Matt McGraner - 02 Apr 2026 Form 4 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Reporting relationship: Executive VP and Chief Investment Officer
Issuer ticker: NREF
Reported as of: 02 Apr 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 06 Apr 2026, 21:44:00 UTC
Prior SEC filing: 31 Mar 2026
Next SEC filing: 14 Apr 2026
Source filing: View source filing
Reporting owner signature: /s/ Paul Richards, as attorney-in-fact for Matt McGraner

Key filing fact

Matt McGraner filed Form 4 for NexPoint Real Estate Finance, Inc. (NREF) on 06 Apr 2026.

Key facts

This page summarizes Matt McGraner's Form 4 filing for NexPoint Real Estate Finance, Inc. (NREF).
7 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 06 Apr 2026, 21:44.

Change

Previous filing in this sequence was filed on 31 Mar 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001636187 Primary reporting owner

McGraner Matt

Relationship: Executive VP and Chief Investment Officer
Address: 300 CRESCENT COURT, SUITE 700, DALLAS
Signature: /s/ Paul Richards, as attorney-in-fact for Matt McGraner
Signature date: 06 Apr 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NREF transaction

Common Stock

Options Exercise

Transaction value
Shares: +36,830
Change %: +13%
Price
Shares after: 322,448
Date: 03 Apr 2026
Ownership: Direct
Footnotes: F1

NREF transaction

Common Stock

Tax liability

Transaction value
Shares: -17,638
Change %: -5.5%
Price: $13.36^*
Shares after: 304,810
Date: 03 Apr 2026
Ownership: Direct

NREF transaction

Common Stock

Options Exercise

Transaction value
Shares: +32,010
Change %: +11%
Price
Shares after: 336,820
Date: 04 Apr 2026
Ownership: Direct
Footnotes: F1

NREF transaction

Common Stock

Tax liability

Transaction value
Shares: -18,776
Change %: -5.6%
Price: $13.36^*
Shares after: 318,044
Date: 04 Apr 2026
Ownership: Direct

NREF holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,800
Date: 02 Apr 2026
Ownership: See Footnote
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NREF transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares: +197,789
Change %
Price: $0.000000^*
Shares after: 197,789
Date: 02 Apr 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 197,789
Exercise price
Footnotes: F1, F3

NREF transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -36,830
Change %: -33%
Price: $0.000000^*
Shares after: 73,660
Date: 03 Apr 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 36,830
Exercise price
Footnotes: F1, F4

NREF transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -32,010
Change %: -50%
Price: $0.000000^*
Shares after: 32,011
Date: 04 Apr 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 32,010
Exercise price
Footnotes: F1, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc.

Footnote F2

These shares are held by a limited liability company in which Mr. McGraner owns an indirect minority interest. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F3

On April 2, 2026, the reporting person was granted 197,789 restricted stock units. The restricted stock units vest one-fourth on April 2, 2027, one-fourth on February 15, 2028, one-fourth on February 15, 2029 and one-fourth on February 15, 2030. Settlement will generally occur within 10 days of vesting and may at the discretion of Compensation Committee be settled in cash.

Footnote F4

On April 3, 2025, the reporting person was granted 147,319 restricted stock units. The restricted stock units vested one-fourth on April 3, 2026 and will vest one-fourth on February 15, 2027, one-fourth on February 15, 2028 and one-fourth on February 15, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Footnote F5

On April 4, 2023, the reporting person was granted 128,041 restricted stock units. The restricted stock units vested one-fourth on April 4, 2024, one-fourth on April 4, 2025 and one-fourth on April 4, 2026 and will vest 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.

SEC remarks

Executive VP and Chief Investment Officer