James D. Dondero - 17 Feb 2023 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role: President, Director, 10%+ Owner
Signature: /s/ Brian Mitts as attorney-in-fact for James D. Dondero
Issuer symbol: NXRT
Transactions as of: 17 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 22 Feb 2023, 15:42:34 UTC
Previous filing: 17 Feb 2023
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		+8,811	+123%		15,952	17 Feb 2023	Direct	F1, F2
transaction	NXRT	Common Stock	Options Exercise		+11,941	+75%		27,893	18 Feb 2023	Direct	F1
transaction	NXRT	Common Stock	Options Exercise		+9,756	+35%		37,649	20 Feb 2023	Direct	F1
transaction	NXRT	Common Stock	Options Exercise		+8,904	+24%		46,676	21 Feb 2023	Direct	F1, F2
holding	NXRT	Common Stock						2,143,241	17 Feb 2023	By trust	F2, F3
holding	NXRT	Common Stock						148,963	17 Feb 2023	By NexPoint Advisors, L.P.	F2, F4
holding	NXRT	Common Stock						356,751	17 Feb 2023	See Footnote	F2, F5
holding	NXRT	Common Stock						12,545	17 Feb 2023	See Footnote	F2, F6
holding	NXRT	Common Stock						63,719	17 Feb 2023	See Footnote	F7
holding	NXRT	Common Stock						31,213	17 Feb 2023	By 401(k)	F2

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	-8,811	-20%	$0.000000	35,240	17 Feb 2023	Common Stock	8,811		Direct	F1, F8
transaction	NXRT	Restricted Stock Units	Options Exercise	$0	-11,941	-25%	$0.000000	35,821	18 Feb 2023	Common Stock	11,941		Direct	F1, F9
transaction	NXRT	Restricted Stock Units	Options Exercise	$0	-9,756	-33%	$0.000000	19,513	20 Feb 2023	Common Stock	9,756		Direct	F1, F10
transaction	NXRT	Restricted Stock Units	Options Exercise	$0	-8,904	-50%	$0.000000	8,904	21 Feb 2023	Common Stock	8,904		Direct	F1, F11

* 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	Includes shares acquired under a dividend reinvestment plan.
F3	These shares are held by a trust. Mr. Dondero disclaims beneficial ownership of such shares.
F4	36,822 shares are held by NexPoint Real Estate Strategies Fund, 88,732 shares are held by NexPoint Diversified Real Estate Trust and 23,409 shares are held by NexPoint Capital, Inc. These entities are managed by NexPoint Advisors, L.P. ("NP"). Mr. Dondero is the sole member of NP's general partner, and may be deemed to be an indirect beneficial owner of shares held by NP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F5	186,372 shares are held by Highland Income Fund and 170,379 shares are held by Highland Global Allocation Fund. These entities are managed by NexPoint Asset Management, L.P., which is ultimately controlled by Mr. Dondero. Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by such entities. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F6	These shares are held through PCMG Trading Partners XXIII, L.P. ("PCMG"). The reporting person may be deemed to be an indirect beneficial owner of the shares held by PCMG. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F7	These shares are held by a subsidiary of the trust referenced in footnote 3 to this Form 4. Mr. Dondero disclaims beneficial ownership of such shares.
F8	On February 17, 2022, the reporting person was granted 44,051 restricted stock units which vested 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.
F9	On February 18, 2021, the reporting person was awarded 59,703 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.
F10	On February 20, 2020, the reporting person was granted 48,782 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.
F11	On February 21, 2019, the reporting person was granted 44,520 restricted stock units which vested one-fifth on February 21, 2020, one-fifth on February 21, 2021, one-fifth on February 21, 2022, one-fifth on February 21, 2023 and which will vest 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.