Paul C. Hughes - 12 Mar 2026 Form 4 Insider Report for Orion Properties Inc. (ONL)

Role: General Counsel & Secretary
Signature: /s/ Paul C. Hughes
Issuer symbol: ONL
Transactions as of: 12 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 16 Mar 2026, 17:18:10 UTC
Previous filing: 10 Mar 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., 3200 E. CAMELBACK ROAD, SUITE 100, PHOENIX	/s/ Paul C. Hughes	16 Mar 2026	0001315121

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ONL	Common Stock	Award		+73,222	+61%	$0.000000^*	192,565	12 Mar 2026	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 March 12, 2026, 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 4, 2026, subject to the Reporting Person's continued service with the Issuer through such applicable vesting date.