Paul C. Hughes - 15 May 2025 Form 4 Insider Report for Orion Properties Inc. (ONL)

Role: General Counsel & Secretary
Signature: /s/ Paul C. Hughes
Issuer symbol: ONL
Transactions as of: 15 May 2025
Net transactions value: $0
Form type: 4
Filing time: 16 May 2025, 18:07:58 UTC
Previous filing: 26 Mar 2025
Next filing: 20 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hughes Paul C	General Counsel & Secretary	C/O ORION PROPERTIES INC., 2398 E. CAMELBACK ROAD, SUITE 1060, PHOENIX	/s/ Paul C. Hughes	16 May 2025	0001315121

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ONL	Common Stock	Award	$0	+75,107	+125%	$0.000000	135,261	15 May 2025	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Reflects restricted stock units awarded May 15, 2025 to the Reporting Person pursuant to the Issuer's Equity Plan. Such restricted stock units vest ratably on each of the first, second and third anniversaries of March 3, 2025, subject to the Reporting Person's continued service with the Issuer through such applicable vesting date.