William Ross Greenberg - 30 Dec 2025 Form 4 Insider Report for TWO HARBORS INVESTMENT CORP. (TWO)

Role: Chief Executive Officer, Director
Signature: /s/ William Greenberg
Issuer symbol: TWO
Transactions as of: 30 Dec 2025
Net transactions value: -$1,749,993
Form type: 4
Filing time: 31 Dec 2025, 17:02:19 UTC
Previous filing: 19 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
GREENBERG WILLIAM ROSS	Chief Executive Officer, Director	TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK	/s/ William Greenberg	31 Dec 2025	0001792521

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	Tax liability	$1,749,993	-154,593	-22%	$11.32	546,106	30 Dec 2025	Direct	F1, F2
holding	TWO	Common stock, par value $0.01 per share						3,025	30 Dec 2025	By Spouse	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the number of common shares surrendered to pay applicable taxes in connection with an election made pursuant to Section 83(b) of the Internal Revenue Code with respect to the grant of restricted common stock on December 18, 2025.
F2	The reported price is equal to the closing price of the Issuer's common stock on the date of grant of the restricted common stock, December 18, 2025.
F3	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.