Lindblad amends NatHab stockholder agreement to perpetual put; extends Bressler employment to 2028

LINDBLAD EXPEDITIONS HOLDINGS, INC.

Replaces 2026 put right with perpetual annual put right for Bressler's ~9.9% NatHab stake at 7x EBITDA formula.
Employment through Dec 31, 2028; bonus pool = 5% of NatHab net profits, excluding Managed Businesses.
Bressler gets option awards (Parent common stock) triggered by future put/call exercises.
2022 Note of $9.27M included in cash for put-call calculations; EBITDA excludes income from that note.
Managed Businesses (DuVine, Off the Beaten Path, Classic Journeys) excluded from net profits and consolidated for put-call.

item 1.01item 5.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.