Two Harbors (TWO) Director Karen Hammond Sells 59,097 Shares

What Happened Karen Hammond, a director of Two Harbors Investment Corp., disposed of 59,097 shares on August 25, 2026 at $12.00 per share, receiving $709,164. The disposition was a cash-out to the issuer in connection with the CCM Merger — each outstanding TWO share was cancelled and converted into $12.00 in cash at the merger's effective time.

Key Details

• Transaction date: 2026-08-25; Price: $12.00 per share; Total proceeds: $709,164
• Transaction type: Disposition to the issuer (D) pursuant to the merger agreement
• Shares owned after transaction: Shares were cancelled and converted under the merger (insider no longer holds TWO common stock)
• Footnote: The sale resulted from the Agreement and Plan of Merger (March 27, 2026) under which CrossCountry Merger Corp. merged with TWO and each outstanding TWO share was converted into $12.00 cash.
• Filing timeliness: No late-filing indication is shown in the Form 4.

Context: This was a corporate cash-out tied to the merger (not an open-market sale or purchase). Such dispositions reflect the merger consideration paid to holders, rather than an insider trading decision.