Robert E. Cauley - Sep 26, 2024 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Chief Executive Officer, Director
Signature
/s/ Robert E. Cauley
Stock symbol
ORC
Transactions as of
Sep 26, 2024
Transactions value $
-$5,490
Form type
4
Date filed
9/27/2024, 05:13 PM
Previous filing
Sep 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORC Common Stock Options Exercise $0 +3.37K +2.61% $0.00 132K Sep 26, 2024 Direct F1
transaction ORC Common Stock Tax liability -$5.49K -682 -0.52% $8.05 132K Sep 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 -3.37K -9.38% $0.00 32.5K Sep 26, 2024 Common Stock 3.37K 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 950 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 2,418 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 September 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 September 25, 2024.