Dennis Charles Sauter Jr. - 04 Apr 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: 04 Apr 2024
Net transactions value: -$14,970
Form type: 4
Filing time: 08 Apr 2024, 16:17:11 UTC
Previous filing: 01 Apr 2024
Next filing: 09 May 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		+3,238	+20%		19,748	04 Apr 2024	Direct	F1
transaction	NREF	Common Stock	Tax liability	$14,970	-1,148	-5.8%	$13.04	18,600	04 Apr 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	-3,238	-25%	$0.000000	9,715	04 Apr 2024	Common Stock	3,238		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 Real Estate Finance, Inc.
F2	On April 4, 2023, the reporting person was granted 12,953 restricted stock units. The restricted stock units vested one-fourth on April 4, 2024 and will vest one-fourth on April 4, 2025, one-fourth on April 4, 2026, and one-fourth on April 4, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.