X0306 4 2020-03-29 0 0001512499 LINDBLAD EXPEDITIONS HOLDINGS, INC. LIND 0001674494 AUERBACH PHILIP C/O LINDBLAD EXPEDITIONS HOLDING, INC. 96 MORTON STREET, 9TH FLOOR NEW YORK NY 10014 0 1 0 0 Chief Commercial Officer Common Stock 2020-03-29 4 M 0 4503 0 A 78884 D Common Stock 2020-03-29 4 F 0 1769 5.03 D 77115 D Common Stock 2020-03-30 4 M 0 6492 0 A 83607 D Common Stock 2020-03-30 4 F 0 2550 4.28 D 81057 D Restricted Stock Units 2020-03-30 4 M 0 6492 0 D Common Stock 6492 6491 D Restricted Stock Units Common Stock 7440 7440 D Restricted Stock Units 2020-03-29 4 M 0 4503 0 D Common Stock 4503 9005 D Upon vesting, each restricted stock unit represents a contingent right to receive one share of common stock or an equivalent amount of cash. The restricted stock units vest in three annual installments beginning March 30, 2019, subject to the Reporting Person's continued employment or service with the Company or its subsidiaries on the applicable vesting date. The restricted stock units vest in three annual installments beginning April 3, 2018, subject to the Reporting Person's continued employment or service with the Company or its subsidiaries on the applicable vesting date. The restricted stock units vest in three annual installments beginning March 29, 2020, subject to the Reporting Person's continued employment or service with the Company or its subsidiaries on the applicable vesting date. /s/ John J. Wolfel, Attorney-in-Fact for Philip Auerbach 2020-04-01