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[Form 4] Orchid Island Capital, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Orchid Island Capital, Inc. (ORC) � Form 4 filing dated 26 June 2025

Chief Executive Officer and Director Robert E. Cauley reported routine equity-compensation activity. A total of 4,644 common shares were issued upon vesting of performance units granted in 2022-2024 under the company’s equity incentive plans (transaction code M). To satisfy related tax-withholding obligations, 993 shares were automatically surrendered to the issuer at the 25 June 2025 closing price of $7.01 (transaction code F). Net of withholding, Cauley’s direct ownership increased by 3,651 shares to 141,602 shares.

The derivative table shows the exercise of 4,644.26 performance units, leaving 19,881.1 performance units outstanding. No open-market purchases or sales occurred, and cash was only used to settle fractional shares. The filing does not disclose any changes to company fundamentals or strategic plans.

Orchid Island Capital, Inc. (ORC) � Comunicazione Form 4 del 26 giugno 2025

Il Chief Executive Officer e Direttore Robert E. Cauley ha riportato un'attività ordinaria legata alla compensazione azionaria. Sono state emesse un totale di 4.644 azioni ordinarie in seguito al vesting di unità di performance concesse tra il 2022 e il 2024 nell'ambito dei piani di incentivazione azionaria della società (codice transazione M). Per adempiere agli obblighi fiscali correlati, 993 azioni sono state automaticamente restituite all'emittente al prezzo di chiusura del 25 giugno 2025, pari a 7,01 $ (codice transazione F). Al netto delle ritenute, la proprietà diretta di Cauley è aumentata di 3.651 azioni, raggiungendo un totale di 141.602 azioni.

La tabella dei derivati mostra l'esercizio di 4.644,26 unità di performance, lasciandone 19.881,1 ancora in essere. Non sono state effettuate compravendite sul mercato aperto, e il denaro è stato utilizzato solo per regolare le azioni frazionarie. La comunicazione non rivela modifiche ai fondamentali aziendali o ai piani strategici.

Orchid Island Capital, Inc. (ORC) � Presentación del Formulario 4 fechada el 26 de junio de 2025

El Director Ejecutivo y Director Robert E. Cauley informó sobre una actividad rutinaria relacionada con la compensación en acciones. Se emitieron un total de 4.644 acciones comunes tras la consolidación de unidades de desempeño otorgadas entre 2022 y 2024 bajo los planes de incentivos accionarios de la compañía (código de transacción M). Para cumplir con las obligaciones fiscales relacionadas, 993 acciones fueron automáticamente entregadas al emisor al precio de cierre del 25 de junio de 2025, de $7.01 (código de transacción F). Después de las retenciones, la propiedad directa de Cauley aumentó en 3.651 acciones, alcanzando un total de 141.602 acciones.

La tabla de derivados muestra el ejercicio de 4.644,26 unidades de desempeño, dejando 19.881,1 unidades pendientes. No se realizaron compras ni ventas en el mercado abierto, y el efectivo solo se utilizó para liquidar acciones fraccionarias. La presentación no revela cambios en los fundamentos o planes estratégicos de la empresa.

Orchid Island Capital, Inc. (ORC) � 2025� 6� 26일자 Form 4 제출

최고경영� � 이사 Robert E. Cauley가 일상적인 주식 보상 활동� 보고했습니다. 회사� 주식 인센티브 계획� 따라 2022년부� 2024년까지 부여된 성과 단위가 만료되어 � 4,644 보통�가 발행되었습니�(거래 코드 M). 관� 세금 원천징수 의무� 충족하기 위해 993�가 2025� 6� 25� 종가� $7.01� 발행사에 자동으로 반환되었습니�(거래 코드 F). 원천징수 � Cauley� 직접 소유 주식은 3,651� 증가하여 � 141,602�가 되었습니�.

파생상품 표에� 4,644.26 성과 단위� 행사 내역� 나타� 있으�, 아직 19,881.1 단위가 남아 있습니다. 공개 시장에서� 매매� 없었으며, 현금은 소수 주식 결제에만 사용되었습니�. 제출 서류에는 회사� 기본 사항이나 전략 계획 변� 사항� 포함되어 있지 않습니다.

Orchid Island Capital, Inc. (ORC) � Dépôt du formulaire 4 daté du 26 juin 2025

Le Directeur Général et Administrateur Robert E. Cauley a rapporté une activité courante liée à la rémunération en actions. Un total de 4 644 actions ordinaires ont été émises suite à l'acquisition d'unités de performance attribuées entre 2022 et 2024 dans le cadre des plans d'incitation en actions de la société (code transaction M). Pour satisfaire aux obligations fiscales associées, 993 actions ont été automatiquement remises à l'émetteur au cours de clôture du 25 juin 2025 de 7,01 $ (code transaction F). Après retenue, la détention directe de Cauley a augmenté de 3 651 actions pour atteindre 141 602 actions.

