Dennis Charles Sauter Jr. - 28 Mar 2024 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role: General Counsel
Signature: /s/ Brian Mitts, as attorney-in-fact for Dennis Charles Sauter Jr
Issuer symbol: NXRT
Transactions as of: 28 Mar 2024
Net transactions value: -$20,569
Form type: 4
Filing time: 01 Apr 2024, 19:22:00 UTC
Previous filing: 19 Mar 2024
Next filing: 08 Apr 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		+2,073	+21%		12,174	28 Mar 2024	Direct	F1
transaction	NXRT	Common Stock	Tax liability	$20,569	-639	-5.2%	$32.19	11,535	28 Mar 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	NXRT	Restricted Stock Units	Options Exercise	$0	-2,073	-20%	$0.000000	8,290	28 Mar 2024	Common Stock	2,073		Direct	F1, F2

* 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	On March 28, 2023, the reporting person was granted 10,363 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.