Dennis Charles Sauter Jr. - 21 Feb 2023 Form 4 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Role
General Counsel
Signature
/s/ Brian Mitts, as attorney-in-fact for Dennis Charles Sauter Jr
Issuer symbol
NREF
Transactions as of
21 Feb 2023
Net transactions value
-$21,812
Form type
4
Filing time
23 Feb 2023, 16:22:25 UTC
Previous filing
22 Feb 2023
Next filing
29 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NREF Common Stock Options Exercise +2,147 +20% 12,871 21 Feb 2023 Direct F1
transaction NREF Common Stock Tax liability $13,042 -705 -5.5% $18.50 12,166 21 Feb 2023 Direct
transaction NREF Common Stock Options Exercise +1,334 +11% 13,500 22 Feb 2023 Direct F1
transaction NREF Common Stock Tax liability $8,770 -480 -3.6% $18.27 13,020 22 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 NREF Restricted Stock Units Options Exercise $0 -2,147 -25% $0.000000 6,438 21 Feb 2023 Common Stock 2,147 Direct F1, F2
transaction NREF Restricted Stock Units Options Exercise $0 -1,334 -33% $0.000000 2,669 22 Feb 2023 Common Stock 1,334 Direct F1, F3
* 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 On February 21, 2022, the reporting person was granted 8,585 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.
F3 On February 22, 2021, the reporting person was granted 5,337 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.