Founder Sven-Olof Lindblad Notices Sale of 1.5M Shares (~$53M)
LIND has more than doubled off its 52-week low of $11.369.
Summary
Founder and co-chairman Sven-Olof Lindblad filed notice to sell 1.5 million shares (~$53.2M) under a 10b5-1 plan adopted in June; no shares have been sold yet.
Key Events · Ownership and Investor Activity · LIND
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Founder Notices 1.5M-Share Sale
Sven-Olof Lindblad, founder, co-chairman and 10% shareholder, filed a Form 144 to sell 1,500,000 shares with an approximate market value of $53,205,000.
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Sale Runs Through Revocable Trust
The shares will be sold by The Sven-Olof Lindblad Revocable Trust, with J.P. Morgan Securities acting as broker, today or within three months of the 2026-10-16 filing.
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Pre-Set 10b5-1 Plan
The sale is under a Rule 10b5-1 plan adopted 2026-06-17, so the decision timing was scheduled in advance rather than driven by current events.
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No Recent Insider Sales
The filing reports no securities sold by this holder in the past three months, making this the first noticed disposition in that window.
Analysis · LIND · Energy & Transportation
Sven-Olof Lindblad — founder, co-chairman and a 10% shareholder — filed notice to sell 1,500,000 shares worth roughly $53.2 million at today's $34.55 price. That is a large block for a company of this size and comes from the person most identified with Lindblad, so it carries more weight than a routine fund rebalancing. The sale is under a Rule 10b5-1 plan adopted 2026-06-17, which means the timing was pre-set and is not a reaction to current news; the shares are held through his revocable trust and no sales were made in the prior three months. The filing is a notice of intent, not a completed sale — the shares may be sold today or within three months, so the actual pace and pricing are not yet known.
How filings like this one have moved
In the 30 days to Oct 16, 2026, 29.5% of the 1476 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LIND was trading at $34.55 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $11.37 to $36.97. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.