Orchid Island Capital (ORC) director granted 7,169 DSUs

Q: What transactions did the ORC Form 4 filed by Ava L. Parker report?

The Form 4 reports grants of deferred stock units: 1,553 DSUs on 09/30/2025, 3,566 DSUs on 10/01/2025, and 2,050 DSUs on 10/01/2025.

Q: Are the deferred stock units vested and when are they payable?

The DSUs are reported as 100% vested but payable only upon a change of control or the reporting person's death, disability, or separation from service as a director.

Q: Were any DSUs issued in lieu of dividends or cash compensation?

Yes. 1,553 DSUs were issued in lieu of the monthly dividend and 2,050 DSUs were granted in lieu of cash compensation.

Q: What per-unit values are disclosed for the DSU grants?

The filing lists per-unit values of $6.91 for the 1,553 DSUs and $7.01 for the 2,050 DSUs; the 3,566 DSU grant shows no price in the table.

Ava L. Parker, a director of Orchid Island Capital, Inc. (ORC), reported three grants of deferred stock units on 09/30/2025 and 10/01/2025.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Ava L. Parker, a director of Orchid Island Capital, Inc. (ORC), reported three grants of deferred stock units on 09/30/2025 and 10/01/2025.

The filings show 1,553 DSUs issued on 09/30/2025 in lieu of the monthly dividend at an attributable value of $6.91 per unit, plus two grants on 10/01/2025 of 3,566 DSUs (no price listed) and 2,050 DSUs granted in lieu of cash compensation with an attributable value of $7.01 per unit. Following these transactions the reporting person beneficially owned 96,636 shares.

The DSUs are fully vested but payable only upon a change of control or the reporting person's death, disability, or separation from service as a director.

Positive

7,169 deferred stock units granted, aligning director compensation with shareholder equity
DSUs are 100% vested, indicating no further service requirement to earn these awards

Negative

Deferred payout triggers (change of control, death, disability, separation) delay share issuance and liquidity
One grant of 3,566 DSUs lacks an attributable per-unit price in the table, reducing transparency

Insights

Director received vested deferred stock units totaling 7,169 DSUs, payable on specific events.

The Form 4 discloses three DSU grants totaling 7,169 units (1,553 + 3,566 + 2,050) issued across 09/30/2025 and 10/01/2025. These awards increase the director's beneficial ownership to 96,636 shares.

The units are 100% vested but are deferred and become payable only upon a change of control, death, disability, or separation from service, which means the awards create retention-aligned compensation rather than immediate liquidity for the director.

Some DSUs were issued in lieu of dividends and cash compensation with stated per-unit values.

The filing explicitly states 1,553 DSUs were issued in lieu of a monthly dividend at a value of $6.91 per unit and 2,050 DSUs were granted in lieu of cash compensation at $7.01 per unit. One grant of 3,566 DSUs shows an acquisition but no per-unit price in the table.

These facts affect dilution and future share issuance timing because each DSU represents one share payable upon the specified triggering events.

Insider Trade Summary

Grant/Award: 7,169 shares

Grant/Award 3 txns

Insider Parker Ava L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	3,566	$0.00	$0.00
Grant/Award	Deferred Stock Units	2,050	$7.01	$14K
Grant/Award	Deferred Stock Units	1,553	$6.91	$11K

Holdings After Transaction: Deferred Stock Units — 96,636 contracts (Direct)

Footnotes (4)

F1. Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
F2. The reported shares represent deferred stock units issued in lieu of the Issuer's monthly dividend pursuant to the reporting person's election.
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.
F4. The reported shares represent deferred stock units granted in lieu of cash compensation.

FAQ

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

What transactions did the ORC Form 4 filed by Ava L. Parker report?

The Form 4 reports grants of deferred stock units: 1,553 DSUs on 09/30/2025, 3,566 DSUs on 10/01/2025, and 2,050 DSUs on 10/01/2025.

How many shares does Ava L. Parker beneficially own after these transactions?

Following the reported transactions the filing shows beneficial ownership of 96,636 shares.

Are the deferred stock units vested and when are they payable?

The DSUs are reported as 100% vested but payable only upon a change of control or the reporting person's death, disability, or separation from service as a director.

Were any DSUs issued in lieu of dividends or cash compensation?

Yes. 1,553 DSUs were issued in lieu of the monthly dividend and 2,050 DSUs were granted in lieu of cash compensation.

What per-unit values are disclosed for the DSU grants?

The filing lists per-unit values of $6.91 for the 1,553 DSUs and $7.01 for the 2,050 DSUs; the 3,566 DSU grant shows no price in the table.

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

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Accepted by SEC EDGAR 10/02/2025 - 04:23 PM

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).

1. Name and Address of Reporting Person^*

Parker Ava L

(Last)

(First)

(Middle)

10589 VERSAILLES BOULEVARD

(Street)

WELLINGTON

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)
09/30/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Stock Units	⁽¹⁾	09/30/2025		A		1,553⁽²⁾		⁽³⁾	⁽³⁾	Common Stock	1,553	$6.91	91,020	D
Deferred Stock Units	⁽¹⁾	10/01/2025		A		3,566		⁽³⁾	⁽³⁾	Common Stock	3,566	$0	94,586	D
Deferred Stock Units	⁽¹⁾	10/01/2025		A		2,050⁽⁴⁾		⁽³⁾	⁽³⁾	Common Stock	2,050	$7.01	96,636	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.

4. The reported shares represent deferred stock units granted in lieu of cash compensation.

	/s/ Ava Parker	10/02/2025
	** 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.

Source: View Original Filing on SEC EDGAR

Orchid Island Capital (ORC) director granted 7,169 DSUs