Orchid Island director awarded deferred stock units

Orchid Island Capital director Ava L. Parker reported two routine compensation-related awards of deferred stock units.

Rhea-AI Filing Summary

Orchid Island Capital director Ava L. Parker reported two routine compensation-related awards of deferred stock units. On June 30, 2026, she acquired 1,679 deferred stock units at a reference price of 6.9700 per unit, and on July 1, 2026 she acquired an additional 3,586 units at no cost. Each deferred stock unit represents a right to receive one share of Orchid Island Capital common stock and is fully vested. These units were issued in lieu of the company’s monthly dividend under Parker’s election and become payable only upon a change of control or upon her death, disability, or separation from service as a director. Following these awards, she holds 122,340 deferred stock units directly.

Insider Trade Summary

Grant/Award: 5,265 shares

Grant/Award 2 txns

Insider Parker Ava L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	3,586	$0.00	$0.00
Grant/Award	Deferred Stock Units	1,679	$6.97	$12K

Holdings After Transaction: Deferred Stock Units — 122,340 contracts (Direct)

Footnotes (3)

1. F1. Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
2. F2. The reported shares represent deferred stock units issued in lieu of the Issuer's monthly dividend pursuant to the reporting person's election.
3. F3. 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.

Key Figures

Deferred stock units granted (July 1, 2026): 3,586 units Deferred stock units granted (June 30, 2026): 1,679 units Reference price per unit (June 30 grant): 6.9700 per unit +3 more

6 metrics

Deferred stock units granted (July 1, 2026) 3,586 units Grant/award acquisition of deferred stock units

Deferred stock units granted (June 30, 2026) 1,679 units Grant/award acquisition of deferred stock units

Reference price per unit (June 30 grant) 6.9700 per unit Dividend-equivalent deferred stock unit issuance

Deferred stock units after July 1 grant 122,340 units Total deferred stock units held directly following transactions

Underlying common stock per unit 1 share per unit Each deferred stock unit equals one common share right

Transaction code A (grant/award acquisition) Both transactions classified as compensation-related awards

Key Terms

Deferred Stock Units, change of control, separation from service

3 terms

Deferred Stock Units financial

"The reported shares represent deferred stock units issued in lieu of the Issuer's monthly dividend"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

change of control financial

"become payable until the earlier to occur of a change of control or the reporting person's death"

A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.

separation from service financial

"or the reporting person's death, disability, or separation from service as a director of the Issuer"

FAQ

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

What insider transactions did Orchid Island Capital (ORC) report for Ava L. Parker?

Orchid Island Capital director Ava L. Parker reported two acquisitions of deferred stock units, totaling 5,265 units. These awards are part of her director compensation and were issued in lieu of monthly cash dividends based on her prior election.

How many deferred stock units does Ava L. Parker hold after the latest Form 4 for ORC?

After the reported transactions, Ava L. Parker holds 122,340 deferred stock units directly. Each unit represents a right to receive one share of Orchid Island Capital common stock, subject to specific payout conditions described in the filing footnotes.

Why did Orchid Island Capital issue deferred stock units instead of cash dividends to Ava L. Parker?

The filing states the reported shares are deferred stock units issued in lieu of the issuer's monthly dividend, pursuant to Parker’s election. This allows her to receive equity-linked compensation rather than cash, aligning with the company’s director compensation framework.

When do Ava L. Parker’s deferred stock units in Orchid Island Capital become payable?

The deferred stock units are 100% vested but only become payable upon the earlier of a change of control or Parker’s death, disability, or separation from service as a director. Until then, they remain deferred and are not settled in common shares.

What does each deferred stock unit represent for Orchid Island Capital (ORC)?

Each deferred stock unit represents a right to receive one share of Orchid Island Capital common stock. Although fully vested, these units are subject to deferral conditions and will be settled in shares only upon specified triggering events.

Were Ava L. Parker’s recent ORC transactions open-market buys or compensation awards?

The Form 4 characterizes both transactions with code A as grant, award, or other acquisition, not open-market purchases. They are deferred stock unit awards tied to dividend equivalents, rather than discretionary buying or selling in the market.

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

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Accepted by SEC EDGAR 07/01/2026 - 08:20 PM Learn about SEC filing dates

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^*

Parker Ava L

(Last) (First) (Middle)

10589 VERSAILLES BOULEVARD

(Street)

WELLINGTON FLORIDA 33449

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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

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)	06/30/2026		A		1,679(2)		(3)	(3)	Common Stock	1,679	$6.97	118,754	D
Deferred Stock Units	(1)	07/01/2026		A		3,586		(3)	(3)	Common Stock	3,586	$0	122,340	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	07/01/2026
	** 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)