Two Harbors (TWO) Director Stephen G. Kasnet Sells 95,993 Shares

What Happened
Stephen G. Kasnet, a director of Two Harbors Investment Corp. (TWO), had 95,993 shares disposed of to the issuer on 2026-08-25 at $12.00 per share, for total consideration of $1,151,916. The disposition was a cash conversion tied to the merger transaction (not an open-market sale).

Key Details

• Transaction date: 2026-08-25; Price: $12.00 per share; Shares: 95,993; Total value: $1,151,916.
• Shares owned after transaction: 0 shares of TWO (all outstanding shares were cancelled at the Effective Time).
• Footnote: Per the Agreement and Plan of Merger (dated March 27, 2026, as amended), Merger Sub merged with and into TWO and each outstanding TWO common share was cancelled and converted into $12.00 in cash.
• Filing timeliness: Reported on 2026-08-25 (same day), indicating a timely Form 4 filing.

Context
This was a corporate-merger cash-out (disposition to the issuer) — a procedural conversion of equity to merger consideration — rather than a voluntary open-market sale that might reflect the insider's view. For retail investors, merger-driven conversions are routine and do not necessarily signal management sentiment about the company's future performance.