Dennis Charles Sauter Jr. - 21 Feb 2026 Form 4 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Role
General Counsel and Secretary
Signature
/s/ Paul Richards, as attorney-in-fact for Dennis Charles Sauter Jr
Issuer symbol
NREF
Transactions as of
21 Feb 2026
Net transactions value
-$15,023
Form type
4
Filing time
24 Feb 2026, 18:01:07 UTC
Previous filing
19 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Sauter Dennis Charles Jr General Counsel and Secretary 300 CRESCENT COURT, SUITE 700, DALLAS /s/ Paul Richards, as attorney-in-fact for Dennis Charles Sauter Jr 24 Feb 2026 0001803863

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NREF Common Stock Options Exercise +2,146 +8.5% 27,422 21 Feb 2026 Direct F1
transaction NREF Common Stock Tax liability $15,023 -1,011 -3.7% $14.86 26,411 21 Feb 2026 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 -100% $0.000000 0 21 Feb 2026 Common Stock 2,146 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 8,585 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.