STOCK TITAN

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

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Frank P. Filipps, a director of Orchid Island Capital, Inc. (ORC), reported a Form 4 showing he was granted 3,566 deferred stock units on 10/01/2025. Each deferred stock unit represents a right to receive one share of the company’s common stock and the units are stated to be 100% vested. The deferred units do not become payable until the earlier of a change of control or the reporting person’s death, disability, or separation from service as a director. After this grant, the Form 4 reports total beneficial ownership of 43,256 shares. The filing was signed on 10/02/2025.

Frank P. Filipps, direttore di Orchid Island Capital, Inc. (ORC), ha riportato un Form 4 che mostra che gli sono state assegnate 3.566 unità azionarie differite il 01/10/2025. Ogni unità azionaria differita rappresenta un diritto a ricevere un'azione ordinaria della società e le unità sono indicate come 100% maturate. Le unità differite non diventano pagabili fino al primo evento tra un cambiamento di controllo o la morte, l'invalidità o la separazione dal servizio come amministratore. Dopo questa assegnazione, il Form 4 riporta una proprietà detenuta complessiva di 43.256 azioni. Il deposito è stato firmato il 02/10/2025.
Frank P. Filipps, director de Orchid Island Capital, Inc. (ORC), reportó un Form 4 que mostraba que se le concedieron 3,566 unidades de acciones diferidas el 01/10/2025. Cada unidad de acciones diferidas representa un derecho a recibir una acción común de la empresa y las unidades se señalan como 100% adquiridas. Las unidades diferidas no se pagan hasta el primero de entre un cambio de control o la muerte, discapacidad o separación del cargo como director. Después de este otorgamiento, el Form 4 reporta una propiedad beneficiaria total de 43.256 acciones. La presentación fue firmada el 02/10/2025.
Frank P. Filipps, Orchid Island Capital, Inc. (ORC)의 이사로서 Form 4를 통해 2025년 10월 1일에 3,566회의 유보 주식단위가 부여되었음을 보고했습니다. 각 유보 주식단위는 회사의 보통주의 1주를 받을 권리를 나타내며, 이 단위는 100% 취득된 상태로 명시되어 있습니다. 유보 주식단위는 지배권 변경 또는 보고인의 사망, 장애 또는 이사로서의 재직 종료 중 먼저 발생하는 경우까지 지급되지 않습니다. 이 수여 후, Form 4는 43,256 주의 총 수혜 소유를 보고합니다. 제출은 2025년 10월 2일에 서명되었습니다.
Frank P. Filipps, directeur de Orchid Island Capital, Inc. (ORC), a reporté un Form 4 indiquant qu'il avait reçu 3 566 unités d'actions différées le 01/10/2025. Chaque unité d'action différée représente un droit de recevoir une action ordinaire de la société et les unités sont déclarées acquises à 100%. Les unités différées ne deviennent payables qu'à la première survenue soit d'un changement de contrôle, soit du décès, de l'invalidité ou de la séparation du service en tant que directeur. Après cette attribution, le Form 4 indique une propriété bénéficiaire totale de 43 256 actions. Le dépôt a été signé le 02/10/2025.
Frank P. Filipps, ein Direktor von Orchid Island Capital, Inc. (ORC), meldete ein Form 4, das zeigte, dass ihm am 01.10.2025 3.566 ausstehende Aktienanteile zugeteilt wurden. Jede Deferred Stock Unit repräsentiert das Recht, eine Aktie der Stammaktien des Unternehmens zu erhalten, und die Einheiten sind als 100% erworben angegeben. Die ausstehenden Einheiten werden erst zahlbar, bis zum früheren Eintritt eines Kontrollwechsels oder des Todes, der Behinderung oder der Trennung von der Tätigkeit als Direktor. Nach dieser Zuteilung meldet das Form 4 eine insgesamt beherrschende Eigentumsposition von 43.256 Aktien. Die Einreichung wurde am 02.10.2025 unterzeichnet.
فرانك ب. فيليپس، مدير في Orchid Island Capital, Inc. (ORC)، أبلغ عن نموذج 4 يظهر أنه مُنحت له 3,566 وحدات أسهم مؤجلة في 01/10/2025. تمثل كل وحدة أسهم مؤجلة حقاً في الحصول على سهم واحد من الأسهم العادية للشركة وتُذكر الوحدات بأنها مكتسبة بنسبة 100%. وحدات الأسهم المؤجلة لا تصبح قابلة للدفع حتى حدوث أحد الخيارين: تغيير السيطرة أو وفاة المبلغ المبلغ عنه أو عجزه أو فصله من الخدمة كمدير. بعد هذه المنحة، يُظهر نموذج 4 الملكية المفيدة الإجمالية لـ 43,256 سهماً. تم توقيع الملف في 02/10/2025.
Frank P. Filipps,Orchid Island Capital, Inc.(ORC)的董事,提交了一份 Form 4,显示他在 2025/10/01 获得了 3,566 股延期股票单位。每个延期股票单位代表获得公司普通股1股的权利,并且据称这些单位已 100% 已归属。延期单位在早于下列情况之一发生前不得支付:控制权变更,或报告人死亡、残疾或辞任为董事的情形。在此次授予之后,Form 4 报告的总受益所有权为 43,256 股。该备案于 2025/10/02 签署。
Positive
  • 3,566 deferred stock units granted to the director, increasing equity alignment
  • Units are 100% vested, so the director has an unconditional right to the units
  • Total beneficial ownership of 43,256 shares indicates meaningful insider stake
Negative
  • Deferred payout timing: units payable only on change of control, death, disability, or separation, so no immediate liquidity
  • Price reported as $0 for the units, indicating they were granted rather than purchased

Insights

Director received vested deferred stock units that remain payable only on specific events.

