G. Hunter Haas IV - 26 Dec 2024 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Signature
/s/ G. Hunter Haas, IV
Issuer symbol
ORC
Transactions as of
26 Dec 2024
Net transactions value
-$7,547
Form type
4
Filing time
26 Dec 2024, 16:28:01 UTC
Previous filing
27 Nov 2024
Next filing
25 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORC Common Stock Options Exercise $0 +2,566 +3.8% $0.000000 69,957 26 Dec 2024 Direct F1
transaction ORC Common Stock Tax liability $7,547 -959 -1.4% $7.87 68,998 26 Dec 2024 Direct F2, F3

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 Performance Units Options Exercise $0 -2,567 -9.5% $0.000000 24,394 26 Dec 2024 Common Stock 2,567 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent 724 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 28, 2022 pursuant to the Issuer's 2021 Equity Incentive Plan and 2021 Long Term Equity Incentive Compensation Plan, and 1,842 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on April 13, 2023 pursuant to the Issuer's 2021 Equity Incentive Plan and 2022 Long Term Equity Incentive Compensation Plan. Cash was paid in lieu of issuing fractional shares based on the closing price of the Company's common stock on December 24, 2024.
F2 The Reporting Person disposed of these shares of the Company's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of shares.
F3 The price represents the closing price of the Company's common stock on December 24, 2024.