Paul Richards - 21 Feb 2026 Form 4 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Role
Chief Financial Officer, Executive VP-Finance, Assistant Secretary and Treasurer
Signature
/s/ Paul Richards
Issuer symbol
NREF
Transactions as of
21 Feb 2026
Net transactions value
-$48,132
Form type
4
Filing time
24 Feb 2026, 18:00:43 UTC
Previous filing
19 Feb 2026
Next filing
09 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Richards Paul Chief Financial Officer, Executive VP-Finance, Assistant Secretary and Treasurer 300 CRESCENT COURT, SUITE 700, DALLAS /s/ Paul Richards 24 Feb 2026 0002034963

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NREF Common Stock Options Exercise +4,568 +9.4% 53,399 21 Feb 2026 Direct F1
transaction NREF Common Stock Tax liability $48,132 -3,239 -6.1% $14.86 50,160 21 Feb 2026 Direct
holding NREF Common Stock 7,498 21 Feb 2026 By 401(k) plan.
holding NREF Common Stock 879 21 Feb 2026 By IRA.

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 -4,568 -100% $0.000000 0 21 Feb 2026 Common Stock 4,568 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 February 21, 2022, the reporting person was granted 18,278 restricted stock units. The restricted stock units vested one-fourth on February 21, 2023, one-fourth on February 21, 2024, one-fourth on February 21, 2025 and 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.

Remarks:

Chief Financial Officer, Executive VP-Finance, Assistant Secretary and Treasurer