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

Role: Executive Vice President
Signature: /s/ Dustin Norris
Issuer symbol: NRSAX
Transactions as of: 02 Jun 2022
Transactions value $: $0
Form type: 4
Filing time: 30 Jun 2022, 21:14:10 UTC
Previous filing: 28 Oct 2021
Next filing: 05 Jan 2023
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		+21.7K			21.7K	02 Jun 2022	Common Stock	21.7K		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 NexPoint Advisors, L.P. ("NexPoint") to the Reporting Person for service as an employee of NexPoint. 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 NexPoint 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 NexPoint Advisors, L.P. ("NexPoint") to the Reporting Person for service as an employee of NexPoint. 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 NexPoint is terminated.