Stephanie Vitiello - 02 Jun 2022 Form 4 Insider Report for NEXPOINT REAL ESTATE STRATEGIES FUND (NRSAX)

Role: Chief Compliance Officer
Signature: /s/ Stephanie Vitiello
Issuer symbol: NRSAX
Transactions as of: 02 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 30 Jun 2022, 18:53:30 UTC
Previous filing: 21 Mar 2022
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	NRSAX	Contingent Bonus Award	Award		+1,175			1,175	02 Jun 2022	Common Stock	1,175		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of the contingent bonus award is the economic equivalent of one share of the Issuer's common stock.
F2	The Contingent Bonus Award is granted by Skyview Legal, P.C. ("Skyview") to the Reporting Person for service as an employee of Skyview. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on May 31, 2025. These awards will terminate if the Reporting Person's employment with Skyview is terminated.

Content

Each share of the contingent bonus award is the economic equivalent of one share of the Issuer's common stock.

The Contingent Bonus Award is granted by Skyview Legal, P.C. ("Skyview") to the Reporting Person for service as an employee of Skyview. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on May 31, 2025. These awards will terminate if the Reporting Person's employment with Skyview is terminated.