Stephanie Vitiello - Jun 2, 2022 Form 4 Insider Report for NEXPOINT REAL ESTATE STRATEGIES FUND (NRSAX)

Role: Chief Compliance Officer
Signature: /s/ Stephanie Vitiello
Stock symbol: NRSAX
Transactions as of: Jun 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/30/2022, 06:53 PM
Previous filing: Mar 21, 2022

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		+1.17K			1.17K	Jun 2, 2022	Common Stock	1.17K		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.