Schmidt Revea Lynn 4

What Happened
Revea Lynn Schmidt, Senior Vice President and Chief Accounting Officer of Orion Properties Inc. (ONL), had 4,782 shares withheld and disposed on February 26, 2026 to satisfy tax withholding related to the vesting of 15,106 restricted stock units (RSUs). The withheld shares were valued at $2.56 each based on the NYSE closing price that day, totaling $12,242. This was a tax-withholding/net settlement transaction (code F), not an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-02-26
• Action/type: Tax withholding on RSU vesting (Form 4 code F) — net share settlement
• Shares withheld (disposed): 4,782 @ $2.56 = $12,242
• RSUs that vested: 15,106 shares (withholding reflects applicable withholding rate on these vested shares) [Footnote F1]
• Price source: NYSE closing price on 2026-02-26 ($2.56) [Footnote F2]
• Filing date: 2026-03-02 — filed within the SEC’s two-business-day window (timely)
• Shares owned after transaction: Not specified in the filing

Context
This was a routine tax-withholding transaction related to RSU vesting (net/cashless settlement). Such withholdings are common and typically reflect tax obligations rather than a deliberate decision to sell shares for investment reasons. Purchases generally carry more weight as bullish signals; tax withholding from vesting is generally neutral when assessing insider sentiment.