Matt McGraner - May 8, 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
May 8, 2023
Transactions value $
-$135,744
Form type
4
Date filed
5/10/2023, 04:30 PM
Previous filing
Apr 13, 2023
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NREF Common Stock Options Exercise +23.8K +19.37% 147K May 8, 2023 Direct F1
transaction NREF Common Stock Tax liability -$136K -10.1K -6.85% $13.48 137K May 8, 2023 Direct
holding NREF Common Stock 1.8K May 8, 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 -23.8K -50% $0.00 23.8K May 8, 2023 Common Stock 23.8K 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 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 June 24, 2020, the reporting person was granted 95,375 restricted stock units. The restricted stock units vested one-fourth on June 24, 2021, one-fourth on May 8, 2022, and one-fourth on May 8, 2023, and will vest one-fourth on May 8, 2024. 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