William Greenberg - Feb 9, 2024 Form 4 Insider Report for TWO HARBORS INVESTMENT CORP. (TWO)

Signature
/s/ William Greenberg
Stock symbol
TWO
Transactions as of
Feb 9, 2024
Transactions value $
-$88,174
Form type
4
Date filed
2/12/2024, 04:48 PM
Previous filing
Jan 18, 2024
Next filing
May 22, 2024

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 Sale -$88.2K -7.17K -2.64% $12.30 264K Feb 9, 2024 Direct F1
holding TWO Common stock, par value $0.01 per share 3.03K Feb 9, 2024 By Spouse 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 The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of restricted stock units previously granted to the reporting person. The transaction reported on this Form 4 was effected pursuant to trading instructions given by the reporting person on January 26, 2023 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
F2 Includes 3,025 shares held by the reporting person's spouse. While the reporting person retains a pecuniary interest in these shares, he does not have dispositive or voting power with respect thereto and he disclaims any beneficial ownership interest therein.