Two Harbors director's 47K shares cashed 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 James J. Bender reported a disposition of common stock in connection with the completion of a merger. On 2026-08-25, 47,166 shares of common stock were cancelled and converted into the right to receive $12.00 in cash per share when Two Harbors became a wholly owned subsidiary of CrossCountry Intermediate Holdco, LLC. Following this transaction, Bender reported holding no shares of Two Harbors common stock.
Insider Trade Summary
Disposition: 47,166 shares
Disposition
1 txn
Insider
BENDER JAMES J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common stock, par value $0.01 per share F1 | 47,166 | $12.00 | $566K |
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: 47,166 shares
Cash consideration per share: $12.00 per share
Shares owned after transaction: 0 shares
3 metrics
Shares disposed
47,166 shares
Common stock cancelled and converted to cash on 2026-08-25
Cash consideration per share
$12.00 per share
Amount payable for each share of TWO common stock at the Effective Time
Shares owned after transaction
0 shares
Total common shares reported as owned by James J. Bender following the merger-related disposition
Key Terms
Agreement and Plan of Merger, wholly owned subsidiary, Effective Time, right to receive $12.00 in cash
4 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.
wholly owned subsidiary financial
"with TWO surviving the merger as a wholly owned subsidiary of CCM"
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.
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.
right to receive $12.00 in cash financial
"was automatically cancelled and converted into the right to receive $12.00 in cash"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TWO (TWO HARBORS INVESTMENT CORP.) report for James J. Bender?
James J. Bender reported a disposition of 47,166 shares of Two Harbors common stock on 2026-08-25, when those shares were cancelled and converted into the right to receive $12.00 in cash per share in connection with a merger.
What corporate event triggered the Form 4 transaction reported for TWO?
The transaction was triggered by the merger of CrossCountry Merger Corp. into Two Harbors, with Two Harbors surviving as a wholly owned subsidiary of CrossCountry Intermediate Holdco, LLC, pursuant to an Agreement and Plan of Merger dated March 27, 2026.
Was the Form 4 transaction for TWO a market sale by James J. Bender?
No. The Form 4 describes a disposition to the issuer in which shares were automatically cancelled and converted into the right to receive cash at $12.00 per share under the terms of the merger, rather than an open-market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
