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  4. [Form 4] Orchid Island Capital, Inc. Insider Trading Activity

Orchid Island Capital (ORC) director receives 3,561 fully vested deferred stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Morabito Paula reported acquisition or exercise transactions in this Form 4 filing.

Orchid Island Capital director Paula Morabito received 3,561 deferred stock units as a compensation award. Each unit represents the right to receive one share of common stock, bringing her total deferred stock units to 52,100 held directly.

The units are fully vested but will only be paid out in shares upon a change of control of Orchid Island Capital, or upon her death, disability, or separation from service as a director. This filing reflects a routine grant rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Morabito Paula
Role Director
Type Security Shares Price Value
Grant/Award Deferred Stock Units 3,561 $0.00 --
Holdings After Transaction: Deferred Stock Units — 52,100 shares (Direct)
Footnotes (1)
  1. Each deferred stock unit represents a right to receive one share of the Issuer's common stock. 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.
Deferred stock units granted 3,561 units Grant to director Paula Morabito on reported transaction date
Total deferred stock units after grant 52,100 units Director Paula Morabito’s holdings following transaction
Conversion ratio 1 unit = 1 share Each deferred stock unit represents one common share
Transaction price per unit $0.00 Non-cash grant of deferred stock units
Deferred Stock Units financial
"security_title: "Deferred Stock Units""
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
change of control financial
"earlier to occur of a change of control or the reporting person's death"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
separation from service financial
"death, disability, or separation from service as a director of the Issuer"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Morabito Paula
(Last)(First)(Middle)
3305 FLAMINGO DRIVE
(Street)
VERO BEACH FLORIDA 32963
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Orchid Island Capital, Inc. [ ORC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units(1)04/01/2026A3,561 (2) (2)Common Stock3,561$052,100D
Explanation of Responses:
1. Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
2. 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.
/s/ Paula Morabito04/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Orchid Island Capital (ORC) director Paula Morabito report in this Form 4?

Paula Morabito reported receiving 3,561 deferred stock units in Orchid Island Capital. These units are a form of equity compensation and increase her total deferred stock unit holdings to 52,100, with each unit tied to one share of common stock.

How many Orchid Island Capital (ORC) deferred stock units does Paula Morabito hold after the grant?

After the reported grant, Paula Morabito holds 52,100 deferred stock units. This total includes the new 3,561-unit award and reflects her entire direct position in these units as of the transaction date disclosed in the filing.

What does each deferred stock unit in Orchid Island Capital (ORC) represent?

Each deferred stock unit represents the right to receive one share of Orchid Island Capital common stock. The units are a non-cash equity award that converts into shares in the future when specific payout conditions described in the filing are met.

When do Paula Morabito’s Orchid Island Capital (ORC) deferred stock units become payable?

The deferred stock units are 100% vested but only become payable upon certain events. These include a change of control of Orchid Island Capital, or Paula Morabito’s death, disability, or separation from service as a director, as specified in the filing footnotes.

Is this Orchid Island Capital (ORC) Form 4 a market purchase or sale of shares?

No. The Form 4 reflects a grant of 3,561 deferred stock units to director Paula Morabito as compensation. It is not an open-market purchase or sale of common stock, but a stock-based award that will settle in shares at a future payout event.

Are the Orchid Island Capital (ORC) deferred stock units reported by Paula Morabito vested?

Yes. The filing states the deferred stock units are 100% vested. However, even though they are fully vested, they will only be paid out in common shares upon a change of control or specified life and service events described in the footnotes.