Richard J. Lieb - 14 May 2025 Form 4 Insider Report for Orion Properties Inc. (ONL)

Role: Director
Signature: /s/ Paul C. Hughes, by power of attorney
Issuer symbol: ONL
Transactions as of: 14 May 2025
Net transactions value: $0
Form type: 4
Filing time: 16 May 2025, 17:13:32 UTC
Previous filing: 28 May 2024
Next filing: 02 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Lieb Richard J	Director	C/O ORION PROPERTIES INC., 2398 E. CAMELBACK ROAD, SUITE 1060, PHOENIX	/s/ Paul C. Hughes, by power of attorney	16 May 2025	0001430075

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ONL	Common Stock	Award	$0	+50,505	+90%	$0.000000	106,616	14 May 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSUs") granted to the Reporting Person pursuant to the Issuer's equity plan. The RSUs vest in full on the earlier to occur of (i) the one-year anniversary of the grant date or (ii) the date of the annual meeting of the Issuer's stockholders next following the grant date, subject to the Reporting Person's continued service with the Issuer through such date.