Two Harbors (TWO) CFO William Dellal Sells 83,388 Shares

What Happened
William Dellal, Chief Financial Officer of Two Harbors Investment Corp. (TWO), recorded a disposition of 83,388 shares on 2026-08-25. Each share was converted at $12.00, for total consideration of $1,000,656. This was a disposition to the issuer as part of the CCM merger—not an open‑market sale.

Key Details

• Transaction date: 2026-08-25
• Price per share: $12.00; total value: $1,000,656
• Transaction type/code: Disposition to issuer (D) under the merger agreement
• Shares owned after transaction: The filing does not state a post-transaction balance; per the merger terms, outstanding TWO common shares were cancelled and converted into cash (so TWO common stock holdings were effectively eliminated)
• Footnotes: F1–F2 explain the CCM Merger Agreement (effective March 27, 2026 amendment) — at the closing, each issued TWO common share and each restricted stock unit (vested or unvested) was cancelled and converted into the $12.00 cash merger consideration
• Filing timeliness: Reported with the same period date (2026-08-25); not indicated as late

Context
This was a corporate-acquisition related conversion of equity into cash as part of the CCM merger, not a personal open-market sale. Such dispositions reflect merger mechanics (cash-out at the deal price) rather than an insider buying or actively selling shares to signal sentiment.