Haas G Hunter IV 4

What Happened
Haas G Hunter IV, Chief Financial Officer of Orchid Island Capital, converted vested performance units into common stock on June 26, 2026, resulting in the issuance/acquisition of 3,031 shares. To satisfy tax withholding obligations, 1,193 of those shares were surrendered to the company at a reported price of $6.86 per share, producing $8,184 in withholding. The filing also records a related derivative conversion entry of 3,031.72 shares (no cash reported). Cash was paid in lieu of fractional shares based on the June 25, 2026 closing price.

Key Details

• Transaction date: June 26, 2026; Form 4 filed June 29, 2026 (filing appears timely).
• Shares issued on vesting: 3,031 shares (1,842 shares from April 13, 2023 units; 1,189 shares from March 19, 2024 units).
• Shares withheld for taxes: 1,193 shares surrendered to the issuer at $6.86/share = $8,184. Fractional-share cash payment based on 6/25/2026 close.
• Filing codes: M = exercise/conversion of derivative (performance units converted); F = shares surrendered for tax withholding.
• Shares owned after transaction: not specified in the public filing.
• Footnotes: awards came from the company’s 2021 Equity Incentive Plan and subsequent long-term plans; cash paid for fractional shares and share surrender satisfied tax withholding.

Context
This was a routine issuance from the vesting of performance-based awards, not an open-market purchase or a voluntary sale to a third party. The surrender of shares to cover taxes is a common cashless/withholding practice and is generally administrative rather than a stock-market sentiment signal.