09, reducing his holding by 5.1% to 988,054 shares post-transaction. The company reported revenue of $208,013,000.00 in its latest quarter with net income of $6,500,000.00, reflecting a growth trajectory with annual revenue growth of +19.6%, though full-year net income was negative. The director retained a substantial stake of 988.1K shares despite the sale, indicating meaningful continued ownership exposure to the company's performance.

Lindblad founder & then-CEO Bressler sells 222.4K shares for $4.0M via scheduled 10b5-1 plan

Benjamin Bressler, who was Founder & CEO of Lindblad Expeditions at the time of this filing, executed 2 separate sales totaling 222,389 shares for $4,014,330.33 on 2026-02-04 and 2026-02-05 at a blended average price of $18.05. This transaction was conducted under a pre-arranged 10b5-1 trading plan, meaning it was scheduled rather than discretionary. The sales reduced his holdings from 245,855 shares to 23,466 shares, representing a -90.5% reduction in his stake. Given Bressler's founder status and his role as CEO at the time of execution, this substantial reduction in economic exposure warrants investor attention, though the scheduled nature of the sales under Rule 10b5-1 means the timing was predetermined rather than responsive to current market conditions.

Director Sven-Olof Lindblad sold 360,815 shares for $6,245,172.83 via scheduled 10b5-1 plan (3 sales Feb 2-3, 2026)

Director Sven-Olof Lindblad executed three separate sales totaling 360,815 shares for $6,245,172.83 across February 2-3, 2026, at prices ranging from $17.18 to $17.38 (blended average $17.31). This activity is part of a pre-arranged 10b5-1 trading plan, meaning the sales were scheduled and not discretionary. Post-transaction, Lindblad retains 10,811,964 shares, representing a 3.2% reduction from his 11,172,779 pre-transaction holdings. As a scheduled disposition under a 10b5-1 plan, this filing reflects predetermined execution rather than a signal of current market conviction or concern.

Director Sven-Olof Lindblad sold 183,639 shares (183.6K) for $3,078,395.53 across two transactions at $16.84–$16.66, against rising momentum (+19.7% in 30 days, +38.8% in 90 days).

Director Lindblad executed 2 separate sales totaling 183,639 shares for $3,078,395.53 on January 29–30, 2026, at an average price of $16.76 per share, reducing his holdings by 1.6% to 11,172,779 shares. The sales occurred as the stock traded near its 52-week high of $17.28 and posted significant gains over the trailing 30-day (+19.7%) and 90-day (+38.8%) periods. His prior same-ticker sales at LIND have not yet accumulated measurable 30- or 90-day outcomes, and his cross-ticker track record shows 9 prior sells with no disclosed well-timed outcome statistics, limiting the predictive signal from historical precedent. The company is posting positive quarterly revenue of $240,172,000 with annual growth of +13.2%, though it was unprofitable on a full-year basis; the trade itself does not indicate strategic repositioning or mandatory execution.

Founder & former CEO Bressler sold 87,478 shares of LIND at $17.08 for $1.5M under 10b5-1 plan

Benjamin Bressler, who was Founder & CEO of NHA, sold 87,478 shares of Lindblad Expeditions Holdings at $17.08 per share on February 2, 2026, reducing his holdings from 110,944 shares to 23,466 shares—a 78.8% reduction in position size. The transaction was executed under a pre-arranged 10b5-1 trading plan, meaning it was scheduled rather than discretionary. This scheduled sale represents a significant portfolio contraction but does not signal directional conviction about the stock, as 10b5-1 transactions are predetermined and executed independently of market conditions or fundamental views at the time of trade.

Founder & CEO Bressler sells 33.3K LIND shares (58.7% of holdings) at $17.02 amid rapid accumulation pattern

Benjamin Bressler, Founder & CEO of NHA, sold 33,338 shares of Lindblad Expeditions (LIND) at $17.02 on 2026-01-29, reducing his position from 56,804 to 23,466 shares—a 58.7% reduction. This sale is notable in context of timing: it marks the fifth distinct sell transaction in just three weeks (prior sells on 2026-01-15, 2026-01-14, 2026-01-12, and 2026-01-09), suggesting either a structured liquidation program or a shift in portfolio positioning. His cross-ticker track record shows a 100.00% well-timed rate across 9 prior sells, though only 1 of his prior LIND-specific sells had measurable outcomes (well-timed at the 90-day mark on 2025-08-27, when the stock fell -19.3% post-transaction). The stock traded at $17.02 during the sale and currently sits at $16.67 (−1.7% from the 52-week high of $16.96), having appreciated +15.6% over the past 30 days and +38.2% over 90 days, suggesting the sale occurred in a period of upward momentum. While the company generated $240.2M in revenue with +13.2% annual growth, it remains unprofitable on a full-year basis, which may inform the insider's current liquidation posture.

Director Sven-Olof Lindblad sold 130,641 shares (130.6K) for $2.1M across 2 transactions at blended avg $16.19

Lindblad, a director at Lindblad Expeditions (LIND), executed 2 separate sales totaling 130,641 shares for $2,114,900.35 on Jan 27–28, 2026, reducing his holdings by -1.1% to 11.36M shares remaining. The sales occurred as LIND traded near its 52-week high ($16.82 current price vs. $16.96 high; 30-day and 90-day price momentum at +16.6% and +39.5% respectively suggest recent strength). His cross-ticker track record shows 6 prior sells with a win rate of 0 of 0 at the 90-day mark, limiting predictive value. The company remains unprofitable on a full-year basis despite recent revenue growth of +13.2% year-over-year, and latest quarterly net income was $1.2M on $240.2M revenue—thin margins that warrant monitoring against the stock's momentum.

Director Lindblad sells 78,969 shares (79.0K) in 2 tranches at $16.08 & $16.03 for $1,267,901.96; retains 11.49M shares

Lindblad Sven-Olof (Director) executed 2 separate sales totaling 78,969 shares at a blended average price of $16.06, reducing holdings from 11.57M to 11.49M shares (-0.7%). The sales occurred on 2026-01-23 and 2026-01-26 at prices ($16.08 and $16.03) within the 52-week range of $7.79–$16.96, near the current price of $16.08. His cross-ticker track record shows a 100% win rate on prior buys (90d avg return +66.7%), but this LIND-specific context differs: he has executed 3 prior sells at LIND on 2026-01-20, 2026-01-21, and 2026-01-22, all currently unmeasurable in outcome. The company reported latest-quarter revenue of $240,172,000.00 and net income of $1,190,000.00, but is unprofitable on an annual basis. The near-concurrent timing of multiple sell orders within 3 trading days warrants observation, though his substantial remaining stake of 11.49M shares indicates continued significant exposure.

Director Lindblad sells 62,100 LIND shares at $16.48; holds 11.57M shares post-sale.

Lindblad Sven-Olof (Director) sold 62,100 shares at $16.48 on 2026-01-22, reducing holdings from 11.63M to 11.57M shares (-0.5%). The transaction occurred at a price 3.5% above the current price of $15.91, which sits 6.2% below the 52-week high of $16.96. The company posted positive quarterly revenue of $240,172,000 with 13.2% annual growth, though it remains unprofitable on a full-year basis. While Lindblad's cross-ticker track record shows a 90d win rate of 100.00% on 1 prior buy (avg 90d return +66.7%), outcomes at LIND specifically remain limited to measurable data from a 2024-08-21 buy (+29.1% at 30d, +66.7% at 90d). The current sell appears isolated given the stock's recent 30-day strength (+9.1%) and 90-day momentum (+27.4%), with no prior pattern established on this ticker to infer timing.