Robert Rush - 17 Dec 2025 Form 4 Insider Report for TWO HARBORS INVESTMENT CORP. (TWO)

Reporting relationship: Chief Risk Officer
Issuer ticker: TWO
Reported as of: 17 Dec 2025
Net transaction value: -$269,561
SEC form: 4
Accepted by SEC: 19 Dec 2025, 17:27:55 UTC
Prior SEC filing: 11 Feb 2025
Next SEC filing: 09 Jan 2026
Source filing: View source filing
Reporting owner signature: /s/ Robert Rush

Key filing fact

Robert Rush filed Form 4 for TWO HARBORS INVESTMENT CORP. (TWO) on 19 Dec 2025.

Key facts

This page summarizes Robert Rush's Form 4 filing for TWO HARBORS INVESTMENT CORP. (TWO).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 19 Dec 2025, 17:27.

Change

Previous filing in this sequence was filed on 11 Feb 2025.
Current net transaction value: -$269,561.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001918741 Primary reporting owner

RUSH ROBERT

Relationship: Chief Risk Officer
Address: TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK
Signature: /s/ Robert Rush
Signature date: 19 Dec 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TWO transaction

Common stock, par value $0.01 per share

Award

Transaction value: $0
Shares: +34,714
Change %: +40%
Price: $0.000000
Shares after: 121,801
Date: 17 Dec 2025
Ownership: Direct
Footnotes: F1

TWO transaction

Common stock, par value $0.01 per share

Sale

Transaction value: $269,561
Shares: -23,594
Change %: -19%
Price: $11.42
Shares after: 98,207
Date: 19 Dec 2025
Ownership: Direct
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 3 footnotes

Footnote F1

Represents shares of common stock received by the reporting person in connection with the vesting of performance share units previously granted to the reporting person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan.

Footnote F2

The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the accelerated vesting of restricted stock units and performance share units 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 February 25, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.42 to $11.44, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.