Matt McGraner - Apr 4, 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: Apr 4, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/5/2023, 04:33 PM
Previous filing: Mar 29, 2023
Next filing: Apr 13, 2023

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	Award	$0	+128K		$0.00	128K	Apr 4, 2023	Common Stock	128K		Direct	F1, F2

* 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 April 4, 2023, the reporting person was granted 128,041 restricted stock units. The restricted stock units will vest one-fourth on April 4, 2024, one-fourth on April 4, 2025, one-fourth on April 4, 2026, and one-fourth on April 4, 2027. 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