Two Harbors Investment Corp. (TWO) insider RSU award disclosed

Rhea-AI Filing Summary

Two Harbors Investment Corp. reported an equity award to its Chief Risk Officer, Robert Rush. He received 44,351 restricted stock units (RSUs) of common stock, par value $0.01 per share, as a grant for no cash consideration under the company’s 2021 Equity Incentive Plan.

The common shares underlying these RSUs will vest in three equal installments on January 7, 2027, 2028 and 2029, subject to certain exceptions. Following this grant, Rush beneficially owns 142,558 shares of the company’s common stock in direct ownership.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RUSH ROBERT

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Grant/Award	Common stock, par value $0.01 per share	44,351	$0.00	--

Holdings After Transaction: Common stock, par value $0.01 per share — 142,558 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RUSH ROBERT

(Last) (First) (Middle)

TWO HARBORS INVESTMENT CORP.

1601 UTICA AVENUE SOUTH, SUITE 900

(Street)

ST. LOUIS PARK MN 55416

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TWO HARBORS INVESTMENT CORP. [ TWO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock, par value $0.01 per share	01/07/2026		A		44,351(1)	A	$0	142,558	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

	/s/ Robert Rush	01/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who is the insider involved in this Two Harbors Investment Corp. (TWO) filing?

The filing reports a transaction by Robert Rush, who serves as Chief Risk Officer of Two Harbors Investment Corp.

What type of equity award did Robert Rush receive from Two Harbors Investment Corp. (TWO)?

Robert Rush received 44,351 restricted stock units (RSUs) of common stock, granted under the Two Harbors Investment Corp. 2021 Equity Incentive Plan.

Did Robert Rush pay cash for the 44,351 RSUs reported for Two Harbors Investment Corp. (TWO)?

No. The RSUs were received as a grant for no consideration, meaning there was no cash payment for the award.

What is the vesting schedule for the 44,351 RSUs granted by Two Harbors Investment Corp. (TWO)?

The common stock underlying the RSUs will vest in equal installments on January 7, 2027, 2028 and 2029, subject to certain exceptions.

How many Two Harbors Investment Corp. (TWO) shares does Robert Rush own after this RSU grant?

After the reported grant, Robert Rush beneficially owns 142,558 shares of Two Harbors Investment Corp. common stock, held as direct ownership.

What security is covered by this insider transaction at Two Harbors Investment Corp. (TWO)?

The transaction involves common stock, par value $0.01 per share, of Two Harbors Investment Corp., underlying the granted RSUs.