X0609 4 2026-05-13 0 0001873923 Orion Properties Inc. ONL 0001206771 ALLEN KATHLEEN false C/O ORION PROPERTIES INC. 3200 E. CAMELBACK ROAD, SUITE 100 PHOENIX AZ 85018 1 0 0 0 0 Common Stock 2026-05-13 4 A 0 34483 0 A 111726 D Common Stock 37170 I By Trust Represents restricted stock units ("RSUs") granted to the Reporting Person pursuant to the Issuer's equity plan. The RSUs vest in full on the earlier to occur of (i) the one-year anniversary of the grant date or (ii) the date of the annual meeting of the Issuer's stockholders next following the grant date, subject to the Reporting Person's continued service with the Issuer through such date. The Reporting Person is the co-trustee of a trust that benefits the children of the Reporting Person. /s/ Paul C. Hughes, by power of attorney 2026-05-15