Ava L. Parker - 02 Jan 2024 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	+2,520	+6.7%	$0.000000	40,113	02 Jan 2024	Common Stock	2,520		Direct	F1, F2
transaction	ORC	Deferred Stock Units	Award	$14,373	+1,705	+4.3%	$8.43	41,818	02 Jan 2024	Common Stock	1,705		Direct	F1, F2, F3

* 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	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.