Two Harbors (TWO) Director James J. Bender Sells 47,166 Shares

What Happened

• James J. Bender, a director of Two Harbors Investment Corp. (TWO), had 47,166 shares disposed of to the issuer on 2026-08-25. Each share was converted at $12.00 for a total of $565,992. The disposition resulted from the company’s merger, not an open-market sale.

Key Details

• Transaction date: 2026-08-25
• Price per share: $12.00; Shares disposed: 47,166; Total value: $565,992
• Transaction type/code: Disposition to issuer (D) — conversion/cash-out in connection with the merger
• Footnote: Per the Merger Agreement (effective March 27, 2026, as amended), each outstanding TWO share was automatically cancelled and converted into the right to receive $12.00 in cash.
• Shares owned after transaction: the filing does not separately list post-transaction holdings; the reported shares were cancelled and converted in the merger.
• Filing timeliness: Report filed on 2026-08-25 for a 2026-08-25 transaction (no late filing indicated).

Context

• This was a merger-related cash-out (shares converted for cash) rather than a voluntary open-market sale by the insider. Such dispositions reflect the corporate transaction terms rather than an insider expressing a view on the stock.