Matt McGraner - Feb 18, 2022 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role: EVP, Chief Investment Officer
Signature: /s/ Brian Mitts, as attorney-in-fact
Stock symbol: NXRT
Transactions as of: Feb 18, 2022
Transactions value $: -$1,396,975
Form type: 4
Date filed: 2/22/2022, 07:46 PM
Previous filing: Feb 25, 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		+15.2K	+11.19%		151K	Feb 18, 2022	Direct	F1
transaction	NXRT	Common Stock	Tax liability	-$514K	-6.07K	-4.03%	$84.66	145K	Feb 18, 2022	Direct
transaction	NXRT	Common Stock	Options Exercise		+12.4K	+8.6%		157K	Feb 20, 2022	Direct	F1
transaction	NXRT	Common Stock	Tax liability	-$428K	-5.05K	-3.21%	$84.66	152K	Feb 20, 2022	Direct
transaction	NXRT	Common Stock	Options Exercise		+13.1K	+8.59%		165K	Feb 21, 2022	Direct	F1
transaction	NXRT	Common Stock	Tax liability	-$455K	-5.37K	-3.25%	$84.66	160K	Feb 21, 2022	Direct
holding	NXRT	Common Stock						13.1K	Feb 18, 2022	By 401(k)plan
holding	NXRT	Common Stock						17K	Feb 18, 2022	By limited liability company	F2
holding	NXRT	Common Stock						109K	Feb 18, 2022	By Trust	F3
holding	NXRT	Common Stock						454	Feb 18, 2022	By dividend reinvestment plan

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	-15.2K	-20%	$0.00	60.7K	Feb 18, 2022	Common Stock	15.2K		Direct	F1, F4
transaction	NXRT	Restricted Stock Units	Options Exercise	$0	-12.4K	-25%	$0.00	37.3K	Feb 20, 2022	Common Stock	12.4K		Direct	F1, F5
transaction	NXRT	Restricted Stock Units	Options Exercise	$0	-13.1K	-33.33%	$0.00	26.1K	Feb 21, 2022	Common Stock	13.1K		Direct	F1, F6

* 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 a limited liability company in which Mr. McGraner owns an indirect minority interest. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F3	These shares are held in a trust. Mr. McGraner is the trustee of the trust. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4	On February 18, 2021, the reporting person was granted 75,911 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.
F5	On February 20, 2020, the reporting person was granted 62,227 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
F6	On February 21, 2019, the reporting person was granted 65,333 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.