Le tableau des dérivés montre l'exercice de 4 644,26 unités de performance, laissant 19 881,1 unités de performance en circulation. Aucun achat ou vente sur le marché ouvert n'a eu lieu, et des liquidités ont uniquement été utilisées pour régler les actions fractionnaires. Le dépôt ne révèle aucun changement dans les fondamentaux ou les plans stratégiques de l'entreprise.

Orchid Island Capital, Inc. (ORC) � Form 4 Einreichung vom 26. Juni 2025

Chief Executive Officer und Direktor Robert E. Cauley meldete routinemäßige Aktienvergütungsaktivitäten. Insgesamt wurden 4.644 Stammaktien ausgegeben, nachdem Performance-Einheiten aus den Jahren 2022 bis 2024 im Rahmen der Aktienanreizprogramme des Unternehmens fällig wurden (Transaktionscode M). Zur Erfüllung der damit verbundenen Steuerabzugsverpflichtungen wurden 993 Aktien automatisch zum Schlusskurs vom 25. Juni 2025 von 7,01 $ an den Emittenten zurückgegeben (Transaktionscode F). Nach Abzug der Steuern erhöhte sich Cauleys Direktbesitz um 3.651 Aktien auf 141.602 Aktien.

Die Derivatetabelle zeigt die Ausübung von 4.644,26 Performance-Einheiten, wobei noch 19.881,1 Performance-Einheiten ausstehen. Es fanden keine Käufe oder Verkäufe am offenen Markt statt, und Bargeld wurde nur zur Begleichung von Bruchteilsaktien verwendet. Die Einreichung enthält keine Angaben zu Änderungen der Unternehmensgrundlagen oder strategischen Pläne.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine vesting; CEO net +3,651 shares; no market sale—minimal strategic signal.

The Form 4 reflects standard equity-award vesting under ORC’s long-term incentive plans. Although the CEO’s direct stake grows by roughly 2.6%, the acquisition stems from plan mechanics rather than discretionary buying. The automatic share surrender for taxes (code F) is neutral and avoids open-market pressure. With fewer than 1 million average daily shares traded, the 993-share withholding is immaterial. Investors should view the filing as administrative, not indicative of management’s outlook.

TL;DR: Administrative equity vest; negligible portfolio impact; no change to investment thesis.

Comp-plan conversions add a modest 3,651 shares to insider ownership—insufficient to influence float or signal conviction. The absence of open-market buying or selling keeps sentiment neutral. Given ORC’s REIT structure and dividend-driven valuation, the event does not affect cash flow, leverage, or dividend safety, and therefore is not impactful for position sizing decisions.

Orchid Island Capital, Inc. (ORC) � Comunicazione Form 4 del 26 giugno 2025

Il Chief Executive Officer e Direttore Robert E. Cauley ha riportato un'attività ordinaria legata alla compensazione azionaria. Sono state emesse un totale di 4.644 azioni ordinarie in seguito al vesting di unità di performance concesse tra il 2022 e il 2024 nell'ambito dei piani di incentivazione azionaria della società (codice transazione M). Per adempiere agli obblighi fiscali correlati, 993 azioni sono state automaticamente restituite all'emittente al prezzo di chiusura del 25 giugno 2025, pari a 7,01 $ (codice transazione F). Al netto delle ritenute, la proprietà diretta di Cauley è aumentata di 3.651 azioni, raggiungendo un totale di 141.602 azioni.

La tabella dei derivati mostra l'esercizio di 4.644,26 unità di performance, lasciandone 19.881,1 ancora in essere. Non sono state effettuate compravendite sul mercato aperto, e il denaro è stato utilizzato solo per regolare le azioni frazionarie. La comunicazione non rivela modifiche ai fondamentali aziendali o ai piani strategici.

Orchid Island Capital, Inc. (ORC) � Presentación del Formulario 4 fechada el 26 de junio de 2025

El Director Ejecutivo y Director Robert E. Cauley informó sobre una actividad rutinaria relacionada con la compensación en acciones. Se emitieron un total de 4.644 acciones comunes tras la consolidación de unidades de desempeño otorgadas entre 2022 y 2024 bajo los planes de incentivos accionarios de la compañía (código de transacción M). Para cumplir con las obligaciones fiscales relacionadas, 993 acciones fueron automáticamente entregadas al emisor al precio de cierre del 25 de junio de 2025, de $7.01 (código de transacción F). Después de las retenciones, la propiedad directa de Cauley aumentó en 3.651 acciones, alcanzando un total de 141.602 acciones.

La tabla de derivados muestra el ejercicio de 4.644,26 unidades de desempeño, dejando 19.881,1 unidades pendientes. No se realizaron compras ni ventas en el mercado abierto, y el efectivo solo se utilizó para liquidar acciones fraccionarias. La presentación no revela cambios en los fundamentos o planes estratégicos de la empresa.

Orchid Island Capital, Inc. (ORC) � 2025� 6� 26일자 Form 4 제출

최고경영� � 이사 Robert E. Cauley가 일상적인 주식 보상 활동� 보고했습니다. 회사� 주식 인센티브 계획� 따라 2022년부� 2024년까지 부여된 성과 단위가 만료되어 � 4,644 보통�가 발행되었습니�(거래 코드 M). 관� 세금 원천징수 의무� 충족하기 위해 993�가 2025� 6� 25� 종가� $7.01� 발행사에 자동으로 반환되었습니�(거래 코드 F). 원천징수 � Cauley� 직접 소유 주식은 3,651� 증가하여 � 141,602�가 되었습니�.

