James Dondero - Feb 15, 2022 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role
President, Director, 10%+ Owner
Signature
/s/ Brian Mitts, as attorney-in-fact
Stock symbol
NXRT
Transactions as of
Feb 15, 2022
Transactions value $
$0
Form type
4
Date filed
2/17/2022, 05:24 PM
Previous filing
Feb 16, 2022
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXRT Common Stock Options Exercise +16.4K +44.06% 53.8K Feb 15, 2022 Direct F1, F3
holding NXRT Common Stock 146K Feb 15, 2022 By NexPoint Advisors, L.P. F2, F3
holding NXRT Common Stock 347K Feb 15, 2022 By Highland Capital Management Fund Advisors, L.P. F3, F4
holding NXRT Common Stock 2.01M Feb 15, 2022 By trust F5
holding NXRT Common Stock 12.1K Feb 15, 2022 See Footnote F6
holding NXRT Common Stock 63.7K Feb 15, 2022 See Footnote F7

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 NXRT Restricted Stock Units Options Exercise $0 -16.4K -100% $0.00* 0 Feb 15, 2022 Common Stock 16.4K Direct F1, F8
transaction NXRT Restricted Stock Units Award $0 +44.1K $0.00 44.1K Feb 17, 2022 Common Stock 44.1K Direct F1, F9
* 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 Residential Trust, Inc.
F2 These shares 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 shares held by NP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F3 Includes shares acquired under the issuer's dividend reinvestment plan.
F4 These shares 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 shares held by HCMFA. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F5 These shares are held by a trust and includes shares that were previously reported as held through an LLC in which the trust owns a majority interest. Mr. Dondero disclaims beneficial ownership of such shares. Mr. Dondero disclaims beneficial ownership of such shares.
F6 These shares are held through PCMG Trading Partners XXIII, L.P. ("PCMG"). The reporting person may be deemed to be an indirect beneficial owner of the shares held by PCMG. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F7 These shares are held by subsidiaries of trust referenced in footnote 5 to this Form 4. Mr. Dondero disclaims beneficial ownership of such shares.
F8 On February 15, 2018, the reporting person was granted 65,772 restricted stock units which vested 25% on February 15, 2019, 25% on February 15, 2020 and 25% on February 15, 2021, and 25% on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F9 On February 17, 2022, the reporting person was granted 44,051 restricted stock units which vest 20% on February 17, 2023, 20% on February 17, 2024, 20% on February 17, 2025, 20% on February 17, 2026 and 20% on February 17, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.