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

Orchid Island (NYSE: ORC) CFO granted shares, uses stock to cover taxes

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

Rhea-AI Filing Summary

Orchid Island Capital Chief Financial Officer Haas G. Hunter IV reported equity compensation awards and related tax withholding transactions. He was granted 93,184 performance units, each representing a contingent right to receive one share of common stock, bringing his performance unit balance to 104,003.39 units.

On the same date, he also received 93,184 unrestricted shares of common stock at no cost under the company’s equity incentive plans. To satisfy tax withholding obligations from this share award, 36,896 common shares were disposed of back to the company at a price of $6.82 per share, based on the March 20, 2026 closing price.

Following these transactions, Hunter directly owns 133,786 shares of Orchid Island Capital common stock, in addition to his outstanding performance units. The filing reflects routine compensation-related grants and associated tax withholding, rather than open-market purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Haas G Hunter IV
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Performance Units 93,184 $0.00 --
Grant/Award Common Stock 93,184 $0.00 --
Tax Withholding Common Stock 36,896 $6.82 $252K
Holdings After Transaction: Performance Units — 104,003.39 shares (Direct); Common Stock — 170,682 shares (Direct)
Footnotes (1)
  1. Unrestricted shares of the Issuer's common stock issued under the 2021 Equity Incentive Compensation Plan, including pursuant to the 2025 Long-Term Incentive Compensation Plan. The Reporting Person disposed of these shares of the Company's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the awarding of shares that occurred on March 23, 2026. This price represents the closing price of the Issuer's common stock on March 20, 2026. Performance units issued under the 2021 Equity Incentive Compensation Plan, including pursuant to the 2025 Long Term Incentive Compensation Plan. Each performance unit represents a contingent right to receive one share of the Issuer's common stock. The performance units are earned at the rate of 10% per quarter commencing with the quarter ending March 31, 2027 and concluding with the quarter ending June 30, 2029. The number of performance units actually earned by the Reporting Person is subject to adjustment based on the Issuer's achievement of certain performance goals as set forth in a performance unit award agreement by and between the Issuer and the Reporting Person.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Haas G Hunter IV
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock03/23/2026A93,184(1)A$0170,682D
Common Stock03/23/2026F36,896(2)D$6.82(3)133,786D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Units(4)03/23/2026A93,184 (4) (4)Common Stock93,184$0104,003.39D
Explanation of Responses:
1. Unrestricted shares of the Issuer's common stock issued under the 2021 Equity Incentive Compensation Plan, including pursuant to the 2025 Long-Term Incentive Compensation Plan.
2. The Reporting Person disposed of these shares of the Company's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the awarding of shares that occurred on March 23, 2026.
3. This price represents the closing price of the Issuer's common stock on March 20, 2026.
4. Performance units issued under the 2021 Equity Incentive Compensation Plan, including pursuant to the 2025 Long Term Incentive Compensation Plan. Each performance unit represents a contingent right to receive one share of the Issuer's common stock. The performance units are earned at the rate of 10% per quarter commencing with the quarter ending March 31, 2027 and concluding with the quarter ending June 30, 2029. The number of performance units actually earned by the Reporting Person is subject to adjustment based on the Issuer's achievement of certain performance goals as set forth in a performance unit award agreement by and between the Issuer and the Reporting Person.
/s/ G. Hunter Haas, IV03/23/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Orchid Island Capital (ORC) report for its CFO?

Orchid Island Capital reported equity awards and tax withholding for its CFO. Haas G. Hunter IV received 93,184 performance units and 93,184 common shares, and 36,896 shares were delivered back to the company to cover tax obligations tied to the award.

How many performance units does the Orchid Island (ORC) CFO hold after this Form 4?

After the reported grant, the CFO holds 104,003.39 performance units. These units were issued under Orchid Island’s equity incentive plans and each unit represents a contingent right to receive one share of common stock, earned over future quarters based on performance goals.

How many Orchid Island Capital (ORC) common shares does the CFO own after the filing?

Following the transactions, the CFO directly owns 133,786 common shares. This reflects the grant of 93,184 unrestricted shares and the disposition of 36,896 shares back to the company to satisfy tax withholding obligations related to that award.

Was the Orchid Island (ORC) CFO’s share disposition an open-market sale?

No, the disposition was for tax withholding, not an open-market sale. The 36,896 shares were delivered back to Orchid Island Capital to pay tax obligations on the stock award, using a share value of $6.82 based on the March 20, 2026 closing price.

What are the terms of the Orchid Island (ORC) CFO’s performance units?

Each performance unit represents a right to receive one share of common stock. The units are earned at 10% per quarter from the quarter ending March 31, 2027 through June 30, 2029, with the final number subject to Orchid Island’s achievement of specified performance goals.

Under which plans were the Orchid Island Capital (ORC) CFO’s awards granted?

The awards were granted under Orchid Island’s 2021 Equity Incentive Compensation Plan. The filing notes they are also issued pursuant to the 2025 Long-Term Incentive Compensation Plan, covering both the unrestricted common shares and the performance units reported.