ALLEN KATHLEEN 4

What Happened Kathleen Allen, a director of Orion Properties Inc. (ONL), transferred 77,243 shares on 2026-06-12 as a gift. The Form 4 shows matching "disposed" and "acquired" entries of 77,243 shares at $0.00 — reflecting a no‑consideration transfer into a trust. The filing notes these shares were received upon the vesting of restricted stock units (RSUs) before the transfer.

Key Details

• Transaction date: 2026-06-12; filing date: 2026-06-15 (Form 4 filed within the SEC two-business-day window).
• Transaction type/code: G = Gift. Price reported: $0.00.
• Shares transferred: 77,243 (disposed by Allen / acquired by a trust).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 states the shares (from RSU vesting) were transferred for no consideration to a trust for which Allen is co‑trustee and her children are sole beneficiaries; F2 clarifies Allen is co‑trustee of that trust.
• No late filing was indicated.

Context This was a gift/transfer to a family trust following RSU vesting, not an open‑market sale or purchase. Gifts and transfers to trusts are often estate or family planning moves and do not necessarily signal the insider's view of the company's outlook.