FRANK P. FILIPPS - 02 Oct 2023 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Director
Signature
/s/ Frank P. Filipps
Issuer symbol
ORC
Transactions as of
02 Oct 2023
Transactions value $
$0
Form type
4
Filing time
03 Oct 2023, 17:32:59 UTC
Previous filing
05 Jul 2023
Next filing
05 Jan 2024
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 +2.5K +15.04% $0.00 19.1K 02 Oct 2023 Common Stock 2.5K 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.