Day Christopher Haviland 4

What happened

• Christopher Haviland, Executive Vice President and Chief Operating Officer of Orion Properties (ONL), had 6,375 shares of company stock disposed on February 26, 2026 to satisfy tax withholding obligations tied to a restricted stock unit (RSU) vesting. The shares were valued at $2.56 each (NYSE close), for a total of approximately $16,320. This was a tax-withholding disposition (F), not an open-market sale for investment purposes.

Key details

• Transaction date and price: 2026-02-26, 6,375 shares at $2.56 per share (closing price).
• Total value withheld: ~$16,320.
• Reason/footnotes: Footnote F1 states the withheld shares reflect the applicable withholding rate applied to 20,141 RSUs that vested; F2 notes the $2.56 closing sale price on Feb 26, 2026.
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: Form 4 was filed on 2026-03-02 for a 2026-02-26 transaction, which is within the typical two-business-day reporting window (timely).

Context

• This was a routine tax-withholding transaction tied to RSU vesting (a common "cashless" method where shares are surrendered to cover taxes). Such withholdings are administrative and do not necessarily indicate the insider is reducing (or increasing) a stake for investment reasons.