Matt McGraner - Feb 17, 2024 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
Feb 17, 2024
Transactions value $
-$214,576
Form type
4
Date filed
2/21/2024, 04:35 PM
Previous filing
Feb 20, 2024
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXRT Common Stock Options Exercise +8.81K +4.37% 211K Feb 17, 2024 Direct F1
transaction NXRT Common Stock Tax liability -$82.4K -2.65K -1.26% $31.08 208K Feb 17, 2024 Direct
transaction NXRT Common Stock Options Exercise +15.2K +7.3% 223K Feb 18, 2024 Direct F1
transaction NXRT Common Stock Tax liability -$132K -4.25K -1.91% $31.08 219K Feb 18, 2024 Direct
holding NXRT Common Stock 13.1K Feb 17, 2024 By 401(k) plan
holding NXRT Common Stock 17K Feb 17, 2024 By limited liability company F2
holding NXRT Common Stock 109K Feb 17, 2024 By Trust F3

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 -8.81K -25% $0.00 26.4K Feb 17, 2024 Common Stock 8.81K Direct F1, F4
transaction NXRT Restricted Stock Units Options Exercise $0 -15.2K -33.33% $0.00 30.4K Feb 18, 2024 Common Stock 15.2K 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 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 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 On February 17, 2022, the reporting person was granted 44,051 restricted stock units which vested one-fifth on February 17, 2023, and one-fifth on February 17, 2024, and which will vest one-fifth on February 17, 2025, one-fifth on February 17, 2026 and one-fifth on February 17, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F5 On February 18, 2021, the reporting person was granted 75,911 restricted stock units, which vested one-fifth on February 18, 2022, one-fifth on February 18, 2023, and one-fifth on February 18, 2024, and which will vest one-fifth on February 18, 2025 and one-fifth on February 18, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.