Robert Rush - 07 Jan 2026 Form 4 Insider Report for TWO HARBORS INVESTMENT CORP. (TWO)

Role: Chief Risk Officer
Signature: /s/ Robert Rush
Issuer symbol: TWO
Transactions as of: 07 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 09 Jan 2026, 16:29:11 UTC
Previous filing: 19 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
RUSH ROBERT	Chief Risk Officer	TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK	/s/ Robert Rush	09 Jan 2026	0001918741

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	+44,351	+45%	$0.000000	142,558	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.