The Form 4 records a grant of 3,566 deferred stock units to director Frank P. Filipps on 10/01/2025, increasing his reported beneficial ownership to 43,256 shares. The filing explicitly states each unit equals one share and the units are 100% vested.

Because the units are payable only upon a change of control or the director’s death, disability, or separation from service, the grant aligns the director with long‑term events that trigger payment rather than providing immediate liquid equity. This structure preserves alignment with shareholder outcomes while delaying actual share delivery until specified events occur.

Frank P. Filipps, direttore di Orchid Island Capital, Inc. (ORC), ha riportato un Form 4 che mostra che gli sono state assegnate 3.566 unità azionarie differite il 01/10/2025. Ogni unità azionaria differita rappresenta un diritto a ricevere un'azione ordinaria della società e le unità sono indicate come 100% maturate. Le unità differite non diventano pagabili fino al primo evento tra un cambiamento di controllo o la morte, l'invalidità o la separazione dal servizio come amministratore. Dopo questa assegnazione, il Form 4 riporta una proprietà detenuta complessiva di 43.256 azioni. Il deposito è stato firmato il 02/10/2025.
Frank P. Filipps, director de Orchid Island Capital, Inc. (ORC), reportó un Form 4 que mostraba que se le concedieron 3,566 unidades de acciones diferidas el 01/10/2025. Cada unidad de acciones diferidas representa un derecho a recibir una acción común de la empresa y las unidades se señalan como 100% adquiridas. Las unidades diferidas no se pagan hasta el primero de entre un cambio de control o la muerte, discapacidad o separación del cargo como director. Después de este otorgamiento, el Form 4 reporta una propiedad beneficiaria total de 43.256 acciones. La presentación fue firmada el 02/10/2025.
Frank P. Filipps, Orchid Island Capital, Inc. (ORC)의 이사로서 Form 4를 통해 2025년 10월 1일에 3,566회의 유보 주식단위가 부여되었음을 보고했습니다. 각 유보 주식단위는 회사의 보통주의 1주를 받을 권리를 나타내며, 이 단위는 100% 취득된 상태로 명시되어 있습니다. 유보 주식단위는 지배권 변경 또는 보고인의 사망, 장애 또는 이사로서의 재직 종료 중 먼저 발생하는 경우까지 지급되지 않습니다. 이 수여 후, Form 4는 43,256 주의 총 수혜 소유를 보고합니다. 제출은 2025년 10월 2일에 서명되었습니다.
Frank P. Filipps, directeur de Orchid Island Capital, Inc. (ORC), a reporté un Form 4 indiquant qu'il avait reçu 3 566 unités d'actions différées le 01/10/2025. Chaque unité d'action différée représente un droit de recevoir une action ordinaire de la société et les unités sont déclarées acquises à 100%. Les unités différées ne deviennent payables qu'à la première survenue soit d'un changement de contrôle, soit du décès, de l'invalidité ou de la séparation du service en tant que directeur. Après cette attribution, le Form 4 indique une propriété bénéficiaire totale de 43 256 actions. Le dépôt a été signé le 02/10/2025.
Frank P. Filipps, ein Direktor von Orchid Island Capital, Inc. (ORC), meldete ein Form 4, das zeigte, dass ihm am 01.10.2025 3.566 ausstehende Aktienanteile zugeteilt wurden. Jede Deferred Stock Unit repräsentiert das Recht, eine Aktie der Stammaktien des Unternehmens zu erhalten, und die Einheiten sind als 100% erworben angegeben. Die ausstehenden Einheiten werden erst zahlbar, bis zum früheren Eintritt eines Kontrollwechsels oder des Todes, der Behinderung oder der Trennung von der Tätigkeit als Direktor. Nach dieser Zuteilung meldet das Form 4 eine insgesamt beherrschende Eigentumsposition von 43.256 Aktien. Die Einreichung wurde am 02.10.2025 unterzeichnet.
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).
1. Name and Address of Reporting Person*
FILIPPS FRANK P

(Last) (First) (Middle)
125 VIA PALACIO

(Street)
PALM BEACH GARDENS FL 33418

(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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
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
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
Deferred Stock Units (1) 10/01/2025 A 3,566 (2) (2) Common Stock 3,566 $0 43,256 D
Explanation of Responses:
1. Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
2. The deferred stock units are 100% vested but do not become payable until the earlier to occur of a change of control or the reporting person's death, disability, or separation from service as a director of the Issuer.
/s/ Frank P. Filipps 10/02/2025
** 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

What did Frank P. Filipps report on the Form 4 for ORC?

The Form 4 reports a grant of 3,566 deferred stock units on 10/01/2025, and total beneficial ownership of 43,256 shares.

When do the deferred stock units become payable?

The units do not become payable until the earlier of a change of control, the reporting person’s death, disability, or separation from service as a director.

Are the deferred stock units vested?

Yes. The filing states the deferred stock units are 100% vested.

What is the transaction date and filing signature date?

The transaction date is 10/01/2025 and the Form 4 is signed on 10/02/2025.

Does each deferred stock unit equal one share?

Yes. The filing explains that each deferred stock unit represents a right to receive one share of the issuer’s common stock.
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