James Dondero - Feb 20, 2024 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role
President, Director, 10%+ Owner
Signature
/s/ Brian Mitts as attorney-in-fact for James D. Dondero
Stock symbol
NXRT
Transactions as of
Feb 20, 2024
Transactions value $
$0
Form type
4
Date filed
2/22/2024, 06:06 PM
Previous filing
Feb 21, 2024
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXRT Common Stock Options Exercise +9.76K +2.58% 388K Feb 20, 2024 Direct F1
transaction NXRT Common Stock Options Exercise +8.9K +2.3% 396K Feb 21, 2024 Direct F1
holding NXRT Common Stock 1.92M Feb 20, 2024 By trust F2
holding NXRT Common Stock 153K Feb 20, 2024 By NexPoint Advisors, L.P. F3
holding NXRT Common Stock 373K Feb 20, 2024 See Footnote F4
holding NXRT Common Stock 13.2K Feb 20, 2024 See Footnote F5
holding NXRT Common Stock 80.7K Feb 20, 2024 See Footnote F6
holding NXRT Common Stock 35.2K Feb 20, 2024 By 401(k)

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 -9.76K -50% $0.00 9.76K Feb 20, 2024 Common Stock 9.76K Direct F1, F7
transaction NXRT Restricted Stock Units Options Exercise $0 -8.9K -100% $0.00* 0 Feb 21, 2024 Common Stock 8.9K Direct F1, F8
* 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 trust. Mr. Dondero disclaims beneficial ownership of such shares.
F3 36,822 shares are held by NexPoint Real Estate Strategies Fund, 92,806 shares are held by NexPoint Diversified Real Estate Trust and 23,409 shares are held by NexPoint Capital, Inc. These entities are managed by NexPoint Advisors, L.P. ("NP"). Mr. Dondero is the sole member of NP's general partner, and may be deemed to be an indirect beneficial owner of shares held by NP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4 194,932 shares are held by Highland Income Fund and 178,205 shares are held by Highland Global Allocation Fund. These entities are managed by NexPoint Asset Management, L.P., which is ultimately controlled by Mr. Dondero. Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by such entities. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F5 These shares are held through PCMG Trading Partners XXIII, L.P. ("PCMG"). The reporting person may be deemed to be an indirect beneficial owner of the shares held by PCMG. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F6 These shares are held by a subsidiary of the trust referenced in footnote 2 to this Form 4. Mr. Dondero disclaims beneficial ownership of such shares.
F7 On February 20, 2020, the reporting person was granted 48,782 restricted stock units which vested one-fifth on February 20, 2021, one-fifth on February 20, 2022, one-fifth on February 20, 2023, and one-fifth on February 20, 2024 and which will vest one-fifth on February 20, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F8 On February 21, 2019, the reporting person was granted 44,520 restricted stock units which vested one-fifth on February 21, 2020, one-fifth on February 21, 2021, one-fifth on February 21, 2022, one-fifth on February 21, 2023 and one-fifth on February 21, 2024. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.