Matt McGraner - Feb 21, 2023 Form 4 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Role
Executive VP and Chief Investment Officer
Signature
/s/ Brian Mitts, as attorney-in-fact for Matt McGraner
Stock symbol
NREF
Transactions as of
Feb 21, 2023
Transactions value $
-$180,039
Form type
4
Date filed
2/23/2023, 04:19 PM
Previous filing
Feb 22, 2023
Next filing
Mar 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NREF Common Stock Options Exercise +17.3K +17.35% 117K Feb 21, 2023 Direct F1
transaction NREF Common Stock Tax liability -$94.5K -5.11K -4.36% $18.50 112K Feb 21, 2023 Direct
transaction NREF Common Stock Options Exercise +15.8K +14.15% 128K Feb 22, 2023 Direct F1
transaction NREF Common Stock Tax liability -$85.5K -4.68K -3.66% $18.27 123K Feb 22, 2023 Direct
holding NREF Common Stock 1.8K Feb 21, 2023 See Footnote 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 NREF Restricted Stock Units Options Exercise $0 -17.3K -25% $0.00 51.9K Feb 21, 2023 Common Stock 17.3K Direct F1, F3
transaction NREF Restricted Stock Units Options Exercise $0 -15.8K -33.33% $0.00 31.7K Feb 22, 2023 Common Stock 15.8K 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 Real Estate Finance, Inc.
F2 These shares are held by a limited liability company in which Mr. McGraner owns an indirect minority interest. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F3 On February 21, 2022, the reporting person was granted 69,235 restricted stock units. The restricted stock units vested one-fourth on February 21, 2023 and will vest one-fourth on February 21, 2024, one-fourth on February 21, 2025, and one-fourth on February 21, 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 22, 2021, the reporting person was granted 63,357 restricted stock units. The restricted stock units vested one-fourth on February 22, 2022 and one-fourth on February 22, 2023, and will vest one-fourth on February 22, 2024 and one-fourth on February 22, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Remarks:

Executive VP and Chief Investment Officer