BISNOW MICHAEL ELLIOTT 4

What Happened

• Michael Elliott Bisnow, a director of Lindblad Expeditions Holdings, Inc. (LIND), sold 44,642 shares in an open-market transaction on June 17, 2026. The Form 4 reports a weighted-average sale price of $24.21, for a total proceeds value of approximately $1,080,952. The reported trade type is a sale (S).

Key Details

• Transaction date: 2026-06-17; Filing date: 2026-06-18 (filed the next day, which is timely).
• Price: weighted average $24.21; reported range $23.84 to $24.53 (see footnote F1).
• Shares sold: 44,642; Total proceeds: ~$1,080,952.
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Footnote: F1 states the Column 4 price is a weighted average and that the reporter can provide the breakdown of shares sold at each price on request.
• Transaction code: S (sale) — not an option exercise, gift, or award.

Context

• This was an open-market sale. Sales by insiders can be routine (e.g., diversification or liquidity) and do not by themselves indicate the insider’s view of the company. Purchases are generally considered more directly bullish; this filing documents a routine disposition of shares.