X0508 4 2025-12-22 0 0001465740 TWO HARBORS INVESTMENT CORP. TWO 0001829071 Dellal William TWO HARBORS INVESTMENT CORP. 1601 UTICA AVENUE SOUTH, SUITE 900 ST. LOUIS PARK MN 55416 0 1 0 0 Chief Financial Officer 1 Common stock, par value $0.01 per share 2025-12-22 4 S 0 7087 11.4434 D 36703 D 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. The transaction reported on this Form 4 was effected pursuant to trading instructions given by the reporting person on May 22, 2025 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.44 to $11.45, 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. /s/ William Dellal 2025-12-22