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EdgarHawk

BRESSLER BENJAMIN

*Founder & CEO of NHA

Officer
10 filings analyzed · 1 company · Latest 2026-02-05

Companies

Company Buys Sells Direction
LINDBLAD EXPEDITIONS HOLDINGS, INC. LIND 0 26 Net selling

Activity

February 2026
Sell
222,389 shares
$4,014,330
Significance 7/10

LIND founder Benjamin Bressler sells 222,389 shares for $4,014,330.33; retains 23,466 shares. Heavy liquidation at near 52-week highs.

Benjamin Bressler, Founder & CEO of NHA at Lindblad Expeditions Holdings (LIND), executed 2 separate sales on Feb 4–5 totaling 222,389 shares for $4,014,330.33 at a blended average price of $18.05. This represents a -90.5% reduction in his holdings, leaving him with 23,466 shares post-transaction. The sales occur at the current price of $18.28, which is at the 52-week high ($7.79–$18.28), and follow a sharp 30-day rally (+26.4%) and 90-day rally (+50.7%). His cross-ticker track record shows strong historical timing on sells with a 100.00% well-timed rate across 11 prior sales, though outcomes at this specific ticker are not yet measurable. The substantial liquidation of a founder's position at cyclical highs warrants investor attention given the company's recent profitability challenges (negative full-year net income despite +13.2% annual revenue growth).

Sell
87,478 shares
$1,494,203
Significance 6/10

LIND Founder & CEO Bressler sells 87,478 shares (78.8% of holdings) at $17.08; stock at 52-week high.

Benjamin Bressler, Founder & CEO of NHA, divested 87,478 shares of Lindblad Expeditions (78.8% reduction in holdings) on 2026-02-02 at $17.08, leaving only 23,466 shares. The transaction occurred at the 52-week high ($17.28), within the $7.79–$17.28 annual range, following a period of strong momentum: +19.7% over 30 days and +38.8% over 90 days. Bressler has executed five separate sales at LIND within a 24-day window (2026-01-09 through 2026-02-02), suggesting a systematic reduction of his position. His cross-ticker track record shows a 100% well-timed rate (10 prior sells with negative 90-day average return of -10.6%), though prior LIND outcomes remain unmeasurable. The company reported $240.2M quarterly revenue with +13.2% annual growth, but remains unprofitable on a full-year basis, with net income of $1.2M in the latest quarter against a negative full-year result—highlighting a company in transition.

January 2026
Sell
33,338 shares
$567,473
Significance 6/10

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.

Sell
101,570 shares
$1,734,304
Significance 7/10

Founder/CEO BRESSLER sold 101.6K shares (81.2% of holdings) at $17.07 avg; prior 3 LIND trades all well-timed at 90-day mark

BRESSLER executed 2 separate sales totaling 101,570 shares for $1,734,303.83 at a blended average price of $17.07, reducing his stake from 125,036 shares to 23,466 shares (an 81.2% reduction). This represents a substantial liquidation of his position in LINDBLAD EXPEDITIONS, the cruise and expedition operator. Critically, BRESSLER's prior 3 sells at LIND (on 2025-08-05, 2025-08-22, and 2025-08-27) were all well-timed at the 90-day mark, with subsequent stock declines of -6.5%, -18.9%, and -19.3% respectively, indicating a pattern of selling ahead of downward price movements at this specific ticker. The current stock price of $16.23 is now 4.3% below the 52-week high and 5.0% below his transaction price of $17.07, suggesting he may have exited near a local peak. His cross-ticker track record also shows a 100.00% well-timed rate on 7 prior sells, though that historical accuracy does not guarantee predictive value for this filing.

Sell
291,825 shares
$4,620,124
Significance 7/10

Founder & CEO Benjamin Bressler sold 291,825 shares (92.6% of holdings) for $4.6M at blended $15.83 avg; stock now at $16.89.

Benjamin Bressler, Founder & CEO of NHA, executed two separate sales totaling 291,825 shares for $4,620,124.30, reducing his LIND holdings from 315,291 shares to 23,466 shares—a 92.6% reduction. The sales occurred at $15.03 on 2026-01-09 and $16.08 on 2026-01-12, with a blended average price of $15.83, while the stock currently trades at $16.89 (+0.0% from its 52-week high of $16.89). Notably, Bressler's prior 5 trades at LIND were uniformly well-timed at the 90-day mark, with each generating negative post-sale returns (ranging from -1.5% to -19.3%), indicating a consistent pattern of selling before subsequent declines. However, the company's latest fundamentals show annual revenue growth of +13.2% to $240,172,000.00, though the company was unprofitable on a full-year basis, creating tension between organic growth momentum and bottom-line profitability—a context that investors should monitor as the post-sale period unfolds.

August 2025
Sell
61,495 shares
$923,040
Significance 6/10

CEO Bressler sold 61.5K LIND shares (72.4% of holdings) at $15.01 on 2025-08-27; stock now $14.83 amid +41.2% 90-day rally.

