FAHEY JOHN M JR 4

What Happened
John M. Fahey Jr, a director of Lindblad Expeditions Holdings, reported the sale of 7,768 shares on 2026-03-10. The Form 4 lists a weighted-average sale price of $17.66 per share, for total proceeds of approximately $137,193. The transaction is reported under sale code "S" (open-market or private sale).

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-11 (timely filing).
• Shares sold: 7,768; weighted-average price: $17.66; estimated proceeds: ~$137,193.
• Execution price range: $17.52 to $17.77 (multiple trades; see footnote F1).
• Shares owned after transaction: not specified in the provided excerpt.
• Footnote (F1): reported price is a weighted average; the reporting person can provide a breakdown of how many shares were sold at each price in the stated range on request.
• No indication in this filing of an options exercise, 10b5-1 plan, gift, or tax-withholding shares.

Context
This is a director sale, which is common and does not by itself indicate management’s view of the company. Purchases generally carry more weight as a bullish signal; sales can be routine (liquidity, diversification, taxes). Consider this trade alongside other insider filings and Lindblad’s fundamentals before drawing investment conclusions.