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[8-K] Two Harbors Investment Corp. Reports Material Event

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Rhea-AI Filing Summary

Cloudflare, Inc. (NET) � Form 144 notice

Chief Financial Officer Thomas J. Seifert and related entities have notified the SEC of an intent to sell up to 5,600 Class A shares on or after 28 Jul 2025 through Morgan Stanley. The block, valued at $1.11 million, represents roughly 0.002 % of the company’s 310.6 million shares outstanding.

The filing also lists recent Rule 10b5-1 programmed sales: 97,426 shares were sold during the past three months for gross proceeds of about $17.5 million, with individual tranches ranging from 400 to 41,556 shares. The filer certifies no knowledge of undisclosed adverse information.

Because Form 144 is a notice, actual sales may vary or be cancelled. Although the proposed sale is immaterial to the float, the ongoing insider disposition pattern may be viewed as a mild negative signal for investor sentiment.

Cloudflare, Inc. (NET) � Avviso Modulo 144

Il Chief Financial Officer Thomas J. Seifert e entità correlate hanno notificato alla SEC l'intenzione di vendere fino a 5.600 azioni di Classe A a partire dal 28 luglio 2025 tramite Morgan Stanley. Il blocco, valutato circa 1,11 milioni di dollari, rappresenta approssimativamente lo 0,002% delle 310,6 milioni di azioni in circolazione della società.

La comunicazione include anche vendite recenti programmate secondo la Regola 10b5-1: sono state vendute 97.426 azioni negli ultimi tre mesi per un ricavo lordo di circa 17,5 milioni di dollari, con tranche individuali che variano da 400 a 41.556 azioni. Il dichiarante certifica di non avere conoscenza di informazioni negative non divulgate.

Poiché il Modulo 144 è un avviso, le vendite effettive potrebbero variare o essere annullate. Sebbene la vendita proposta sia irrilevante rispetto al flottante, il modello continuo di cessione da parte degli insider potrebbe essere interpretato come un segnale leggermente negativo per il sentiment degli investitori.

Cloudflare, Inc. (NET) � Aviso de Formulario 144

El Director Financiero Thomas J. Seifert y entidades relacionadas han notificado a la SEC su intención de vender hasta 5,600 acciones Clase A a partir del 28 de julio de 2025 a través de Morgan Stanley. El bloque, valorado en 1.11 millones de dólares, representa aproximadamente el 0.002% de las 310.6 millones de acciones en circulación de la compañía.

La presentación también incluye ventas recientes programadas bajo la Regla 10b5-1: se vendieron 97,426 acciones en los últimos tres meses por ingresos brutos de aproximadamente 17.5 millones de dólares, con tramos individuales que van de 400 a 41,556 acciones. El declarante certifica no tener conocimiento de información adversa no divulgada.

Dado que el Formulario 144 es un aviso, las ventas reales pueden variar o cancelarse. Aunque la venta propuesta es insignificante para el float, el patrón continuo de disposiciones de insiders puede interpretarse como una señal levemente negativa para el sentimiento de los inversores.

Cloudflare, Inc. (NET) � 양식 144 통지

최고재무책임�(Thomas J. Seifert)와 관� 기관들이 2025� 7� 28� 또는 � 이후� 모건 스탠리를 통해 최대 5,600� 클래� A 주식� 매도� 의사� SEC� 통지했습니다. � 블록� 가치는 � 111� 달러�, 회사� 3� 1,060� � 발행 주식� � 0.002%� 해당합니�.

신고서에� 최근 10b5-1 규칙� 따른 계획� 매도 내역� 포함되어 있습니다: 지� 3개월 동안 97,426�가 매도되어 � 1,750� 달러� 총수익을 올렸으며, 개별 매도 단위� 400주에� 41,556� 사이입니�. 신고자는 공개되지 않은 불리� 정보� 알지 못한다고 인증합니�.

양식 144� 통지서이므� 실제 매도� 변동되거나 취소� � 있습니다. 제안� 매도� 유통 주식 수에 비해 미미하지�, 내부� 매도 패턴� 계속되는 것은 투자� 심리� 다소 부정적� 신호� 해석� � 있습니다.

