Paula Morabito - Oct 5, 2022 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role: Director
Signature: /s/ Paula Morabito
Stock symbol: ORC
Transactions as of: Oct 5, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/3/2023, 05:16 PM
Previous filing: Jul 5, 2022
Next filing: Jan 3, 2023

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	+9.18%		1.26K	Apr 3, 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	+2.29K	+18.25%	$0.00	14.8K	Oct 5, 2022	Common Stock	2.29K		Direct	F3, F4, F5
transaction	ORC	Deferred Stock Units	Award	$0	+1.75K	+11.79%	$0.00	16.6K	Apr 3, 2023	Common Stock	1.75K		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.