LINDBLAD EXPEDITIONS HOLDINGS, INC. 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS   Recent Sales by the Company of Unregistered Securities   There were no unregistered sales of equity securities during the quarter ended June 30, 2023.   Stock Repurchase Plan   Our Board of Directors approved a stock and warrant repurchase plan (“Repurchase Plan”) in November 2015 and increased the Repurchase Plan to $35.0 million in November 2016. The Repurchase Plan authorizes us to purchase from time to time our outstanding common stock and our previously outstanding warrants. Any shares and warrants purchased will be retired. The Repurchase Plan has no time deadline and will continue until otherwise modified or terminated at the sole discretion of our Board of Directors. These repurchases exclude shares repurchased to settle statutory employee tax withholding related to the exercise of stock options and vesting of stock awards. We have cumulatively repurchased 875,218 shares of common stock for $8.3 million and 6,011,926 warrants for $14.7 million, since plan inception. All repurchases were made using cash resources. The balance for the Repurchase Plan was $12.0 million as of June 30, 2023.    30     Repurchases of Securities   The following table represents information with respect to shares of common stock withheld from vesting's of stock-based compensation awards for employee income tax withholding for the periods indicated:   Period   Total number of shares purchased     Average price paid per share     Dollar value of shares purchased as part of publicly announced plans or programs     Maximum dollar value of warrants and shares that may be purchased under approved plans or programs   April 1 through April 30, 2023     4,194     $ 9.56     $ -     $ 11,974,787   May 1 through May 31, 2023     2,746       9.48       -       11,974,787   June 1 through June 30, 2023     4,601       10.30       -       11,974,787   Total     11,541             $ -             ITEM 3. DEFAULTS UPON SENIOR SECURITIES   Not applicable.   ITEM 4. MINE SAFETY DISCLOSURES   Not applicable.