Dennis Charles Sauter Jr. - 21 Feb 2024 Form 4 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Role
General Counsel
Signature
/s/ Brian Mitts, as attorney-in-fact for Dennis Charles Sauter Jr
Issuer symbol
NREF
Transactions as of
21 Feb 2024
Net transactions value
-$20,152
Form type
4
Filing time
23 Feb 2024, 17:38:32 UTC
Previous filing
22 Feb 2024
Next filing
15 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NREF Common Stock Options Exercise +2,146 +15% 16,611 21 Feb 2024 Direct F1
transaction NREF Common Stock Tax liability $12,092 -848 -5.1% $14.26 15,763 21 Feb 2024 Direct
transaction NREF Common Stock Options Exercise +1,334 +8.5% 17,097 22 Feb 2024 Direct F1
transaction NREF Common Stock Tax liability $8,060 -587 -3.4% $13.73 16,510 22 Feb 2024 Direct

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 -2,146 -33% $0.000000 4,292 21 Feb 2024 Common Stock 2,146 Direct F1, F2
transaction NREF Restricted Stock Units Options Exercise $0 -1,334 -50% $0.000000 1,335 22 Feb 2024 Common Stock 1,334 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 On February 21, 2022, the reporting person was granted 8,585 restricted stock units. The restricted stock units vested one-fourth on February 21, 2023 and one-fourth on February 21, 2024 and will vest one-fourth on February 21, 2025 and one-fourth on February 21, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F3 On February 22, 2021, the reporting person was granted 5,337 restricted stock units. The restricted stock units vested one-fourth on February 22, 2022, one-fourth on February 22, 2023 and one-fourth on February 22, 2024 and will vest one-fourth on February 22, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.