James D. Campbell - 07 Jan 2026 Form 4 Insider Report for TWO HARBORS INVESTMENT CORP. (TWO)

Role: EVP Servicing Ops RoundPoint
Signature: /s/ James D. Campbell
Issuer symbol: TWO
Transactions as of: 07 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 09 Jan 2026, 16:16:51 UTC
Previous filing: 10 Jan 2025
Next filing: 12 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Campbell James D	EVP Servicing Ops RoundPoint	TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK	/s/ James D. Campbell	09 Jan 2026	0002038877

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	+24,089	+164%	$0.000000	38,748	07 Jan 2026	Direct	F1

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

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. The RSUs were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain exceptions, in equal installments on January 7, 2027, 2028 and 2029.