James D. Dondero - 18 Feb 2022 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role: President, Director, 10%+ Owner
Signature: /s/ Brian Mitts, as attorney-in-fact
Issuer symbol: NXRT
Transactions as of: 18 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 22 Feb 2022, 19:45:43 UTC
Previous filing: 17 Feb 2022
Next filing: 23 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXRT	Common Stock	Options Exercise		+11,941	+22%		65,706	18 Feb 2022	Direct	F1
transaction	NXRT	Common Stock	Options Exercise		+9,757	+15%		75,463	20 Feb 2022	Direct	F1
transaction	NXRT	Common Stock	Options Exercise		+8,904	+12%		84,367	21 Feb 2022	Direct	F1
holding	NXRT	Common Stock						146,287	18 Feb 2022	By NexPoint Advisors, L.P.	F2
holding	NXRT	Common Stock						347,170	18 Feb 2022	By Highland Capital Management Fund Advisors, L.P.	F3
holding	NXRT	Common Stock						2,008,186	18 Feb 2022	By trust	F4
holding	NXRT	Common Stock						12,146	18 Feb 2022	See Footnote	F5
holding	NXRT	Common Stock						63,719	18 Feb 2022	See Footnote	F6

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	-11,941	-20%	$0.000000	47,762	18 Feb 2022	Common Stock	11,941		Direct	F1, F7
transaction	NXRT	Restricted Stock Units	Options Exercise	$0	-9,757	-25%	$0.000000	29,269	20 Feb 2022	Common Stock	9,757		Direct	F1, F8
transaction	NXRT	Restricted Stock Units	Options Exercise	$0	-8,904	-33%	$0.000000	17,808	21 Feb 2022	Common Stock	8,904		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	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.
F4	These shares are held by a trust. Mr. Dondero disclaims beneficial ownership of such shares.
F5	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.
F6	These shares are held by subsidiaries of the trust referenced in footnote 4 to this Form 4. Mr. Dondero disclaims beneficial ownership of such shares.
F7	On February 18, 2021, the reporting person was awarded 59,703 restricted stock units, which vested one-fifth on February 18, 2022, and will vest one-fifth on February 18, 2023, one-fifth on February 18, 2024, one-fifth on February 18, 2025 and one-fifth on February 18, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F8	On February 20, 2020, the reporting person was granted 48,782 restricted stock units which vested one-fifth on February 20, 2021, one-fifth on February 20, 2022, and will vest one-fifth on February 20, 2023, one-fifth on February 20, 2024 and one-fifth on February 20, 2025. 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 21, 2019, the reporting person was granted 44,520 restricted stock units which vested one-fifth on February 21, 2020, one-fifth on February 21, 2021, one-fifth on February 21, 2022, and will vest one-fifth on February 21, 2023 and one-fifth on February 21, 2024. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.