Smith Quentin P. Jr. 4

What Happened
Quentin P. Smith Jr., a director of Orion Group Holdings Inc. (ORN), reported the disposition of 10,695 shares on March 10, 2026. The shares were disposed at $12.25 per share for a total proceeds of approximately $131,014. The Form 4 lists the transaction as an open-market or private sale (transaction code S), which is a sale rather than a purchase.

Key Details

• Transaction date: 2026-03-10
• Transaction type/code: Sale (S) — reported as open-market/private sale
• Price per share: $12.25
• Shares sold: 10,695
• Total proceeds: ~$131,014
• Shares owned after transaction: Not specified in the provided filing summary
• Notable footnotes/plans: None disclosed in the provided information (no 10b5-1 or tax-withholding notes shown)
• Filing timeliness: Reported on 2026-03-10 (no late filing indicated)

Context
Sales by directors can be routine (liquidity needs, diversification, pre-arranged plans) and do not necessarily reflect a change in sentiment about the company. For retail investors, purchases typically carry more direct informational weight than isolated sales. This single reported sale should be weighed with other insider transactions and company fundamentals before drawing conclusions.