X0306 4 2021-03-22 0001518621 Orchid Island Capital, Inc. ORC 0001303084 Cauley Robert E C/O BIMINI CAPITAL MANAGEMENT, INC 3305 FLAMINGO DRIVE VERO BEACH FL 32963 true true Chief Executive Officer Common Stock 2021-03-22 4 A 0 62705 5.88 A 170269 D Common Stock 2021-03-22 4 F 0 23667 5.88 D 146602 D Performance Units 2021-03-22 4 A 0 62705 5.88 A 2022-03-31 2024-06-28 Comon Stock 62705 64656 D Shares of the Company's common stock issued under the 2012 Equity Incentive Compensation Plan and the 2020 Long-Term Incentive Compensation Plan. The price is based on the average market closing price for the 10 day period ending on March 19, 2021. The Reporting Person disposed of these shares of the Company's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the grant of shares that occurred on March 22, 2021. Performance units issued under the 2012 Equity Incentive Compensation Plan and the 2020 Long-Term Incentive Compensation Plan. The price is based on the average market closing price for the 10 day period ending on March 19, 2021. The performance units are earned at the rate of 10% per quarter commencing with the quarter ending March 31, 2022 and concluding with the quarter ending June 30, 2024. Each performance unit shall be settled by the issuance of one share of the Company's common stock, at which time the performance unit shall be cancelled. Each performance unit is subject to adjustment as set forth in a performance unit award agreement by and between the Issuer and the Reporting Person. /s/ Robert E. Cauley 2021-03-23