Orchid Island Capital (ORC) director adds 1,615 deferred stock units in lieu of dividend

Rhea-AI Filing Summary

Orchid Island Capital, Inc. director Ava Parker reported receiving 1,615 deferred stock units on 11/28/2025. Each deferred stock unit represents one share of Orchid Island Capital common stock and was issued in lieu of the company’s monthly dividend under Parker’s prior election. The units are fully vested but will not be paid out until the earlier of a change of control or Parker’s death, disability, or separation from service as a director. Following this transaction, Parker beneficially owns 99,745 derivative securities in the form of deferred stock units, held directly.

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

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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)
11/28/2025

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)	11/28/2025		A		1,615(2)		(3)	(3)	Common Stock	1,615	$7.29	99,745	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	12/01/2025
	** 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 insider transaction did Orchid Island Capital (ORC) disclose in this Form 4?

The filing shows that director Ava Parker received 1,615 deferred stock units of Orchid Island Capital common stock on 11/28/2025.

How many Orchid Island Capital deferred stock units does the reporting person own after this transaction?

After the reported transaction, Ava Parker beneficially owns 99,745 deferred stock units of Orchid Island Capital, held directly.

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

Each deferred stock unit represents a right to receive one share of Orchid Island Capital’s common stock.

Why were the 1,615 deferred stock units issued to the Orchid Island Capital director?

The 1,615 deferred stock units were issued in lieu of Orchid Island Capital’s monthly dividend, based on the director’s election.

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

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

What was the reference price for the Orchid Island Capital deferred stock units in this transaction?

The transaction table shows a price of $7.29 associated with the 1,615 deferred stock units reported on 11/28/2025.