Lindblad Sven-Olof 4

What Happened
Sven‑Olof Lindblad, a reported 10% owner of Lindblad Expeditions Holdings, sold a total of 183,639 shares in two open‑market transactions on January 29–30, 2026. On Jan 29 he sold 105,356 shares (weighted‑avg price reported $16.84) for about $1,774,248; on Jan 30 he sold 78,283 shares (weighted‑avg price reported $16.66) for about $1,304,148. Combined proceeds were approximately $3,078,396. These were sales (not purchases) executed pursuant to Rule 10b5‑1 trading plans.

Key Details

• Transaction dates and prices:
  • 2026-01-29: 105,356 shares, weighted‑avg $16.84 (actual prices ranged $16.50–$17.05), proceeds ~$1,774,248. (Footnote F1)
  • 2026-01-30: 78,283 shares, weighted‑avg $16.66 (actual prices ranged $16.42–$16.82), proceeds ~$1,304,148. (Footnote F2)
  • Total: 183,639 shares sold for ~ $3,078,396.
• Shares owned after the transactions: not disclosed in the provided excerpt (see the full Form 4 for Column 10 / beneficial ownership).
• Footnotes: Both sales were made pursuant to Rule 10b5‑1 trading plans; reported prices are weighted averages and the filer offers to provide a per‑price breakdown on request.
• Filing: Form 4 filed Feb 2, 2026 covering Jan 29–30 transactions; filing appears timely (within the normal two business‑day Form 4 window).
• Transaction code: S = Sale.

Context
As a 10% owner, Lindblad is a principal shareholder rather than necessarily an executive; trades under prearranged 10b5‑1 plans are commonly used to systematically sell holdings and are not by themselves evidence of a change in insider sentiment. Sales are generally less informative about future company performance than purchases; this filing documents routine, preplanned disposals rather than option exercises, gifts, or new awards.