Benjamin Bressler, Founder & CEO of a LIND affiliate, executed a substantial reduction in his LIND position, selling 61,495 shares at $15.01 for $923,039.95, leaving him with 23,466 shares post-transaction. This represents a -72.4% reduction in his holdings, the largest such stake reduction reflected in his recent same-ticker activity. The timing of this sale merits scrutiny: Bressler's prior trades at LIND over the last month show a pattern of selling (three times in early-to-mid August, once on July 23), yet his July 23 sale shows a 30d return of +14.0%, suggesting the stock continued climbing after that sale. The stock is now at $14.83, only -1.1% from its 52-week high of $15.00, having rallied +41.2% over the 90 days prior to his August 27 sale, matching the timeframe when insider selling activity intensified. Against this backdrop of accelerating insider dispositions during a strong price rally, investors should note that the underlying business remains unprofitable (net income of $-8,518,000.00 in the latest quarter) despite recent revenue growth of +13.2%, which may inform the divergence between price momentum and financial performance.

Sell
200,700 shares
$2,847,933
Significance 7/10

LIND Founder/CEO Bressler sells 200.7K shares (-89.5%) for $2.8M at $14.19 amid 22.6% 30d rally

Benjamin Bressler, Founder & CEO of Lindblad Expeditions, sold 200,700 shares on 2025-08-22 at $14.19, reducing his stake by 89.5% from 224,166 to 23,466 shares. The sale occurred after a 22.6% gain over 30 days and a 39.5% gain over 90 days, with the stock now trading at $14.94 (near its 52-week high of $14.94). Bressler's prior transaction at this ticker (2025-07-23 sell) showed a 30-day return of +14.0%, and his cross-ticker track record reflects three prior sells averaging +14.0% 30-day returns, indicating these sales have historically preceded further appreciation. Against this backdrop, the substantial liquidation of 89.5% of holdings during a period of strong upward momentum—combined with the company's unprofitable state (net income of $-8.5M on $167.9M revenue) and zero instance of well-timed sells across his record—suggests the sale may reflect operational liquidity needs rather than a directional signal about the stock.

Sell
167,494 shares
$2,185,797
Significance 6/10

Founder & CEO Benjamin Bressler sells 167,494 shares (87.7% of holdings) at $13.05; retains 23.5K shares post-transaction.

Benjamin Bressler, Founder & CEO of NHA, executed a substantial reduction of his Lindblad Expeditions position on 2025-08-05, disposing of 167,494 shares ($2.2M) and retaining only 23,466 shares—a 87.7% reduction in his stake. The company faces operational headwinds: despite +13.2% annual revenue growth to $167.9M, Lindblad remains unprofitable with $-8.5M net income over its most recent full fiscal year, and the market values the enterprise at $715.0M. The sale price of $13.05 sits 5.8% below the 52-week high of $13.86, placing the transaction near but not at a local peak. Bressler's cross-ticker track record shows only 2 prior sells across all holdings, making this a statistically rare event for this insider; same-ticker outcomes are not yet measurable.

Sell
167,494 shares
$2,185,797
Significance 6/10

Lindblad Expeditions CEO Benjamin Bressler sells 167,494 shares (87.7% of holdings) for $2,185,796.70 at $13.05 on 2025-08-05.

CEO Benjamin Bressler, founder of NHA, executed a substantial open-market sale of 167,494 shares on 2025-08-05, reducing his holdings from 190,960 shares to 23,466 shares—a reduction of 87.7% of his pre-transaction position. The sale occurred at $13.05 per share, which is -5.8% from the 52-week high of $13.86, as the stock has gained 27.3% over the prior 90 days and 3.0% over the prior 30 days. The company reported Revenue $167,945,000.00 and Net income $-8,518,000.00 in its latest quarter, with annual revenue growth of +13.2%, but remains unprofitable on a full-year basis. His cross-ticker track record shows 2 prior sells and no measurable outcomes yet at this ticker from his 2 prior LIND trades on 2025-08-05 and 2025-07-23.

July 2025
Sell
47,325 shares
$616,172
Significance 4/10

Lindblad CEO BRESSLER sold 47,325 shares at $13.02; remains 1.31M shareholder

BRESSLER, Lindblad's Founder & CEO, sold 47,325 shares for $616,171.50 at $13.02, reducing his stake by -3.5% to 1,310,460 shares. The transaction occurred near the 52-week high ($13.86), with the stock currently trading at $12.13—down 12.5% from peak but up 36.4% over the past 90 days. The company posted $179.7M in latest-quarter revenue (+13.2% annually) but remained unprofitable on a full-year basis, with net income of only $1.2M last quarter against continued full-year losses. The CEO retains substantial ownership (1.31M shares), so the sale reflects a modest portfolio adjustment rather than a broader exit; however, the timing near the 52-week high warrants investor attention to whether near-term momentum is slowing or whether the unprofitable cost structure is pressuring management confidence.

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