Cloudflare, Inc. (NET) � Avis de formulaire 144

Le directeur financier Thomas J. Seifert et des entités associées ont informé la SEC de leur intention de vendre jusqu'à 5 600 actions de Classe A à partir du 28 juillet 2025 via Morgan Stanley. Ce bloc, évalué à environ 1,11 million de dollars, représente environ 0,002 % des 310,6 millions d'actions en circulation de la société.

Le dépôt mentionne également des ventes récentes programmées selon la règle 10b5-1 : 97 426 actions ont été vendues au cours des trois derniers mois pour un produit brut d'environ 17,5 millions de dollars, avec des tranches individuelles allant de 400 à 41 556 actions. Le déclarant certifie ne pas avoir connaissance d'informations défavorables non divulguées.

Étant donné que le formulaire 144 est un avis, les ventes effectives peuvent varier ou être annulées. Bien que la vente proposée soit insignifiante par rapport au flottant, le schéma continu de cessions par les initiés peut être perçu comme un signal légèrement négatif pour le sentiment des investisseurs.

Cloudflare, Inc. (NET) � Formular 144 Mitteilung

Finanzvorstand Thomas J. Seifert und verbundene Einheiten haben der SEC die Absicht mitgeteilt, bis zu 5.600 Class A Aktien ab dem 28. Juli 2025 über Morgan Stanley zu verkaufen. Das Paket im Wert von rund 1,11 Millionen US-Dollar entspricht etwa 0,002 % der 310,6 Millionen ausstehenden Aktien des Unternehmens.

Die Meldung enthält auch kürzlich programmierte Verkäufe gemäß Regel 10b5-1: In den letzten drei Monaten wurden 97.426 Aktien verkauft, mit Bruttoerlösen von etwa 17,5 Millionen US-Dollar, wobei einzelne Tranchen zwischen 400 und 41.556 Aktien lagen. Der Meldende bestätigt, keine Kenntnis von nicht veröffentlichten negativen Informationen zu haben.

Da Formular 144 eine Mitteilung ist, können tatsächliche Verkäufe variieren oder storniert werden. Obwohl der vorgeschlagene Verkauf für den Streubesitz unerheblich ist, könnte das fortlaufende Muster von Insiderverkäufen als leicht negatives Signal für die Anlegerstimmung gewertet werden.

Positive
  • None.
Negative
  • Continued insider selling: 97,426 shares sold in the last three months plus a planned 5,600-share sale may signal reduced management confidence.

Insights

TL;DR: CFO plans 5.6k-share sale; 97k shares already sold—small to float but supports continuing insider-selling trend.

The proposed $1.1 million sale equals only ~0.002 % of shares outstanding, so supply impact is negligible. However, when combined with the prior 97,426 shares off-loaded for ~$17.5 million over three months, it reinforces an ongoing insider-selling cadence. Persistent executive sales—especially by the CFO—can pressure sentiment, even if executed under 10b5-1 plans. No operational data accompany the filing, so the fundamental thesis for NET remains unchanged. I view the disclosure as modestly negative given the cumulative pattern, not the size of this specific trade.

TL;DR: Transaction is de minimis to float; unlikely to alter supply-demand dynamics, view as neutral.

The 5,600-share intent is trivial relative to NET’s float and daily volume. Moreover, trades appear pre-scheduled, limiting informational value. While insiders have sold nearly 100k shares recently, that still equates to <0.05 % of shares outstanding—hardly thesis-changing. Unless additional executives join the selling or volumes accelerate, I consider the filing administratively routine. Portfolio action: monitor but no immediate adjustment.

Cloudflare, Inc. (NET) � Avviso Modulo 144

Il Chief Financial Officer Thomas J. Seifert e entità correlate hanno notificato alla SEC l'intenzione di vendere fino a 5.600 azioni di Classe A a partire dal 28 luglio 2025 tramite Morgan Stanley. Il blocco, valutato circa 1,11 milioni di dollari, rappresenta approssimativamente lo 0,002% delle 310,6 milioni di azioni in circolazione della società.

