Par Sanda - 31 Dec 2025 SCHEDULE 13G/A Report for Orion Properties Inc. Common Stock (ONL)

Filing Manager: Par Sanda
Reporting Manager: Sanda Par Olof
Security: Orion Properties Inc. Common Stock
Symbol: ONL
Shares outstanding: 56,342,433 shares
Disclosed Ownership: 3,380,546 shares
Ownership: 6%
Form type: SCHEDULE 13G/A
Filing time: 10 Feb 2026, 17:21:18 UTC
Date of event: 31 Dec 2025
Previous filing: 12 Feb 2025
SEC: View on sec.gov

Reporting Managers (2)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title	CIK
Sanda Par Olof	6%	3,380,546	3,380,546		/s/ Par Olof Sanda	Individual
SAND CAPITAL ASSOCIATES LLC	5%	2,795,533	2,795,533		/s/ Par Olof Sanda	as Managing Member of Sand Capital Associates, LLC