Ava L. Parker - 29 Dec 2022 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ORC	Deferred Stock Units	Award	$0	+279	+1.5%	$0.000000	18,735	29 Dec 2022	Common Stock	279		Direct	F1, F2, F3
transaction	ORC	Deferred Stock Units	Award	$0	+3,065	+16%	$0.000000	21,800	03 Jan 2023	Common Stock	3,065		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
F2	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 reporting person's separation from service as a director of the Issuer.
F4	The reported shares represent deferred stock units granted in lieu of cash compensation. The shares are issuable on the earlier to occur of death, disability, a change in control or separation from service.