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
$0
Form type
4
Filing time
12 Nov 2021, 15:31:02 UTC
Previous filing
02 Sep 2021
Next filing
12 Oct 2021
SEC
View on sec.gov

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 Other $0 -3,247,510 -100% $0.000000* 0 08 Sep 2021 Common Stock 3,247,510 See Footnote F1, F2, F3, F4
transaction NREF OP Units Other $0 -395,034 -100% $0.000000* 0 08 Sep 2021 Common Stock 395,034 See Footnote F1, F2, F3, F5
transaction NREF Class B OP Units Other $0 +3,247,510 $0.000000 3,247,510 08 Sep 2021 Common Stock 3,247,510 See Footnote F1, F2, F3, F4
transaction NREF Class C OP Units Other $0 +395,034 $0.000000 395,034 08 Sep 2021 Common Stock 395,034 See Footnote F1, F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common units of limited partnership interest ("OP Units") in NexPoint Real Estate Finance Operating Partnership, L.P., the operating partnership (the "OP") of NexPoint Real Estate Finance, Inc. (the "Issuer").
F2 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.
F3 Pursuant to a reclassification exempt under Rule 16b-7 promulgated under the Securities Exchange Act of 1934, each OP Unit reported herein was reclassified into a new Class B OP Unit or Class C OP Unit.
F4 These OP Units 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.
F5 These securities are held by a trust, of which Mr. Dondero is the beneficiary. Mr. Dondero disclaims beneficial ownership of such securities.