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.