James D. Dondero - 08 Sep 2021 Form 4 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Role
President, Director, 10%+ Owner
Signature
/s/ Brian Mitts, as attorney-in-fact for James Dondero
Issuer symbol
NREF
Transactions as of
08 Sep 2021
Net transactions value
-$56.71
Form type
4
Filing time
10 Sep 2021, 16:15:59 UTC
Previous filing
02 Sep 2021
Next filing
12 Oct 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 Award $22,478,440 +1,058,292 +763% $21.24 1,197,045 08 Sep 2021 See Footnote F1
transaction NREF Common Stock Award $8,938,768 +420,840 +641% $21.24 486,540 08 Sep 2021 See Footnote F2
holding NREF Common Stock 17,558 08 Sep 2021 Direct
holding NREF Common Stock 162,109 08 Sep 2021 See Footnote F3, F4
holding NREF Common Stock 1,800 08 Sep 2021 See Footnote F5

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 OP Units Disposed to Issuer $22,478,459 -1,058,293 -100% $21.24 0 08 Sep 2021 Common Stock 1,058,293 See Footnote F1, F6, F7, F8
transaction NREF OP Units Disposed to Issuer $8,938,805 -420,842 -11% $21.24 3,247,510 08 Sep 2021 Common Stock 420,842 See Footnote F2, F6, F7, F8
holding NREF OP Units 395,034 08 Sep 2021 Common Stock 395,034 See Footnote F4, F6, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are held by Highland Capital Management Fund Advisors, L.P. ("HCMFA") indirectly through advised accounts. Mr. Dondero is the sole stockholder and director of Strand Advisors XVI, Inc., HCMFA's general partner, and may be deemed to be an indirect beneficial owner of securities held by HCMFA. Mr. Dondero disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F2 These securities are held by NexPoint Advisors, L.P. ("NP") indirectly through advised accounts. Mr. Dondero is the sole member of NP's general partner, and may be deemed to be an indirect beneficial owner of securities held by NP. Mr. Dondero disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F3 Includes shares acquired under the Issuer's dividend reinvestment plan.
F4 These securities are held by a trust, of which Mr. Dondero is the beneficiary. Mr. Dondero disclaims beneficial ownership of such securities.
F5 These shares are held by a limited liability company in which the trust referenced in footnote 4 to this Form 4 owns a majority interest. Mr. Dondero disclaims beneficial ownership of such shares.
F6 Represents common units of limited partnership interest (the "OP Units") in NexPoint Real Estate Finance Operating Partnership, L.P., the Issuer's operating partnership (the "OP").
F7 The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.
F8 OP Units were redeemed for cash.
F9 The OP Units were vested as of the date of issuance and have no expiration date.