Lindblad Expeditions director Sven-Olof Lindblad sells $4.03M shares

Sven-Olof Lindblad, a 10% owner and director of Lindblad Expeditions Holdings, Inc., divested $4.03 million worth of common stock during two transactions in October 2026. The company's stock had been trading close to its 52-week high of $36.97, after a 188% increase in the previous year. The insider sale occurred under a Rule 10b5-1 trading plan, which Mr. Lindblad established on June 17, 2026.

On October 23, he sold 63,275 shares at an average price of $34.2 per share, while on October 26, he disposed of another 2,885 shares at an average price of $34.81 per share. On the same day, additional sales of 1,100 shares at $34.19 per share, 47,666 shares at $35.26 per share, and 1,203 shares at $35.71 per share were reported.

After these transactions, Mr. Lindblad still holds 10,167,399 shares of the company's stock. Lindblad Expeditions Holdings reported strong second-quarter 2026 results, with revenue increasing 18.6% to $199.25 million, and an adjusted loss of $0.02 per share, beating expectations. The company also acquired a 60% stake in White Desert and Echo Charlie for around $61 million. Analysts have mixed opinions on the company's future, with ratings ranging from Buy to Hold.