La comunicazione include anche vendite recenti programmate secondo la Regola 10b5-1: sono state vendute 97.426 azioni negli ultimi tre mesi per un ricavo lordo di circa 17,5 milioni di dollari, con tranche individuali che variano da 400 a 41.556 azioni. Il dichiarante certifica di non avere conoscenza di informazioni negative non divulgate.

Poiché il Modulo 144 è un avviso, le vendite effettive potrebbero variare o essere annullate. Sebbene la vendita proposta sia irrilevante rispetto al flottante, il modello continuo di cessione da parte degli insider potrebbe essere interpretato come un segnale leggermente negativo per il sentiment degli investitori.

Cloudflare, Inc. (NET) � Aviso de Formulario 144

El Director Financiero Thomas J. Seifert y entidades relacionadas han notificado a la SEC su intención de vender hasta 5,600 acciones Clase A a partir del 28 de julio de 2025 a través de Morgan Stanley. El bloque, valorado en 1.11 millones de dólares, representa aproximadamente el 0.002% de las 310.6 millones de acciones en circulación de la compañía.

La presentación también incluye ventas recientes programadas bajo la Regla 10b5-1: se vendieron 97,426 acciones en los últimos tres meses por ingresos brutos de aproximadamente 17.5 millones de dólares, con tramos individuales que van de 400 a 41,556 acciones. El declarante certifica no tener conocimiento de información adversa no divulgada.

Dado que el Formulario 144 es un aviso, las ventas reales pueden variar o cancelarse. Aunque la venta propuesta es insignificante para el float, el patrón continuo de disposiciones de insiders puede interpretarse como una señal levemente negativa para el sentimiento de los inversores.

Cloudflare, Inc. (NET) � 양식 144 통지

최고재무책임�(Thomas J. Seifert)와 관� 기관들이 2025� 7� 28� 또는 � 이후� 모건 스탠리를 통해 최대 5,600� 클래� A 주식� 매도� 의사� SEC� 통지했습니다. � 블록� 가치는 � 111� 달러�, 회사� 3� 1,060� � 발행 주식� � 0.002%� 해당합니�.

신고서에� 최근 10b5-1 규칙� 따른 계획� 매도 내역� 포함되어 있습니다: 지� 3개월 동안 97,426�가 매도되어 � 1,750� 달러� 총수익을 올렸으며, 개별 매도 단위� 400주에� 41,556� 사이입니�. 신고자는 공개되지 않은 불리� 정보� 알지 못한다고 인증합니�.

양식 144� 통지서이므� 실제 매도� 변동되거나 취소� � 있습니다. 제안� 매도� 유통 주식 수에 비해 미미하지�, 내부� 매도 패턴� 계속되는 것은 투자� 심리� 다소 부정적� 신호� 해석� � 있습니다.

Cloudflare, Inc. (NET) � Avis de formulaire 144

Le directeur financier Thomas J. Seifert et des entités associées ont informé la SEC de leur intention de vendre jusqu'à 5 600 actions de Classe A à partir du 28 juillet 2025 via Morgan Stanley. Ce bloc, évalué à environ 1,11 million de dollars, représente environ 0,002 % des 310,6 millions d'actions en circulation de la société.

Le dépôt mentionne également des ventes récentes programmées selon la règle 10b5-1 : 97 426 actions ont été vendues au cours des trois derniers mois pour un produit brut d'environ 17,5 millions de dollars, avec des tranches individuelles allant de 400 à 41 556 actions. Le déclarant certifie ne pas avoir connaissance d'informations défavorables non divulguées.

Étant donné que le formulaire 144 est un avis, les ventes effectives peuvent varier ou être annulées. Bien que la vente proposée soit insignifiante par rapport au flottant, le schéma continu de cessions par les initiés peut être perçu comme un signal légèrement négatif pour le sentiment des investisseurs.

