TWO

SEC source: 0001465740-24-000014 · wk-form4_1704926132.xml · nonDerivative · entry 2

Sandberg Rebecca B · CIK 0001447307 · Chief Legal Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 126,671

F2 · shares: Represents shares of common stock received by the reporting person in connection with the vesting of performance share units ("PSUs") previously granted to the reporting person under the Plan.

SEC source: 0001465740-24-000014 · wk-form4_1704926132.xml · nonDerivative · entry 1

Sandberg Rebecca B · CIK 0001447307 · Chief Legal Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 119,273

F1 · shares: Represents restricted stock units ("RSUs") granted to the reporting person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan ("The Plan"). The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 8, 2025, 2026 and 2027.

SEC source: 0001465740-24-000012 · wk-form4_1704926025.xml · nonDerivative · entry 2

KEEN MATTHEW · CIK 0001917084 · Chief Technology Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 35,402

F2 · shares: Represents shares of common stock received by the reporting person in connection with the vesting of performance share units ("PSUs") previously granted to the reporting person under the Plan.

SEC source: 0001465740-24-000012 · wk-form4_1704926025.xml · nonDerivative · entry 1

KEEN MATTHEW · CIK 0001917084 · Chief Technology Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 33,107

F1 · shares: Represents restricted stock units ("RSUs") granted to the reporting person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan ("The Plan"). The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 8, 2025, 2026 and 2027.

SEC source: 0001465740-24-000011 · wk-form4_1704926021.xml · nonDerivative · entry 2

RISKEY MARY KATHRYN · CIK 0001661925 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 91,683

F2 · shares: Represents shares of common stock received by the reporting person in connection with the vesting of performance share units ("PSUs") previously granted to the reporting person under the Plan.

SEC source: 0001465740-24-000011 · wk-form4_1704926021.xml · nonDerivative · entry 1

RISKEY MARY KATHRYN · CIK 0001661925 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 85,562

F1 · shares: Represents restricted stock units ("RSUs") granted to the reporting person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan (the "Plan"). The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 8, 2024, 2025 and 2026.

SEC source: 0001465740-24-000008 · wk-form4_1704925871.xml · nonDerivative · entry 1

LETICA NICHOLAS · CIK 0001942633 · Chief Investment Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 120,035

F1 · shares: Represents restricted stock units ("RSUs") granted to the reporting person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 8, 2025, 2026 and 2027.

SEC source: 0001465740-24-000004 · wk-form4_1704925544.xml · nonDerivative · entry 1

BOUCHER NATHAN · CIK 0001996647 · EVP General Counsel RoundPoint

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,819

F1 · shares: Represents restricted stock units ("RSUs") granted to the reporting person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 8, 2025, 2026 and 2027.

SEC source: 0001465740-24-000002 · wk-form4_1704924862.xml · nonDerivative · entry 1

Hughes David B · CIK 0001996871 · EVP Servicing Ops RoundPoint

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,165

F1 · shares: Represents restricted stock units ("RSUs") granted to the reporting person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 8, 2025, 2026 and 2027.

SEC source: 0001465740-24-000022 · wk-form4a_1705527463.xml · nonDerivative · entry 2

KEEN MATTHEW · CIK 0001917084 · Chief Technology Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 34,696

F3 · shares: Represents shares of common stock received by the reporting person in connection with the vesting of performance share units ("PSUs") previously granted to the reporting person under the Plan.

SEC source: 0001465740-24-000022 · wk-form4a_1705527463.xml · nonDerivative · entry 1

KEEN MATTHEW · CIK 0001917084 · Chief Technology Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 32,401

F1 · shares: Represents restricted stock units ("RSUs") granted to the reporting person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan ("The Plan"). The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 8, 2025, 2026 and 2027.

F2 · shares: This Form 4 amendment is being filed to correct the number of RSUs granted to the reported person on January 8, 2024. The original Form 4 filed on January 10, 2024 incorrectly reported a grant of 8,645 RSUs, instead of 7,939.

SEC source: 0001465740-23-000120 · wk-form4_1692216563.xml · nonDerivative · entry 1

LETICA NICHOLAS · CIK 0001942633 · Vice Pres. & Chief Inv. Off.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 77,693

F1 · kind: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of restricted stock units previously granted to the reporting person on August 15, 2023.

F2 · shares: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on August 18, 2022 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.96 to $12.965, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000109 · wf-form4_168487314139534.xml · nonDerivative · entry 1

Sandberg Rebecca B · CIK 0001447307 · General Counsel and Secretary

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 93,691

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 16, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of restricted stock units on May 19, 2023.

SEC source: 0001465740-23-000107 · wf-form4_168487305808282.xml · nonDerivative · entry 1

RISKEY MARY KATHRYN · CIK 0001661925 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 64,391

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 17, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of restricted stock units on May 19, 2023.

SEC source: 0001465740-23-000105 · wf-form4_168487295254979.xml · nonDerivative · entry 1

GREENBERG WILLIAM ROSS · CIK 0001792521 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 169,561

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on January 26, 2023 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of restricted stock units on May 19, 2023.

