Gavin Brandon - 15 May 2025 Form 4 Insider Report for Orion Properties Inc. (ONL)

Role: Executive Vice President, Chief Financial Officer and Treasurer
Signature: /s/ Paul C. Hughes, by power of attorney
Issuer symbol: ONL
Transactions as of: 15 May 2025
Transactions value $: $0
Form type: 4
Filing time: 16 May 2025, 18:09:05 UTC
Previous filing: 26 Mar 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Brandon Gavin	Executive Vice President, Chief Financial Officer and Treasurer	C/O ORION PROPERTIES INC., 2398 E. CAMELBACK ROAD, SUITE 1060, PHOENIX	/s/ Paul C. Hughes, by power of attorney	16 May 2025	0001543793

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ONL	Common Stock	Award	$0	+118,026	+97%	$0	239,860	15 May 2025	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 May 15, 2025 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 3, 2025, subject to the Reporting Person's continued service with the Issuer through such applicable vesting date.

Remarks:

Executive Vice President, Chief Financial Officer and Treasurer