Orchid Island director awarded 1,680 deferred units

Orchid Island Capital director Ava L. Parker reported an acquisition of 1,680 deferred stock units on February 27, 2026, valued at $7.60 per unit.

Rhea-AI Filing Summary

Orchid Island Capital director Ava L. Parker reported an acquisition of 1,680 deferred stock units on February 27, 2026, valued at $7.60 per unit. Her direct holdings in this derivative security increased to 108,100 deferred stock units after the transaction.

Each deferred stock unit represents a right to receive one share of Orchid Island Capital common stock. The units are fully vested but will only be paid out upon a change of control or Parker’s death, disability, or separation from service as a director. They were issued in lieu of the company’s monthly dividend under her prior election.

Insider Trade Summary

Grant/Award: 1,680 shares

Grant/Award 1 txn

Insider Parker Ava L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	1,680	$7.60	$13K

Holdings After Transaction: Deferred Stock Units — 108,100 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.

FAQ

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

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

Orchid Island Capital reported that director Ava L. Parker acquired 1,680 deferred stock units on February 27, 2026. These units were issued as part of her elected arrangement to receive the issuer’s monthly dividend in deferred stock units instead of cash.

How many deferred stock units does Ava L. Parker hold after this ORC Form 4 filing?

After the February 27, 2026 transaction, Ava L. Parker directly holds 108,100 deferred stock units in Orchid Island Capital. Each deferred stock unit represents a right to receive one share of the company’s common stock under the terms described in the filing.

What does each Orchid Island Capital deferred stock unit represent for Ava L. Parker?

Each deferred stock unit reported by Ava L. Parker represents a right to receive one share of Orchid Island Capital common stock. The units are a derivative security, fully vested, and are structured to convert into common shares only when a payout event occurs under the plan.

Why were Ava L. Parker’s deferred stock units at Orchid Island Capital issued?

The reported 1,680 deferred stock units were issued in lieu of Orchid Island Capital’s monthly dividend, according to Parker’s prior election. Instead of receiving cash dividends, she elected to receive these fully vested deferred stock units as part of her director compensation structure.

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

Ava L. Parker’s deferred stock units become payable upon the earlier of a change of control of Orchid Island Capital, or her death, disability, or separation from service as a director. Until one of these events occurs, the units remain unpaid despite being fully vested.

Are Ava L. Parker’s Orchid Island Capital deferred stock units fully vested?

Yes, the deferred stock units reported for Ava L. Parker are 100% vested according to the filing. Although fully vested, payment of the underlying Orchid Island Capital common shares is deferred until a specified event such as change of control or her separation from board service.

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

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Accepted by SEC EDGAR 03/02/2026 - 05:10 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 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)
02/27/2026

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)	02/27/2026		A		1,680(2)		(3)	(3)	Common Stock	1,680	$7.6	108,100	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	03/02/2026
	** 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).
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.