Robert E. Cauley - Jun 30, 2022 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: Jun 30, 2022
Transactions value $: -$3,384
Form type: 4
Date filed: 7/5/2022, 04:50 PM
Previous filing: Mar 29, 2022
Next filing: Sep 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ORC	Common Stock	Options Exercise	$0	+6.27K	+3.08%	$0.00	210K	Jun 30, 2022	Direct	F1
transaction	ORC	Common Stock	Tax liability	-$3.38K	-1.16K	-0.55%	$2.93	209K	Jun 30, 2022	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	-6.27K	-4.69%	$0.00	128K	Jun 30, 2022	Common Stock	6.27K		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 6,270 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 Long Term Incentive Compensation Plan and 2020 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 27, 2022.
F2	The price represents the closing price of the Company's common stock on June 27, 2022.
F3	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.