Orchid Island Capital (ORC) CFO reports stock award vesting and tax sale

Rhea-AI Filing Summary

Orchid Island Capital, Inc. director and Chief Financial Officer G. Hunter Haas IV reported equity award activity in company stock. On 12/26/2025, performance units converted into 3,031 shares of common stock at an exercise price of $0, reflecting vesting of prior awards under the company’s equity incentive plans. On the same date, he disposed of 1,133 shares back to the company at $7.35 per share to cover tax withholding related to the vesting. Following these transactions, he directly holds 77,498 shares of common stock and 10,819.39 performance units.

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

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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^*

Haas G Hunter IV

(Last) (First) (Middle)

3305 FLAMINGO DRIVE

(Street)

VERO BEACH FL 32963

(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
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/26/2025

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
Common Stock	12/26/2025		M		3,031(1)	A	$0	78,631	D
Common Stock	12/26/2025		F		1,133(2)	D	$7.35(3)	77,498	D

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
Performance Units	(1)	12/26/2025		M			3,031.72	(1)	(1)	Common Stock	3,031.72	$0	10,819.39	D

Explanation of Responses:

1. These shares represent 1,842 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on April 13, 2023 pursuant to the Issuer's 2021 Equity Incentive Plan and 2022 Long Term Equity Incentive Compensation Plan, and 1,189 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 19, 2024 pursuant to the Issuer's 2021 Equity Incentive Plan and 2023 Long Term Equity Incentive Compensation Plan. Cash was paid in lieu of issuing fractional shares based on the closing price of the Company's common stock on December 24, 2025.

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 vesting of shares.

3. The price represents the closing price of the Company's common stock on December 24, 2025.

	/s/ G. Hunter Haas, IV	12/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

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

The director and Chief Financial Officer, G. Hunter Haas IV, reported the vesting of performance units into 3,031 shares of common stock and the related disposition of 1,133 shares to cover taxes.

How many Orchid Island Capital (ORC) shares did the insider acquire and at what price?

He acquired 3,031 shares of common stock through the conversion of performance units at an exercise price of $0 per share.

Why did the Orchid Island Capital (ORC) insider dispose of 1,133 shares?

The 1,133 shares of common stock were transferred to the issuer to satisfy the reporting person’s tax withholding obligations associated with the vesting of shares.

What price was used for the Orchid Island Capital (ORC) tax withholding shares?

The disposed shares used for tax withholding were valued at $7.35 per share, which represents the closing price of the company’s common stock on December 24, 2025.

How many Orchid Island Capital (ORC) shares does the insider own after the transactions?

After the reported transactions, the insider directly owns 77,498 shares of common stock of Orchid Island Capital, Inc.

What performance unit balance remains for the Orchid Island Capital (ORC) insider?

Following the vesting event, the insider holds 10,819.39 performance units, each tied to underlying shares of common stock.

Which roles does the reporting person hold at Orchid Island Capital (ORC)?

The reporting person is both a director and an officer, serving as the company’s Chief Financial Officer.