Two Harbors director exits 59K shares at $12
TWO HARBORS INVESTMENT CORP.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
TWO HARBORS INVESTMENT CORP. (TWO) director Karen Hammond reported a disposition of common stock in connection with the closing of the merger of Two Harbors with CrossCountry Merger Corp., a subsidiary of CrossCountry Intermediate Holdco, LLC. At the merger’s effective time, her 59,097 shares of common stock were automatically cancelled and converted into the right to receive $12.00 in cash per share, reducing her reported direct holdings of Two Harbors common stock to 0 shares.
Insider Trade Summary
Disposition: 59,097 shares
Disposition
1 txn
Insider
Hammond Karen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common stock, par value $0.01 per share F1 | 59,097 | $12.00 | $709K |
Holdings After Transaction:
Common stock, par value $0.01 per share — 0 shares (Direct)
Footnotes (1)
- F1. Pursuant to the Agreement and Plan of Merger, dated March 27, 2026, by and among Two Harbors Investment Corp. ("TWO"), CrossCountry Intermediate Holdco, LLC ("CCM") and CrossCountry Merger Corp., a wholly owned subsidiary of CCM ("Merger Sub"), as amended, Merger Sub merged with and into TWO, with TWO surviving the merger as a wholly owned subsidiary of CCM (the "CCM Merger"). At the effective time of the CCM Merger (the "Effective Time"), each share of TWO's common stock that was issued and outstanding immediately prior to the Effective Time was automatically cancelled and converted into the right to receive $12.00 in cash.
Key Figures
Shares disposed: 59,097 shares
Cash consideration per share: $12.00 per share
Holdings after transaction: 0 shares
+1 more
4 metrics
Shares disposed
59,097 shares
Common stock cancelled and converted to cash at the merger’s effective time
Cash consideration per share
$12.00 per share
Each share of Two Harbors common stock converted into the right to receive this amount in cash
Holdings after transaction
0 shares
Directly owned Two Harbors common stock following the merger-related disposition
Transaction date
2026-08-25
Date of reported disposition to issuer in connection with the merger
Key Terms
Agreement and Plan of Merger, Effective Time, wholly owned subsidiary, Disposition to issuer, +1 more
5 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger, dated March 27, 2026, by and among"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Effective Time regulatory
"At the effective time of the CCM Merger (the "Effective Time"), each share"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
wholly owned subsidiary financial
"Merger Sub merged with and into TWO, with TWO surviving the merger as a wholly owned subsidiary"
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.
Disposition to issuer regulatory
"transaction_action": "issuer disposition", "transaction_code_description": "Disposition to issuer""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TWO director Karen Hammond report on this Form 4 for symbol TWO?
Karen Hammond reported a disposition of 59,097 shares of Two Harbors Investment Corp. common stock. The shares were cancelled in connection with the merger and converted into the right to receive $12.00 in cash per share, leaving her with 0 shares directly held.
Why did Karen Hammond’s holdings in TWO go to zero in this Form 4?
Her 59,097 shares of Two Harbors common stock were automatically cancelled at the effective time of the merger and converted into the right to receive cash. As a result, her reported direct ownership after the transaction is 0 shares.
What merger transaction is referenced in Karen Hammond’s Form 4 for TWO?
The filing references the CCM Merger, under which CrossCountry Merger Corp., a wholly owned subsidiary of CrossCountry Intermediate Holdco, LLC, merged with and into Two Harbors Investment Corp., with Two Harbors surviving as a wholly owned subsidiary of CrossCountry Intermediate Holdco, LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
