SEC Form SC 13G/A filed by Lindblad Expeditions Holdings Inc. (Amendment)

8/10/23 8:19:47 AM ET

Transportation Services

Consumer Discretionary

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SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.3 LINDBLAD EXPEDITIONS HOLDINGS COMMON STOCK Cusip #535219109 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #535219109 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 1,823,678 Item 6: 0 Item 7: 1,824,998 Item 8: 0 Item 9: 1,824,998 Item 11: 3.422% Item 12: HC Cusip #535219109 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 1,824,998 Item 8: 0 Item 9: 1,824,998 Item 11: 3.422% Item 12: IN Item 1(a). Name of Issuer: LINDBLAD EXPEDITIONS HOLDINGS Item 1(b). Address of Issuer's Principal Executive Offices: 96 MORTON STREET, 9TH FLOOR NEW YORK, NY 10014 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 535219109 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 1,824,998 (b) Percent of Class: 3.422% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 1,824,998 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of LINDBLAD EXPEDITIONS HOLDINGS. No one other person's interest in the COMMON STOCK of LINDBLAD EXPEDITIONS HOLDINGS is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 9, 2023 Date /s/ Richard Bourgelas Signature Richard Bourgelas Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on August 8, 2023, accession number: 0000315066-23-002397. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification Fidelity Management & Research Company LLC IA Strategic Advisers LLC IA Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on August 9, 2023, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of LINDBLAD EXPEDITIONS HOLDINGS at July 31, 2023. FMR LLC By /s/ Richard Bourgelas Richard Bourgelas Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Richard Bourgelas Richard Bourgelas Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of Abigail P. Johnson* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on August 8, 2023, accession number: 0000315066-23-002397

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Recent Analyst Ratings for

$LIND

Date	Price Target	Rating	Analyst
11/10/2023	$12.00	Buy	B. Riley Securities
11/3/2022		Mkt Perform → Outperform	William Blair
4/22/2022	$20.00	Outperform	Oppenheimer
2/23/2022	$24.00 → $23.00	Buy	Stifel
2/23/2022	$17.00 → $16.00	Hold	Deutsche Bank
12/9/2021		Market Perform	William Blair
7/23/2021	$17.00	Hold → Buy	Craig Hallum

More analyst ratings

SEC Form SC 13G/A filed by Lindblad Expeditions Holdings Inc. (Amendment)

8/10/23 8:19:47 AM ET

$LIND

Transportation Services

Consumer Discretionary

Get the next $LIND alert in real time by email

Recent Analyst Ratings for

$LIND

Date	Price Target	Rating	Analyst
11/10/2023	$12.00	Buy	B. Riley Securities
11/3/2022		Mkt Perform → Outperform	William Blair
4/22/2022	$20.00	Outperform	Oppenheimer
2/23/2022	$24.00 → $23.00	Buy	Stifel
2/23/2022	$17.00 → $16.00	Hold	Deutsche Bank
12/9/2021		Market Perform	William Blair
7/23/2021	$17.00	Hold → Buy	Craig Hallum

More analyst ratings

SEC Form SC 13G/A filed by Lindblad Expeditions Holdings Inc. (Amendment)

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SEC Form SC 13G/A filed by Lindblad Expeditions Holdings Inc. (Amendment)

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Press Releases

Lindblad Expeditions Holdings, Inc. Announces Pricing of Tender Offer for any and all of the 6.750% Senior Secured Notes due 2027 issued by Lindblad Expeditions, LLC

Lindblad Expeditions Holdings, Inc. Announces Early Results of Cash Tender Offer and Consent Solicitation for any and all of the 6.750% Senior Secured Notes due 2027 issued by Lindblad Expeditions, LLC

Lindblad Expeditions Holdings, Inc. Announces Upsize and Pricing of Private Offering of Senior Secured Notes

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SEC Filings

Lindblad Expeditions Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Other Events, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

Lindblad Expeditions Holdings Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

SEC Form 10-Q filed by Lindblad Expeditions Holdings Inc.

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Analyst Ratings

B. Riley Securities initiated coverage on Lindblad Expeditions with a new price target

Lindblad Expeditions upgraded by William Blair

Oppenheimer initiated coverage on Lindblad Expeditions with a new price target

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Insider Trading

*Founder & CEO of NHA Bressler Benjamin exercised 21,686 shares at a strike of $8.44 and sold $304,230 worth of shares (21,686 units at $14.03) (SEC Form 4)

Director Reynolds Catherine B was granted 8,899 units of Restricted Stock, increasing direct ownership by 12% to 82,253 units (SEC Form 4)

Director Stuart Andrew was granted 8,899 units of Restricted Stock, increasing direct ownership by 61% to 23,546 units (SEC Form 4)

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Insider Purchases

Director Schultz Alex P bought $282,469 worth of shares (27,553 units at $10.25), increasing direct ownership by 9% to 329,607 units (SEC Form 4)

Director Schultz Alex P bought $445,245 worth of shares (55,106 units at $8.08), increasing direct ownership by 22% to 302,054 units (SEC Form 4)

CEO Lindblad Sven-Olof bought $255,288 worth of shares (32,117 units at $7.95), increasing direct ownership by 0.27% to 11,825,063 units (SEC Form 4)

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Leadership Updates

LINDBLAD EXPEDITIONS SIGNS MULTI-YEAR CHARTER DEAL WITH TRANSCEND CRUISES TO LAUNCH EUROPEAN RIVER EXPEDITIONS

LINDBLAD EXPEDITIONS HOLDINGS, INC. APPOINTS NATALYA LEAHY AS CEO, RICK GOLDBERG AS CFO

LINDBLAD EXPEDITIONS HOLDINGS, INC. APPOINTS ANNETTE REAVIS AND ANDY STUART TO ITS BOARD OF DIRECTORS

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Financials

Lindblad Expeditions Holdings, Inc. Reports 2025 Second Quarter Financial Results

LINDBLAD EXPEDITIONS HOLDINGS, INC. TO REPORT 2025 SECOND QUARTER FINANCIAL RESULTS ON AUGUST 4, 2025

Lindblad Expeditions Holdings, Inc. Reports 2025 First Quarter Financial Results

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Large Ownership Changes

Amendment: SEC Form SC 13D/A filed by Lindblad Expeditions Holdings Inc.