Stephen G. Kasnet - May 18, 2023 Form 4 Insider Report for TWO HARBORS INVESTMENT CORP. (TWO)

Role
Director
Signature
/s/ Stephen G. Kasnet, By: Rebecca B. Sandberg, Attorney-in-Fact
Stock symbol
TWO
Transactions as of
May 18, 2023
Transactions value $
-$84,278
Form type
4
Date filed
5/19/2023, 04:36 PM
Previous filing
May 18, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWO Common Stock Sale -$84.3K -6.86K -7.9% $12.28 80K May 18, 2023 Direct F1, F2
holding TWO Series A Preferred Stock, par value $0.01 per share 10K May 18, 2023 Direct
* 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 The transactions reported on this Form 4 were 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.
F2 The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of a restricted stock unit award on May 17, 2023, as authorized by the Board of Directors of Two Harbors Investment Corp.