Ava L. Parker - 03 Jul 2023 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Director
Signature
/s/ Ava L. Parker
Issuer symbol
ORC
Transactions as of
03 Jul 2023
Net transactions value
+$15,349
Form type
4
Filing time
05 Jul 2023, 16:17:45 UTC
Previous filing
29 Jun 2023
Next filing
01 Aug 2023
SEC
View on sec.gov

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 +1,854 +6.9% $0.000000 28,706 03 Jul 2023 Common Stock 1,854 Direct F1, F2
transaction ORC Deferred Stock Units Award $15,349 +1,483 +5.2% $10.35 30,189 03 Jul 2023 Common Stock 1,483 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
F2 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.
F3 The reported shares represent deferred stock units granted in lieu of cash compensation.