Brian Mitts - 21 Feb 2024 Form 4 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Role
Chief Financial Officer, Executive VP-Finance, Secretary and Treasurer, Director
Signature
/s/ Brian Mitts
Issuer symbol
NREF
Transactions as of
21 Feb 2024
Net transactions value
-$59,883
Form type
4
Filing time
23 Feb 2024, 17:39:37 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 +5,539 +10% 58,886 21 Feb 2024 Direct F1
transaction NREF Common Stock Tax liability $31,201 -2,188 -3.7% $14.26 56,698 21 Feb 2024 Direct
transaction NREF Common Stock Options Exercise +5,163 +9.1% 61,861 22 Feb 2024 Direct F1
transaction NREF Common Stock Tax liability $28,682 -2,089 -3.4% $13.73 59,772 22 Feb 2024 Direct
holding NREF Common Stock 95 21 Feb 2024 By child.
holding NREF Common Stock 7,749 21 Feb 2024 By 401(k) plan.

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 -5,539 -33% $0.000000 11,077 21 Feb 2024 Common Stock 5,539 Direct F1, F2
transaction NREF Restricted Stock Units Options Exercise $0 -5,163 -50% $0.000000 5,163 22 Feb 2024 Common Stock 5,163 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 22,155 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 20,654 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.

Remarks:

Chief Financial Officer, Executive VP-Finance, Secretary and Treasurer