Orchid Island director granted 3,586 stock units

Morabito Paula reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 07/01/2026 - 08:19 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Morabito Paula reported acquisition or exercise transactions in this Form 4 filing.

Orchid Island Capital, Inc. director Paula Morabito received a grant of 3,586 Deferred Stock Units as compensation. Each unit represents the right to receive one share of common stock and is fully vested. These units become payable only upon a change of control or upon her death, disability, or separation from service as a director. Following this award, she holds a total of 55,686 Deferred Stock Units directly.

Insider Trade Summary

Grant/Award: 3,586 shares

Grant/Award 1 txn

Insider Morabito Paula

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	3,586	$0.00	$0.00

Holdings After Transaction: Deferred Stock Units — 55,686 contracts (Direct)

Holdings Before and After: Deferred Stock Units, 52,100 to 55,686 contracts (Direct)

Footnotes (2)

1. F1. Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
2. F2. 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: 3,586 units Units held after transaction: 55,686 units Exercise price per unit: $0.0000 per unit +1 more

4 metrics

Deferred Stock Units granted 3,586 units Grant to director Paula Morabito on 2026-07-01

Units held after transaction 55,686 units Total Deferred Stock Units following grant

Exercise price per unit $0.0000 per unit Deferred Stock Units grant terms

Conversion ratio 1 unit : 1 share Each unit represents one share of common stock

Key Terms

Deferred Stock Units, change of control, separation from service

3 terms

Deferred Stock Units financial

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

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

"payable until the earlier to occur of a change of control or the reporting person's death, disability, or separation from service"

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

"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 transaction did Orchid Island Capital (ORC) report for Paula Morabito?

Orchid Island Capital reported that director Paula Morabito received 3,586 Deferred Stock Units as a grant. These units are compensation-linked derivatives that convert into common stock under specific future conditions rather than an open-market purchase or sale.

How many Deferred Stock Units does Paula Morabito hold after this ORC Form 4?

After the latest grant, Paula Morabito holds 55,686 Deferred Stock Units. This total reflects compensation awards tied to Orchid Island Capital common stock, giving her the right to receive an equal number of shares upon specified triggering events.

What does each Deferred Stock Unit represent for Orchid Island Capital (ORC)?

Each Deferred Stock Unit represents the right to receive one share of Orchid Island Capital common stock. The units are fully vested but settle in actual shares only when specific events occur, rather than immediately at grant.

When do Paula Morabito’s ORC Deferred Stock Units become payable?

The Deferred Stock Units become payable upon the earlier of a change of control of Orchid Island Capital or Paula Morabito’s death, disability, or separation from service as a director. Until then, they remain outstanding but unsettled compensation awards.

Did Paula Morabito buy or sell Orchid Island Capital (ORC) shares in this Form 4?

This Form 4 reports a grant of Deferred Stock Units, not an open-market buy or sell. The award is classified as an acquisition under code A, reflecting director compensation rather than a discretionary stock trade in the market.

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

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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^*

Morabito Paula

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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)	07/01/2026		A		3,586		(2)	(2)	Common Stock	3,586	$0	55,686	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/ Paula Morabito	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)