Dennis Charles Sauter Jr. - 21 Feb 2025 Form 4 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Role
General Counsel and Secretary
Signature
/s/ Matthew McGraner, as attorney-in-fact for Dennis Charles Sauter Jr
Issuer symbol
NREF
Transactions as of
21 Feb 2025
Net transactions value
-$23,838
Form type
4
Filing time
25 Feb 2025, 17:19:25 UTC
Previous filing
24 Feb 2025
Next filing
17 Mar 2025
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 +2,146 +11% 21,502 21 Feb 2025 Direct F1
transaction NREF Common Stock Tax liability $14,228 -915 -4.3% $15.55 20,587 21 Feb 2025 Direct
transaction NREF Common Stock Options Exercise +1,335 +6.5% 21,922 22 Feb 2025 Direct F1
transaction NREF Common Stock Tax liability $9,610 -618 -2.8% $15.55 21,304 22 Feb 2025 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 -2,146 -50% $0.000000 2,146 21 Feb 2025 Common Stock 2,146 Direct F1, F2
transaction NREF Restricted Stock Units Options Exercise $0 -1,335 -100% $0.000000 0 22 Feb 2025 Common Stock 1,335 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 8,585 restricted stock units. The restricted stock units vested one-fourth on February 21, 2023, one-fourth on February 21, 2024 and one-fourth on February 21, 2025 and will vest 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 5,337 restricted stock units. The restricted stock units vested one-fourth on February 22, 2022, one-fourth on February 22, 2023, one-fourth on February 22, 2024 and 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.