Orchid Island Capital CEO receives 1,276 shares

The CEO's reported post-transaction holdings were 228,260 common shares and 125,719.28 Performance Units.

Available on EDGAR 09/25/2026 - 04:56 PM EDT Accepted by SEC EDGAR 09/25/2026 - 04:55 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Orchid Island Capital, Inc. (ORC) Chief Executive Officer and director Robert E. Cauley reported vesting 1,276.1 Performance Units on September 25, 2026, resulting in the issuance of 1,276 common shares. Cash was paid in lieu of issuing fractional shares, based on the common stock’s closing price on September 24, 2026. Following the transaction, his reported holdings were 125,719.28 Performance Units and 228,260 common shares.

Insider Trade Summary

1,276.1 shares exercised/converted

Exercise 2 txns

Insider Cauley Robert E

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Performance Units F1	1,276.1	$0.00	$0.00
Exercise	Common Stock F1	1,276	$0.00	$0.00

Holdings After Transaction: Performance Units — 125,719.28 units (Direct); Common Stock — 228,260 shares (Direct)

Holdings Before and After: Performance Units, 126,995.38 to 125,719.28 units (Direct); Common Stock, 226,984 to 228,260 shares (Direct)

Footnotes (1)

1. F1. These shares represent 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 September 24, 2026.

Key Figures

Performance Units vested: 1,276.1 Performance Units Common shares issued: 1,276 shares Performance Units following transaction: 125,719.28 Performance Units +1 more

4 metrics

Performance Units vested 1,276.1 Performance Units September 25, 2026

Common shares issued 1,276 shares Upon vesting on September 25, 2026

Performance Units following transaction 125,719.28 Performance Units Reported after the September 25, 2026 transaction

Common shares following transaction 228,260 shares Reported after the September 25, 2026 transaction

Key Terms

Performance Units, vesting, fractional shares

3 terms

Performance Units financial

"issued upon the vesting of Performance Units"

Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.

vesting financial

"upon the vesting of Performance Units"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

fractional shares financial

"in lieu of issuing fractional shares"

Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.

FAQ

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

How many ORC common shares were issued to Robert E. Cauley upon vesting?

Orchid Island Capital issued 1,276 common shares to Chief Executive Officer and director Robert E. Cauley when 1,276.1 Performance Units vested on September 25, 2026. Cash was paid in lieu of issuing fractional shares, based on the common stock’s closing price on September 24, 2026.

When were Robert E. Cauley’s ORC Performance Units awarded?

The 1,276.1 Performance Units were awarded to Robert E. Cauley on March 19, 2024, under the 2021 Equity Incentive Plan and the 2023 Long Term Equity Incentive Compensation Plan.

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

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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 FLORIDA 32963

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/25/2026		M		1,276(1)	A	$0	228,260	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)	09/25/2026		M			1,276.1	(1)	(1)	Common Stock	1,276.1	$0	125,719.28	D

Explanation of Responses:

1. These shares represent 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 September 24, 2026.

	/s/ Robert E. Cauley	09/25/2026
	** 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)