FRANK P. FILIPPS - 03 Jul 2023 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Director
Signature
/s/ Frank P. Filipps
Issuer symbol
ORC
Transactions as of
03 Jul 2023
Transactions value $
$0
Form type
4
Filing time
05 Jul 2023, 16:15:27 UTC
Previous filing
14 Feb 2023
Next filing
03 Oct 2023
SEC
View on sec.gov

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 Deferred Stock Units Award $0 +1.85K +12.57% $0.00 16.6K 03 Jul 2023 Common Stock 1.85K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
F2 The deferred stock units are 100% vested but do not become payable until the earlier to occur of a change of control or the reporting person's death, disability, or separation from service as a director of the Issuer.