---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-011846"
form_type: "8-K"
ticker: "LIND"
cik: "0001512499"
company_name: "LINDBLAD EXPEDITIONS HOLDINGS, INC."
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:21:22.076965+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Lindblad Expeditions buys 194 Natural Habitat shares from founder Ben Bressler for $15.2M

## Summary
- Purchased 194 shares of Natural Habitat from founder Ben Bressler for $15,171,664.
- Bressler's noncontrolling interest in Natural Habitat reduced from 19.9% to 9.9% after the sale.
- Transaction executed pursuant to Bressler's exercise of the First Put Right under the 2016 Stockholders Agreement.
- Put/call arrangement remains in place for the remaining 9.9% interest held by Bressler.

## SEC filing metadata
- accession: 0001437749-24-011846
- form_type: 8-K
- ticker: LIND
- cik: 0001512499
- company_name: LINDBLAD EXPEDITIONS HOLDINGS, INC.
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512499/000143774924011846/0001437749-24-011846-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512499/000143774924011846/lindb20240403_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-011846
- JSON: https://secwatch.observer/filing/0001437749-24-011846.json
- Plain text: https://secwatch.observer/filing/0001437749-24-011846.txt

## Key facts
- Material Agreements
  LINDBLAD EXPEDITIONS HOLDINGS, INC. entered into Transfer Agreement with Ben Bressler valued at $15,171,664 (effective 2024-04-10).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Ben Bressler
  - Value: $15,171,664
  - Effective: 2024-04-10
  source text: On April 10, 2024, Lindblad Expeditions Holdings, Inc., a Delaware corporation (the “Company”), entered into a Transfer Agreement with its subsidiary, Natural Habitat, Inc. (“Natural Habitat”), and Ben Bressler, founder of Natural Habitat, pursuant to which the Company purchased 194 shares of Natural Habitat (the “Shares”) from Mr. Bressler for $15,171,664 (the “Transfer Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512499/000143774924011846/0001437749-24-011846-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.