Orchid Island CFO exercises performance units

Orchid Island Capital Chief Financial Officer Haas G. Hunter IV exercised performance-based equity awards into common stock.

Rhea-AI Filing Summary

Orchid Island Capital Chief Financial Officer Haas G. Hunter IV exercised performance-based equity awards into common stock. On March 26, 2026, 3,031.72 Performance Units were converted into 3,031 shares of common stock, reflecting vesting of awards granted in April 2023 and March 2024.

To cover tax withholding tied to this vesting, 1,133 shares were returned to the company at a price of $7.15 per share, equal to the March 25, 2026 closing price. Following these compensation-related transactions, Hunter directly holds 135,684 shares of Orchid Island Capital common stock.

Insider Trade Summary

3,031.72 shares exercised/converted

Exercise 3 txns

Insider Haas G Hunter IV

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Performance Units	3,031.72	$0.00	$0.00
Exercise	Common Stock	3,031	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,133	$7.15	$8K

Holdings After Transaction: Performance Units — 100,971.67 contracts (Direct); Common Stock — 135,684 shares (Direct)

Footnotes (3)

1. F1. 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 March 25, 2026.
2. F2. 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. F3. The price represents the closing price of the Company's common stock on March 25, 2026.

FAQ

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

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

Orchid Island Capital reported that CFO Haas G. Hunter IV exercised 3,031.72 Performance Units into 3,031 common shares, then had 1,133 shares withheld and returned to the company to satisfy tax obligations related to the vesting of those equity awards.

How many Orchid Island Capital (ORC) shares does the CFO hold after this Form 4?

After these transactions, CFO Haas G. Hunter IV holds 135,684 shares of Orchid Island Capital common stock directly. This figure reflects the newly vested shares minus those disposed of back to the issuer for tax withholding purposes on March 26, 2026.

Were the Orchid Island Capital (ORC) insider transactions open-market buys or sales?

The Form 4 shows no open-market buys or sales. The CFO’s transactions were an exercise of Performance Units into common stock and a related disposition of 1,133 shares back to the issuer solely to cover tax withholding obligations at a price of $7.15 per share.

What equity awards vested for Orchid Island Capital (ORC) CFO in this filing?

The filing states 1,842 shares vested from Performance Units awarded on April 13, 2023 and 1,189 shares vested from Performance Units awarded on March 19, 2024. Together, these awards produced the 3,031 common shares issued to the CFO upon vesting.

At what price were Orchid Island Capital (ORC) shares valued for tax withholding?

Shares used for tax withholding were valued at $7.15, which the filing identifies as the closing price of Orchid Island Capital’s common stock on March 25, 2026. This price was applied to the 1,133 shares disposed of to satisfy the CFO’s tax obligations.

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

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Accepted by SEC EDGAR 03/27/2026 - 04:22 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^*

Haas G Hunter IV

(Last) (First) (Middle)

3305 FLAMINGO DRIVE

(Street)

VERO BEACH FLORIDA 32963

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

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
Common Stock	03/26/2026		M		3,031(1)	A	$0	136,817	D
Common Stock	03/26/2026		F		1,133(2)	D	$7.15(3)	135,684	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)	03/26/2026		M			3,031.72	(1)	(1)	Common Stock	3,031.72	$0	100,971.67	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 March 25, 2026.

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 March 25, 2026.

	/s/ G. Hunter Haas, IV	03/27/2026
	** 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)