Orchid Island Capital, Inc. 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 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. The Company did not repurchase any shares of its common stock during the three months ended September 30, 2021. As of September 30, 2021, the maximum remaining number of shares that may be repurchased under this authorization is 837,311 shares. 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, 2021. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES Not Applicable.