Matt McGraner - May 11, 2023 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role: EVP, Chief Investment Officer
Signature: /s/ Brian Mitts, as attorney-in-fact
Stock symbol: NXRT
Transactions as of: May 11, 2023
Transactions value $: -$158,118
Form type: 4
Date filed: 5/15/2023, 04:17 PM
Previous filing: May 12, 2023
Next filing: May 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXRT	Common Stock	Options Exercise		+8.65K	+4.39%		206K	May 11, 2023	Direct	F1
transaction	NXRT	Common Stock	Tax liability	-$158K	-3.75K	-1.83%	$42.12	202K	May 11, 2023	Direct	F2
holding	NXRT	Common Stock						13.1K	May 11, 2023	By 401(k) plan
holding	NXRT	Common Stock						17K	May 11, 2023	By limited liability company	F3
holding	NXRT	Common Stock						109K	May 11, 2023	By Trust	F4

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	-8.65K	-33.33%	$0.00	17.3K	May 11, 2023	Common Stock	8.65K		Direct	F1, F5

* 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 in a trust. Mr. McGraner is the trustee of the trust. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4	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.
F5	On May 11, 2020, the reporting person was granted 43,237 restricted stock units which vested one-fifth on May 11, 2021, one-fifth on May 11, 2022 and one-fifth on May 11, 2023, and will vest one-fifth on May 11, 2024 and one-fifth on May 11, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.