Dennis Charles Sauter Jr. - 17 Feb 2023 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role: General Counsel
Signature: /s/ Brian Mitts, as attorney-in-fact
Issuer symbol: NXRT
Transactions as of: 17 Feb 2023
Net transactions value: -$44,624
Form type: 4
Filing time: 22 Feb 2023, 15:41:27 UTC
Previous filing: 08 Nov 2022
Next filing: 23 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXRT	Common Stock	Options Exercise		+995	+17%		6,790	17 Feb 2023	Direct	F1
transaction	NXRT	Common Stock	Tax liability	$14,777	-304	-4.5%	$48.61	6,486	17 Feb 2023	Direct
transaction	NXRT	Common Stock	Options Exercise		+1,436	+22%		7,922	18 Feb 2023	Direct	F1
transaction	NXRT	Common Stock	Tax liability	$21,972	-452	-5.7%	$48.61	7,470	18 Feb 2023	Direct
transaction	NXRT	Common Stock	Options Exercise		+504	+6.7%		7,974	20 Feb 2023	Direct	F1
transaction	NXRT	Common Stock	Tax liability	$7,875	-162	-2%	$48.61	7,812	20 Feb 2023	Direct

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 Unit	Options Exercise	$0	-995	-20%	$0.000000	3,979	17 Feb 2023	Common Stock	995		Direct	F1, F2
transaction	NXRT	Restricted Stock Unit	Options Exercise	$0	-1,436	-25%	$0.000000	4,308	18 Feb 2023	Common Stock	1,436		Direct	F1, F3
transaction	NXRT	Restricted Stock Unit	Options Exercise	$0	-504	-33%	$0.000000	1,008	20 Feb 2023	Common Stock	504		Direct	F1, F4

* 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	On February 17, 2022, the reporting person was granted 4,974 restricted stock units, one-fifth on February 17, 2023, and which will vest one-fifth on February 17, 2024, one-fifth on February 17, 2025, one-fifth on February 17, 2026 and one-fifth on February 17, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F3	On February 18, 2021, the reporting person was granted 7,180 restricted stock units, which vested one-fifth on February 18, 2022, one-fifth on February 18, 2023, and which will vest 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.
F4	On February 20, 2020, the reporting person was awarded 2,522 restricted stock units, which vested one-fifth on February 20, 2021, one-fifth on February 20, 2022, one-fifth on February 20, 2023, and which will vest 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.