Spencer Abraham - May 14, 2025 Form 4 Insider Report for TWO HARBORS INVESTMENT CORP. (TWO)

Role
Director
Signature
/s/ Spencer Abraham, By: Rebecca B. Sandberg, Attorney-in-Fact
Stock symbol
TWO
Transactions as of
May 14, 2025
Transactions value $
-$43,619
Form type
4
Date filed
5/16/2025, 04:14 PM
Previous filing
May 5, 2025
Next filing
Jun 3, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Abraham Spencer Director TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK /s/ Spencer Abraham, By: Rebecca B. Sandberg, Attorney-in-Fact 2025-05-16 0001326633

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWO Common stock, par value $0.01 per share Award $0 +11.3K +35.45% $0.00 43.2K May 14, 2025 Direct F1
transaction TWO Common stock, par value $0.01 per share Sale -$43.6K -3.64K -8.43% $11.98 39.6K May 16, 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") granted to the reporting person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan for service as a director. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, on the date of the 2026 annual meeting of the stockholders of Two Harbors Investment Corp.
F2 The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of RSUs previously granted to the reporting person. The sale reported on this Form 4 was effected pursuant to trading instructions given by the reporting person on August 10, 2022 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.