SEC source: 0001465740-23-000103 · wf-form4_168452859900528.xml · nonDerivative · entry 1

KASNET STEPHEN G · CIK 0001232379 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 80,035

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on August 10, 2022 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of a restricted stock unit award on May 17, 2023, as authorized by the Board of Directors of Two Harbors Investment Corp.

SEC source: 0001465740-23-000101 · wf-form4_168452848880115.xml · nonDerivative · entry 1

BENDER JAMES J · CIK 0001218336 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 26,756

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on August 10, 2022 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The Reporting Person elected to sell shares to satisfy income tax liabilities incurred in connection with the vesting of a restricted stock unit award on May 17, 2023, as authorized by the Board of Directors of Two Harbors Investment Corp.

SEC source: 0001465740-23-000099 · wf-form4_168452837025870.xml · nonDerivative · entry 1

Abraham Spencer · CIK 0001326633 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 26,632

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on August 10, 2022 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of a restricted stock unit award on May 17, 2023, as authorized by the Board of Directors of Two Harbors Investment Corp.

SEC source: 0001465740-23-000093 · wf-form4_168444196726776.xml · nonDerivative · entry 1

SANDERS WILLIAM REID · CIK 0001052783 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,862

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan for service as a director. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, on the date of the 2024 annual stockholders meeting of Two Harbors Investment Corp.

F2 · balance_after: On November 1, 2022, Two Harbors Investment Corp. effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000097 · wf-form4_168444229240533.xml · nonDerivative · entry 1

Woodhouse Hope B · CIK 0001529759 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 36,034

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan for service as a director. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, on the date of the 2024 annual stockholders meeting of Two Harbors Investment Corp.

F2 · balance_after: On November 1, 2022, Two Harbors Investment Corp. effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000095 · wf-form4_168444212763209.xml · nonDerivative · entry 1

STERN JAMES A · CIK 0001193798 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,433

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan for service as a director. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, on the date of the 2024 annual stockholders meeting of Two Harbors Investment Corp.

F2 · balance_after: On November 1, 2022, Two Harbors Investment Corp. effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000091 · wf-form4_168444183927405.xml · nonDerivative · entry 1

KASNET STEPHEN G · CIK 0001232379 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 86,898

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan for service as a director. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, on the date of the 2024 annual stockholders meeting of Two Harbors Investment Corp.

F2 · balance_after: On November 1, 2022, Two Harbors Investment Corp. effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000089 · wf-form4_168444166404324.xml · nonDerivative · entry 1

Hammond Karen · CIK 0001621626 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 38,687

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan for service as a director. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, on the date of the 2024 annual stockholders meeting of Two Harbors Investment Corp.

F2 · balance_after: On November 1, 2022, Two Harbors Investment Corp. effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000087 · wf-form4_168444138642103.xml · nonDerivative · entry 1

BENDER JAMES J · CIK 0001218336 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,522

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan for service as a director. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, on the date of the 2024 annual stockholders meeting of Two Harbors Investment Corp.

F2 · balance_after: On November 1, 2022, Two Harbors Investment Corp. effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000085 · wf-form4_168444102888736.xml · nonDerivative · entry 1

Abraham Spencer · CIK 0001326633 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,987

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan for service as a director. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, on the date of the 2024 annual stockholders meeting of Two Harbors Investment Corp.

F2 · balance_after: On November 1, 2022, Two Harbors Investment Corp. effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000059 · wf-form4_167770527137177.xml · nonDerivative · entry 1

HANSON ALECIA · CIK 0001915078 · Vice President & CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,302

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on November 13, 2022 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on February 25, 2023 of restricted stock units previously granted to the reporting person.

SEC source: 0001465740-23-000063 · wf-form4_167770552589464.xml · nonDerivative · entry 1

VINAR JASON · CIK 0001917264 · Vice President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,046

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 19, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on February 25, 2023 of restricted stock units previously granted to the reporting person.

SEC source: 0001465740-23-000061 · wf-form4_167770537981491.xml · nonDerivative · entry 1

KEEN MATTHEW · CIK 0001917084 · Vice President & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,462

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 23, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on February 25, 2023 of restricted stock units previously granted to the reporting person.

SEC source: 0001465740-23-000057 · wf-form4_167770507248606.xml · nonDerivative · entry 1

RUSH ROBERT · CIK 0001918741 · Vice President & CRO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,229

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 25, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on February 25, 2023 of restricted stock units previously granted to the reporting person.

