James Dondero - Mar 28, 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 Dondero
Stock symbol: NXRT
Transactions as of: Mar 28, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/1/2024, 07:27 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		+16.5K	+4.16%		413K	Mar 28, 2024	Direct	F1, F2
holding	NXRT	Common Stock						1.92M	Mar 28, 2024	By Trust	F3
holding	NXRT	Common Stock						153K	Mar 28, 2024	By NexPoint Advisors, L.P.	F4
holding	NXRT	Common Stock						373K	Mar 28, 2024	See Footnote	F5
holding	NXRT	Common Stock						13.2K	Mar 28, 2024	See Footnote	F6
holding	NXRT	Common Stock						80.7K	Mar 28, 2024	See Footnote	F7
holding	NXRT	Common Stock						35.2K	Mar 28, 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	-16.5K	-20%	$0.00	66K	Mar 28, 2024	Common Stock	16.5K		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	Includes shares acquired under a dividend reinvestment plan.
F3	These shares are held by a trust. Mr. Dondero disclaims beneficial ownership of such shares.
F4	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.
F5	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.
F6	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.
F7	These shares are held by a subsidiary of the trust referenced in footnote 3 to this Form 4. Mr. Dondero disclaims beneficial ownership of such shares.
F8	On March 28, 2023, the reporting person was granted 82,530 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.