파생상품 표에� 4,644.26 성과 단위� 행사 내역� 나타� 있으�, 아직 19,881.1 단위가 남아 있습니다. 공개 시장에서� 매매� 없었으며, 현금은 소수 주식 결제에만 사용되었습니�. 제출 서류에는 회사� 기본 사항이나 전략 계획 변� 사항� 포함되어 있지 않습니다.

Orchid Island Capital, Inc. (ORC) � Dépôt du formulaire 4 daté du 26 juin 2025

Le Directeur Général et Administrateur Robert E. Cauley a rapporté une activité courante liée à la rémunération en actions. Un total de 4 644 actions ordinaires ont été émises suite à l'acquisition d'unités de performance attribuées entre 2022 et 2024 dans le cadre des plans d'incitation en actions de la société (code transaction M). Pour satisfaire aux obligations fiscales associées, 993 actions ont été automatiquement remises à l'émetteur au cours de clôture du 25 juin 2025 de 7,01 $ (code transaction F). Après retenue, la détention directe de Cauley a augmenté de 3 651 actions pour atteindre 141 602 actions.

Le tableau des dérivés montre l'exercice de 4 644,26 unités de performance, laissant 19 881,1 unités de performance en circulation. Aucun achat ou vente sur le marché ouvert n'a eu lieu, et des liquidités ont uniquement été utilisées pour régler les actions fractionnaires. Le dépôt ne révèle aucun changement dans les fondamentaux ou les plans stratégiques de l'entreprise.

Orchid Island Capital, Inc. (ORC) � Form 4 Einreichung vom 26. Juni 2025

Chief Executive Officer und Direktor Robert E. Cauley meldete routinemäßige Aktienvergütungsaktivitäten. Insgesamt wurden 4.644 Stammaktien ausgegeben, nachdem Performance-Einheiten aus den Jahren 2022 bis 2024 im Rahmen der Aktienanreizprogramme des Unternehmens fällig wurden (Transaktionscode M). Zur Erfüllung der damit verbundenen Steuerabzugsverpflichtungen wurden 993 Aktien automatisch zum Schlusskurs vom 25. Juni 2025 von 7,01 $ an den Emittenten zurückgegeben (Transaktionscode F). Nach Abzug der Steuern erhöhte sich Cauleys Direktbesitz um 3.651 Aktien auf 141.602 Aktien.

Die Derivatetabelle zeigt die Ausübung von 4.644,26 Performance-Einheiten, wobei noch 19.881,1 Performance-Einheiten ausstehen. Es fanden keine Käufe oder Verkäufe am offenen Markt statt, und Bargeld wurde nur zur Begleichung von Bruchteilsaktien verwendet. Die Einreichung enthält keine Angaben zu Änderungen der Unternehmensgrundlagen oder strategischen Pläne.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cauley Robert E

(Last) (First) (Middle)
3305 FLAMINGO DRIVE

(Street)
VERO BEACH FL 32963

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Orchid Island Capital, Inc. [ ORC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/26/2025 M 4,644(1) A $0 142,595 D
Common Stock 06/26/2025 F 993(2) D $7.01(3) 141,602 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Units (1) 06/26/2025 M 4,644.26 (1) (1) Common Stock 4,644.26 $0 19,881.1 D
Explanation of Responses:
1. These shares represent 950 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 28, 2022 pursuant to the Issuer's 2021 Equity Incentive Plan and 2021 Long Term Equity Incentive Compensation Plan, 2,418 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on April 13, 2023 pursuant to the Issuer's 2021 Equity Incentive Plan and 2022 Long Term Equity Incentive Compensation Plan, and 1,276 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 19, 2024 pursuant to the Issuer's 2021 Equity Incentive Plan and 2023 Long Term Equity Incentive Compensation Plan. Cash was paid in lieu of issuing fractional shares based on the closing price of the Company's common stock on June 25, 2025.
2. The Reporting Person disposed of these shares of the Company's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of shares.
3. This price represents the closing price of the Issuer's common stock on June 25, 2025.
/s/ Robert E. Cauley 06/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many ORC shares did CEO Robert E. Cauley acquire on 26 June 2025?

4,644 shares were issued upon vesting of performance units.

Why were 993 ORC shares disposed of by the CEO?

They were withheld by the issuer to cover tax-withholding obligations tied to the vesting event.

What was the reference price used for the tax-withholding shares?

The shares were valued at the $7.01 closing price on 25 June 2025.

Did the CEO make any open-market purchases or sales of ORC stock?

No, all transactions were plan-related; there were no open-market trades.

How many ORC shares does the CEO own after the transactions?

141,602 common shares are held directly following the reported activity.
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849.69M
120.98M
0.22%
30.43%
4.95%
REIT - Mortgage
AG˹ٷ Estate Investment Trusts
United States
VERO BEACH