How many ORIX share-based compensation points were involved in this Form 4?

The Form 4 reports 2,000 share-based compensation points as the latest transaction. Each point corresponds to one share of Common Stock, and this adjustment brings the total reported balance of these share-based compensation points to 4,000 following the transaction.

How are the ORIX (IX) share-based compensation points held for Seki Miwa?

The share-based compensation points are held indirectly through a Board Incentive Plan Trust. The filing lists ownership type as indirect, with the nature of ownership described as “By Board Incentive Plan Trust,” rather than directly in the director’s own name.

What rights do the ORIX share-based compensation points give to Seki Miwa?

Each point gives the right to receive one share of ORIX Common Stock. According to the footnotes, these derivative securities are part of a share-based compensation program that entitles the reporting person to receive the stated amount of Common Stock upon retirement.

ORIX director granted 2,000 share units

ORIX Corporation director Seki Miwa reported a share-based compensation adjustment through a board incentive plan trust.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

ORIX Corporation director Seki Miwa reported a share-based compensation adjustment through a board incentive plan trust. The filing shows 2,000 share-based compensation points, each representing a right to receive one share of Common Stock, recorded as an “other” derivative transaction. These points are held indirectly by a Board Incentive Plan Trust under ORIX’s share-based compensation program and entitle the director to receive the stated amount of Common Stock upon retirement. Following this transaction, the total reported balance of these share-based compensation points is 4,000.

Insider Trade Summary

Other: 2,000 shares

Other 1 txn

Insider Seki Miwa

Role Director

Type	Security	Shares	Price	Value
Other	Share-based Compensation Points	2,000	$0.00	$0.00

Holdings After Transaction: Share-based Compensation Points — 4,000 contracts (Indirect, By Board Incentive Plan Trust)

Footnotes (2)

F1. Each point represents a right to receive one share of Common Stock.
F2. The reported derivative securities represent share-based compensation granted under ORIX Corporation's share-based compensation program, which entitles the Reporting Person to receive the stated amount of Common Stock upon retirement.

Key Figures

Share-based compensation points transacted: 2,000 points Points after transaction: 4,000 points Underlying Common Stock: 2,000 shares +1 more

4 metrics

Share-based compensation points transacted 2,000 points Other derivative transaction on 2026-06-23

Points after transaction 4,000 points Total share-based compensation points following transaction

Underlying Common Stock 2,000 shares Each point represents one share of Common Stock

Restructuring shares 2,000 Classified as restructuring shares in transaction summary

Key Terms

Share-based Compensation Points, Board Incentive Plan Trust, share-based compensation program, derivative securities

4 terms

Board Incentive Plan Trust financial

"Nature of ownership is described as "By Board Incentive Plan Trust" for this holding."

derivative securities financial

"The footnotes describe the reported derivative securities as part of share-based compensation."

Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did ORIX (IX) director Seki Miwa report?

Director Seki Miwa reported an “other” derivative transaction involving 2,000 share-based compensation points. Each point represents a right to receive one share of ORIX Common Stock, recorded as part of the company’s share-based compensation program through a Board Incentive Plan Trust.

Is this ORIX Form 4 a buy or sell of Common Stock shares?

This Form 4 does not report a traditional open-market buy or sell of Common Stock. It records an “other” derivative transaction under code J, classified as share-based compensation points within ORIX’s program, rather than a direct purchase or sale in the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/25/2026 - 06:30 AM EDT

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^*

Seki Miwa

(Last)

(First)

(Middle)

WORLD TRADE CENTER BUILDING, SOUTH TOWER

2-4-1 HAMAMATSU-CHO, MINATO-KU

(Street)

TOKYO

JAPAN

105-5135

(City)

(State)

(Zip)

JAPAN

(Country)

2. Issuer Name and Ticker or Trading Symbol
ORIX CORP [ IX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol
[TSE: 8591]

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Share-based Compensation Points	⁽¹⁾	06/23/2026		J		2,000		⁽²⁾	⁽²⁾	Common Stock	2,000	$0	4,000	I	By Board Incentive Plan Trust

Explanation of Responses:

1. Each point represents a right to receive one share of Common Stock.

2. The reported derivative securities represent share-based compensation granted under ORIX Corporation's share-based compensation program, which entitles the Reporting Person to receive the stated amount of Common Stock upon retirement.

	/s/ Tomohiko Ishihara as Attorney-in-Fact for Miwa Seki	06/25/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR