Orchid Island director granted 1,660 deferred units

Parker Ava L reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Parker Ava L reported acquisition or exercise transactions in this Form 4 filing.

Orchid Island Capital director Ava L. Parker reported receiving 1,660 Deferred Stock Units, each representing the right to receive one share of common stock. These units were issued at a reference price of $6.95 per unit.

The award reflects Parker’s election to receive the issuer’s monthly dividend in the form of deferred stock units rather than cash. The units are 100% vested but will only be paid out upon a change of control or upon Parker’s death, disability, or separation from service as a director. Following this grant, Parker holds 117,075 Deferred Stock Units.

Insider Trade Summary

Grant/Award: 1,660 shares

Grant/Award 1 txn

Insider Parker Ava L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	1,660	$6.95	$12K

Holdings After Transaction: Deferred Stock Units — 117,075 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.

Key Figures

Deferred Stock Units granted: 1,660 units Reference price per unit: $6.95 per unit Deferred Stock Units after transaction: 117,075 units +1 more

4 metrics

Deferred Stock Units granted 1,660 units Grant on 2026-05-29 in lieu of monthly dividend

Reference price per unit $6.95 per unit Price field for 1,660 Deferred Stock Units

Deferred Stock Units after transaction 117,075 units Total Deferred Stock Units held following the grant

Underlying common shares 1,660 shares Each new Deferred Stock Unit equals one common share

Key Terms

Deferred Stock Units, change of control, separation from service as a director

3 terms

Deferred Stock Units financial

"The reported shares represent deferred stock units issued in lieu of the Issuer's monthly dividend"

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"

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 as a director financial

"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 received 1,660 Deferred Stock Units. These units were granted as part of her election to take the company’s monthly dividend in stock units instead of cash, increasing her deferred holdings to 117,075 units.

Is the Ava L. Parker Form 4 transaction in ORC stock a purchase or a grant?

The Form 4 for Ava L. Parker shows a grant or award acquisition, not an open-market purchase. She received 1,660 Deferred Stock Units issued in lieu of the company’s monthly dividend, based on her prior election to receive dividends in stock units.

How many Orchid Island Capital Deferred Stock Units does Ava L. Parker hold after this filing?

After this transaction, Ava L. Parker holds 117,075 Deferred Stock Units. Each unit represents the right to receive one share of Orchid Island Capital common stock, subject to the payout conditions described in the filing’s footnotes.

What are Deferred Stock Units in the Orchid Island Capital (ORC) Form 4 filing?

Deferred Stock Units represent a right to receive one share of Orchid Island Capital common stock in the future. In this filing, they are fully vested but only become payable upon a change of control or Parker’s death, disability, or separation from service as a director.

When do Ava L. Parker’s Orchid Island Capital Deferred Stock Units become payable?

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 vested units remain deferred and are not delivered as shares.

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

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Accepted by SEC EDGAR 06/01/2026 - 06:39 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 FLORIDA 33449

(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)
05/29/2026

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)	05/29/2026		A		1,660(2)		(3)	(3)	Common Stock	1,660	$6.95	117,075	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	06/01/2026
	** 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)