Orchid Island Capital, Inc. 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS The table below presents the Company’s share repurchase activity for the three months ended September 30, 2020. Shares Purchased Maximum Number Total Number Weighted-Average as Part of Publicly of Shares That May Yet of Shares Price Paid Announced Be Repurchased Under Repurchased (1) Per Share Programs (2) the Authorization (2) July 1, 2020 - July 31, 2020 - $ - - 837,311 August 1, 2020 - August 31, 2020 - - - 837,311 September 1, 2020 - September 30, 2020 303 5.05 - 837,311 Totals / Weighted Average 303 $ 5.05 - 837,311 (1) Includes shares of the Company’s common stock acquired by the Company in connection with the satisfaction of tax withholding obligations on vested employment-related awards under equity incentive plans. These repurchases do not reduce the number of shares available under the stock repurchase program authorization. (2) On July 29, 2015, the Company's Board of Directors authorized the repurchase of up to 2,000,000 shares of the Company's common stock. On February 8, 2018, the Board of Directors approved an increase in the stock repurchase program for up to an additional 4,522,822 shares of the Company's common stock. Unless modified or revoked by the Board, the authorization does not expire. The Company did not have any unregistered sales of its equity securities during the three months ended September 30, 2020. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES Not Applicable.