Orchid Island Capital (ORC) director reports new deferred stock unit grants

Rhea-AI Filing Summary

Orchid Island Capital director reports additional deferred stock units. A director of Orchid Island Capital, Inc. acquired derivative equity awards in the form of deferred stock units tied to the company’s common stock.

On 12/30/2025, the director received 1,644 deferred stock units at a price of $7.28 per underlying share. On 01/02/2026, the director received another 3,472 deferred stock units at a price of $0, bringing total derivative securities beneficially owned to 104,861 deferred stock units.

Each deferred stock unit represents the right to receive one share of common stock and is fully vested. These units, including those issued in lieu of the company’s monthly dividend at the director’s election, become payable upon a change of control or the director’s death, disability, or separation from service as a director.

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

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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^*

Parker Ava L

(Last) (First) (Middle)

10589 VERSAILLES BOULEVARD

(Street)

WELLINGTON FL 33449

(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)
12/30/2025

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)	12/30/2025		A		1,644(2)		(3)	(3)	Common Stock	1,644	$7.28	101,389	D
Deferred Stock Units	(1)	01/02/2026		A		3,472		(3)	(3)	Common Stock	3,472	$0	104,861	D

Explanation of Responses:

1. Each deferred stock unit represents a right to receive one share of the Issuer's common stock.

2. The reported shares represent deferred stock units issued in lieu of the Issuer's monthly dividend pursuant to the reporting person's election.

3. 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/ Ava Parker	01/02/2026
	** 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).
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FAQ

What insider transaction did Orchid Island Capital (ORC) disclose in this Form 4?

The filing reports that a director of Orchid Island Capital, Inc. acquired additional deferred stock units linked to the company’s common stock on two dates, increasing the director’s beneficial ownership of these derivative securities.

How many deferred stock units did the Orchid Island Capital director receive?

The director received 1,644 deferred stock units on 12/30/2025 and 3,472 deferred stock units on 01/02/2026, for a total of 5,116 new deferred stock units.

What is the total number of deferred stock units the Orchid Island Capital director now holds?

Following the reported transactions, the director beneficially owns 104,861 deferred stock units relating to Orchid Island Capital common stock.

How are the Orchid Island Capital deferred stock units priced and structured?

For the 12/30/2025 grant, each deferred stock unit relates to common stock at an underlying price of $7.28 per share. The 01/02/2026 grant shows a price of $0 for the deferred stock units. Each unit represents a right to receive one share of common stock.

When do the Orchid Island Capital deferred stock units become payable to the director?

The deferred stock units are 100% vested but only become payable upon the earlier of a change of control of Orchid Island Capital or the director’s death, disability, or separation from service as a director.

Why were some Orchid Island Capital deferred stock units issued in lieu of dividends?

The filing states that certain reported shares represent deferred stock units issued in lieu of the company’s monthly dividend, based on the reporting person’s election to receive dividend equivalents in the form of deferred stock units instead of cash.