Matt McGraner - 17 Feb 2024 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role: EVP, Chief Investment Officer
Signature: /s/ Brian Mitts, as attorney-in-fact
Issuer symbol: NXRT
Transactions as of: 17 Feb 2024
Net transactions value: -$214,576
Form type: 4
Filing time: 21 Feb 2024, 16:35:34 UTC
Previous filing: 20 Feb 2024
Next filing: 22 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXRT	Common Stock	Options Exercise		+8,810	+4.4%		210,578	17 Feb 2024	Direct	F1
transaction	NXRT	Common Stock	Tax liability	$82,362	-2,650	-1.3%	$31.08	207,928	17 Feb 2024	Direct
transaction	NXRT	Common Stock	Options Exercise		+15,182	+7.3%		223,110	18 Feb 2024	Direct	F1
transaction	NXRT	Common Stock	Tax liability	$132,214	-4,254	-1.9%	$31.08	218,856	18 Feb 2024	Direct
holding	NXRT	Common Stock						13,054	17 Feb 2024	By 401(k) plan
holding	NXRT	Common Stock						16,986	17 Feb 2024	By limited liability company	F2
holding	NXRT	Common Stock						108,630	17 Feb 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	-8,810	-25%	$0.000000	26,430	17 Feb 2024	Common Stock	8,810		Direct	F1, F4
transaction	NXRT	Restricted Stock Units	Options Exercise	$0	-15,182	-33%	$0.000000	30,364	18 Feb 2024	Common Stock	15,182		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.