Paula Morabito - 05 Oct 2022 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role: Director
Signature: /s/ Paula Morabito
Issuer symbol: ORC
Transactions as of: 05 Oct 2022
Net transactions value: $0
Form type: 4
Filing time: 03 Apr 2023, 17:16:53 UTC
Previous filing: 05 Jul 2022
Next filing: 03 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ORC	Common Stock	Small acquisition under Rule 16a-6		+106	+9.2%		1,261	03 Apr 2023	Direct	F1, F2, F3

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	+2,286	+18%	$0.000000	14,813	05 Oct 2022	Common Stock	2,286		Direct	F3, F4, F5
transaction	ORC	Deferred Stock Units	Award	$0	+1,747	+12%	$0.000000	16,560	03 Apr 2023	Common Stock	1,747		Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	This Form 4 has been updated to correct a de minimis error in certain prior Form 4s of the reporting person regarding the number of shares held by the reporting person.
F2	Shares were purchased in the past at various prices.
F3	The number of shares of common stock reflects the Issuer's one-for-five reverse stock split, effective August 30, 2022.
F4	Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
F5	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.