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  4. [Form 4] Orchid Island Capital, Inc. Insider Trading Activity

Orchid Island Capital (ORC) director granted 3,561 deferred stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bitting W Coleman reported acquisition or exercise transactions in this Form 4 filing.

Orchid Island Capital director Bitting W. Coleman received a routine equity award in the form of deferred stock units. The grant covers 3,561 deferred stock units at a price of $0.00 per unit, each representing the right to receive one share of common stock. Following this award, Coleman holds 50,289 deferred stock units. The units are fully vested but will only be paid in shares upon a change of control or Coleman's death, disability, or separation from service as a director.

Positive

  • None.

Negative

  • None.
Insider Bitting W Coleman
Role Director
Type Security Shares Price Value
Grant/Award Deferred Stock Units 3,561 $0.00 --
Holdings After Transaction: Deferred Stock Units — 50,289 shares (Direct)
Footnotes (1)
  1. Each deferred stock unit represents a right to receive one share of the Issuer's common stock. 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.
Deferred stock units granted 3,561 units Grant to director on 2026-04-01
Price per deferred stock unit $0.00 per unit Equity compensation grant, non-cash
Deferred stock units after transaction 50,289 units Total deferred stock units held by director after grant
Underlying common stock per unit 1 share per unit Each deferred stock unit equals one common share when payable
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"
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
"separation from service as a director of the Issuer."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Bitting W Coleman
(Last)(First)(Middle)
849 STONE BRIDGE SPRINGS DR.
(Street)
WILDWOOD MISSOURI 63005
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units(1)04/01/2026A3,561 (2) (2)Common Stock3,561$050,289D
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/ W Coleman Bitting04/01/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Orchid Island Capital (ORC) director Bitting W. Coleman report on this Form 4?

Bitting W. Coleman reported receiving 3,561 deferred stock units as a grant. These units are a form of equity compensation, not a cash transaction, and increase his total deferred stock unit holdings to 50,289, aligning his interests with common shareholders over the long term.

What are the key terms of the deferred stock units reported by ORC?

Each deferred stock unit represents the right to receive one share of Orchid Island Capital common stock. The units are 100% vested but are only payable in shares upon a change of control or the director’s death, disability, or separation from service on the board.

Did the Orchid Island Capital (ORC) director buy or sell shares in the market?

The director did not buy or sell shares in the open market. Instead, he received 3,561 deferred stock units as a grant at $0.00 per unit, reflecting compensation rather than a discretionary purchase or sale of common stock on an exchange.

How many deferred stock units does the ORC director hold after this transaction?

After this grant, Bitting W. Coleman holds 50,289 deferred stock units. Each unit is tied to one share of common stock, so this number reflects his deferred equity-based compensation position as reported in the filing, separate from any regular common stock he may own.

When will the Orchid Island Capital (ORC) deferred stock units become payable?

Although the deferred stock units are fully vested, they become payable only upon certain events. Payment occurs at the earlier of a change of control of Orchid Island Capital or the director’s death, disability, or separation from service as a member of the board.