James Dondero - Feb 18, 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 18, 2022
Transactions value $
$0
Form type
4
Date filed
2/22/2022, 07:45 PM
Previous filing
Feb 17, 2022
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXRT Common Stock Options Exercise +11.9K +22.21% 65.7K Feb 18, 2022 Direct F1
transaction NXRT Common Stock Options Exercise +9.76K +14.85% 75.5K Feb 20, 2022 Direct F1
transaction NXRT Common Stock Options Exercise +8.9K +11.8% 84.4K Feb 21, 2022 Direct F1
holding NXRT Common Stock 146K Feb 18, 2022 By NexPoint Advisors, L.P. F2
holding NXRT Common Stock 347K Feb 18, 2022 By Highland Capital Management Fund Advisors, L.P. F3
holding NXRT Common Stock 2.01M Feb 18, 2022 By trust F4
holding NXRT Common Stock 12.1K Feb 18, 2022 See Footnote F5
holding NXRT Common Stock 63.7K Feb 18, 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 -11.9K -20% $0.00 47.8K Feb 18, 2022 Common Stock 11.9K Direct F1, F7
transaction NXRT Restricted Stock Units Options Exercise $0 -9.76K -25% $0.00 29.3K Feb 20, 2022 Common Stock 9.76K Direct F1, F8
transaction NXRT Restricted Stock Units Options Exercise $0 -8.9K -33.33% $0.00 17.8K Feb 21, 2022 Common Stock 8.9K 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.