Two Harbors (TWO) Director Abraham Spencer Sells 35,039 Shares

What Happened

• Abraham Spencer, a director of Two Harbors Investment Corp. (TWO), had 35,039 shares disposed to the issuer on August 25, 2026. The shares were converted at $12.00 per share as part of the company’s merger, resulting in proceeds of $420,468.
• This was a disposition under the merger agreement (not an open-market sale); proceeds reflect the contractual cash-out price, not an individual trading decision.

Key Details

• Transaction date and price: 2026-08-25, disposition to issuer at $12.00 per share.
• Shares disposed: 35,039; Total cash received: $420,468.
• Shares owned after transaction: Not specified in the Form 4 (the filing notes that pre-merger shares were cancelled and converted into the right to receive $12.00).
• Footnote: The disposition occurred pursuant to the Agreement and Plan of Merger (March 27, 2026, as amended) under which Merger Sub merged with TWO and each outstanding TWO common share was cancelled and converted into $12.00 cash.
• Timeliness: Reported with a period and filing date of 2026-08-25 (no late filing indicated).

Context

• This was a merger-related conversion (transaction code D — disposition to issuer). Such conversions reflect deal terms rather than an insider’s view of the company’s prospects and are routine in mergers.
• For retail investors, note this is not the same signal as a voluntary open-market sale; proceeds came from the merger consideration.