Cloudflare, Inc. (NET) � Formular 144 Mitteilung

Finanzvorstand Thomas J. Seifert und verbundene Einheiten haben der SEC die Absicht mitgeteilt, bis zu 5.600 Class A Aktien ab dem 28. Juli 2025 über Morgan Stanley zu verkaufen. Das Paket im Wert von rund 1,11 Millionen US-Dollar entspricht etwa 0,002 % der 310,6 Millionen ausstehenden Aktien des Unternehmens.

Die Meldung enthält auch kürzlich programmierte Verkäufe gemäß Regel 10b5-1: In den letzten drei Monaten wurden 97.426 Aktien verkauft, mit Bruttoerlösen von etwa 17,5 Millionen US-Dollar, wobei einzelne Tranchen zwischen 400 und 41.556 Aktien lagen. Der Meldende bestätigt, keine Kenntnis von nicht veröffentlichten negativen Informationen zu haben.

Da Formular 144 eine Mitteilung ist, können tatsächliche Verkäufe variieren oder storniert werden. Obwohl der vorgeschlagene Verkauf für den Streubesitz unerheblich ist, könnte das fortlaufende Muster von Insiderverkäufen als leicht negatives Signal für die Anlegerstimmung gewertet werden.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report: July 28, 2025
Two Harbors Investment Corp.
(Exact name of registrant as specified in its charter)
Maryland001-3450627-0312904
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
1601 Utica Avenue South, Suite 900
St. Louis Park,
MN
55416
(Address of Principal Executive Offices)
(Zip Code)
(612) 453-4100
Registrant's telephone number, including area code

(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 Securities Registered Pursuant to Section 12(b) of the Act:
Title of Each Class:Trading Symbol(s)Name of Exchange on Which Registered:
Common Stock, par value $0.01 per shareTWONew York Stock Exchange
8.125% Series A Cumulative Redeemable Preferred StockTWO PRANew York Stock Exchange
7.625% Series B Cumulative Redeemable Preferred StockTWO PRBNew York Stock Exchange
7.25% Series C Cumulative Redeemable Preferred StockTWO PRCNew York Stock Exchange
9.375% Senior Notes Due 2030TWODNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging Growth Company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.




Item 2.02           Results of Operations and Financial Condition.

On July 28, 2025, Two Harbors Investment Corp. issued a press release announcing its financial results for the fiscal quarter ended June 30, 2025. A copy of the press release and the 2025 Second Quarter Earnings Call Presentation are attached hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.

The information in Item 2.02 of this Current Report, including Exhibits 99.1 and 99.2 attached hereto, is furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed to be “filed” for any other purpose, including for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in Item 2.02 of this Current Report, including Exhibits 99.1 and 99.2, shall not be deemed incorporated by reference into any filing of the registrant under the Securities Act of 1933 or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filings (unless the registrant specifically states that the information or exhibit in this Item 2.02 is incorporated by reference).




Item 9.01Financial Statements and Exhibits.

(d) Exhibits.
Exhibit No.Description
99.1 
Press Release of Two Harbors Investment Corp., dated July 28, 2025.
99.2 
2025 Second Quarter Earnings Call Presentation.
104 Cover Page Interactive Data File, formatted in Inline XBRL.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


 
 
 
 
 




 
 




 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 TWO HARBORS INVESTMENT CORP.
   
   
 By:/s/ REBECCA B. SANDBERG
  Rebecca B. Sandberg
  Chief Legal Officer and Secretary
   
Date: July 28, 2025  
 


FAQ

How many Cloudflare (NET) shares are proposed for sale in this Form 144?

5,600 Class A shares with an estimated market value of $1.11 million.

Who is the seller in Cloudflare's Form 144 filed on 28-Jul-2025?

Chief Financial Officer Thomas J. Seifert and affiliated entities under a Rule 10b5-1 plan.

What percentage of Cloudflare’s outstanding shares does the proposed sale represent?

Approximately 0.002 % of the 310.6 million shares outstanding.

How many Cloudflare shares have insiders sold in the past three months?

The filing reports 97,426 shares sold for roughly $17.5 million in gross proceeds.

Does Form 144 guarantee that the shares will be sold?

No. Form 144 is only a notice of intent; actual sales may differ or be cancelled.
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