Matt McGraner - Mar 28, 2024 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role
Executive VP and Chief Investment Officer
Signature
/s/ Brian Mitts, as attorney-in-fact for Matt McGraner
Stock symbol
NXRT
Transactions as of
Mar 28, 2024
Transactions value $
-$212,036
Form type
4
Date filed
4/1/2024, 07:21 PM
Previous filing
Mar 19, 2024
Next filing
Apr 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXRT Common Stock Options Exercise +15.9K +6.82% 249K Mar 28, 2024 Direct F1
transaction NXRT Common Stock Tax liability -$212K -6.59K -2.65% $32.19 242K Mar 28, 2024 Direct
holding NXRT Common Stock 13.1K Mar 28, 2024 By 401(k) plan
holding NXRT Common Stock 17K Mar 28, 2024 By limited liability company F2
holding NXRT Common Stock 109K Mar 28, 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 -15.9K -20% $0.00 63.5K Mar 28, 2024 Common Stock 15.9K Direct F1, F4
* 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 March 28, 2023, the reporting person was granted 79,350 restricted stock units, which vested one-fifth on March 28, 2024, and will vest one-fifth on March 28, 2025, one-fifth on March 28, 2026, one-fifth on March 28, 2027 and one-fifth on March 28, 2028. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Remarks:

Executive VP and Chief Investment Officer