SEC source: 0001465740-23-000042 · wf-form4_167606343164170.xml · nonDerivative · entry 1

HANSON ALECIA · CIK 0001915078 · Vice President & CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,986

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on November 13, 2022 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on February 7, 2023 of restricted stock units previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.92 to $17.19, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000052 · wf-form4_167606400627773.xml · nonDerivative · entry 1

VINAR JASON · CIK 0001917264 · Vice President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,995

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 19, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on February 7, 2023 of restricted stock units previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.94 to $17.00, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000050 · wf-form4_167606391971652.xml · nonDerivative · entry 1

Sandberg Rebecca B · CIK 0001447307 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 97,866

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 16, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on February 7, 2023 of restricted stock units previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.95 to $17.00, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000048 · wf-form4_167606380530868.xml · nonDerivative · entry 1

RUSH ROBERT · CIK 0001918741 · Vice President & CRO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,897

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 25, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on February 7, 2023 of restricted stock units previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.94 to $17.00, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000046 · wf-form4_167606368196640.xml · nonDerivative · entry 1

RISKEY MARY KATHRYN · CIK 0001661925 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 68,146

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 17, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on February 7, 2023 of restricted stock units previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.95 to $17.00, inclusive. The reporting person undertakes to provide, to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000044 · wf-form4_167606357476710.xml · nonDerivative · entry 1

KEEN MATTHEW · CIK 0001917084 · Vice President & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,620

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 23, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on February 7, 2023 of restricted stock units previously granted to the reporting person.

SEC source: 0001465740-23-000040 · wf-form4_167606332124345.xml · nonDerivative · entry 1

GREENBERG WILLIAM ROSS · CIK 0001792521 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 178,302

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on January 26, 2023 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on February 7, 2023 of restricted stock units previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.92 to $17.19, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000022 · wf-form4_167528599048148.xml · nonDerivative · entry 1

HANSON ALECIA · CIK 0001915078 · Vice President & CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,901

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on November 13, 2022 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of a restricted stock award previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.70 to $17.77, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000032 · wf-form4_167528684387406.xml · nonDerivative · entry 1

VINAR JASON · CIK 0001917264 · Vice President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,223

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 19, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of restricted stock awards previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.69 to $17.78, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000030 · wf-form4_167528668901668.xml · nonDerivative · entry 1

Sandberg Rebecca B · CIK 0001447307 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100,406

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 16, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of a restricted stock award previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.64 to $17.79, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000028 · wf-form4_167528651011950.xml · nonDerivative · entry 1

RUSH ROBERT · CIK 0001918741 · Vice President & CRO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,198

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 25, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of a restricted stock award previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.70 to $17.78, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000026 · wf-form4_167528636402865.xml · nonDerivative · entry 1

RISKEY MARY KATHRYN · CIK 0001661925 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 70,327

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 17, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of a restricted stock award previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.70 to $17.78, inclusive. The reporting person undertakes to provide, to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000024 · wf-form4_167528617381349.xml · nonDerivative · entry 1

KEEN MATTHEW · CIK 0001917084 · Vice President & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,164

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on February 23, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of a restricted stock award previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.70 to $17.78, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000020 · wf-form4_167528581711821.xml · nonDerivative · entry 1

GREENBERG WILLIAM ROSS · CIK 0001792521 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 185,710

F1 · kind: The transactions reported on this Form 4 were effected pursuant to trading instructions given by the reporting person on January 26, 2023 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2 · shares: The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of a restricted stock award previously granted to the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.64 to $17.78, inclusive. The reporting person undertakes to provide to Two Harbors Investment Corp., any security holder of Two Harbors Investment Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001465740-23-000004 · wf-form4_167407779584001.xml · nonDerivative · entry 1

HANSON ALECIA · CIK 0001915078 · Vice President & CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,927

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 13, 2024, 2025 and 2026.

F2 · balance_after: On November 1, 2022, the Issuer effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000016 · wf-form4_167407864565656.xml · nonDerivative · entry 1

VINAR JASON · CIK 0001917264 · Vice President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,454

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 13, 2024, 2025 and 2026.

F2 · balance_after: On November 1, 2022, the Issuer effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000014 · wf-form4_167407852435692.xml · nonDerivative · entry 1

Sandberg Rebecca B · CIK 0001447307 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 103,261

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 13, 2024, 2025 and 2026.

F2 · balance_after: On November 1, 2022, the Issuer effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000012 · wf-form4_167407838674653.xml · nonDerivative · entry 1

RUSH ROBERT · CIK 0001918741 · Vice President & CRO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,797

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 13, 2024, 2025 and 2026.

F2 · balance_after: On November 1, 2022, the Issuer effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000008 · wf-form4_167407805911135.xml · nonDerivative · entry 1

LETICA NICHOLAS · CIK 0001942633 · Vice Pres. & Chief Inv. Off.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,346

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 13, 2024, 2025 and 2026.

F2 · balance_after: On November 1, 2022, the Issuer effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000010 · wf-form4_167407818403604.xml · nonDerivative · entry 1

RISKEY MARY KATHRYN · CIK 0001661925 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 72,515

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 13, 2024, 2025 and 2026.

F2 · balance_after: On November 1, 2022, the Issuer effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.

SEC source: 0001465740-23-000006 · wf-form4_167407794213217.xml · nonDerivative · entry 1

KEEN MATTHEW · CIK 0001917084 · Vice President & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,910

F1 · shares: Represents restricted stock units ("RSUs") granted to the Reporting Person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. The awards were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 13, 2024, 2025 and 2026.

F2 · balance_after: On November 1, 2022, the Issuer effected a one-for-four reverse stock split of its outstanding shares of common stock. The amount of securities beneficially owned reported on this Form 4 has been adjusted to reflect the reverse stock split.