Matt McGraner - 24 Jun 2021 Form 4 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Role
Executive VP and Chief Investment Officer
Signature
/s/ Brian Mitts, as attorney-in-fact for Matt McGraner
Issuer symbol
NREF
Transactions as of
24 Jun 2021
Net transactions value
-$139,886
Form type
4
Filing time
28 Jun 2021, 18:01:37 UTC
Previous filing
13 May 2021
Next filing
29 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NREF Common Stock Options Exercise +23,844 +81% 53,159 24 Jun 2021 Direct F1
transaction NREF Common Stock Tax liability $139,886 -6,748 -13% $20.73 46,411 24 Jun 2021 Direct
holding NREF Common Stock 1,800 24 Jun 2021 See Footnote F2
holding NREF Common Stock 65,700 24 Jun 2021 See Footnote F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NREF Restricted Stock Units Options Exercise $0 -23,844 -25% $0.000000 71,531 24 Jun 2021 Common Stock 23,844 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc.
F2 These shares are held by a limited liability company in which Mr. McGraner owns an indirect minority interest. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F3 These shares are held by NexPoint Real Estate Strategies Fund ("NRESF"). These shares were previously reported in error, as Mr. McGraner does not have voting or investment control over shares held by NRESF. Consequently, Mr. McGraner will no longer be reporting these shares held by NRESF on a going forward basis.
F4 On June 24, 2020, the reporting person was granted 95,375 restricted stock units. The restricted stock units vested one-fourth on June 24, 2021, and will vest one-fourth on May 8, 2022, one-fourth on May 8, 2023 and one-fourth on May 8, 2024. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Remarks:

Executive VP and Chief Investment Officer