G. Hunter Haas IV - Jun 26, 2024 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Signature
/s/ G. Hunter Haas, IV
Stock symbol
ORC
Transactions as of
Jun 26, 2024
Transactions value $
-$9,907
Form type
4
Date filed
6/28/2024, 04:30 PM
Previous filing
Apr 5, 2024
Next filing
Sep 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORC Common Stock Options Exercise $0 +3.15K +5.02% $0.00 66K Jun 26, 2024 Direct F1
transaction ORC Common Stock Tax liability -$9.91K -1.18K -1.78% $8.41 64.8K Jun 26, 2024 Direct 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 Performance Units Options Exercise $0 -3.15K -9.65% $0.00 29.5K Jun 26, 2024 Common Stock 3.15K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent 587 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 22, 2021 pursuant to the Issuer's 2012 Equity Incentive Plan and 2020 Long Term Equity Incentive Compensation Plan, 724 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 28, 2022 pursuant to the Issuer's 2021 Equity Incentive Plan and 2021 Long Term Equity Incentive Compensation Plan, and 1,842 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on April 13, 2023 pursuant to the Issuer's 2021 Equity Incentive Plan and 2022 Long Term Equity Incentive Compensation Plan. Cash was paid in lieu of issuing fractional shares based on the closing price of the Company's common stock on June 25, 2024.
F2 The Reporting Person disposed of these shares of the Company's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of shares.
F3 This price represents the closing price of the Issuer's common stock on June 25, 2024.