DONDERO JAMES D - 30 Dec 2025 SCHEDULE 13D/A Report for NexPoint Real Estate Finance, Inc. Common Stock, par value $0.01 per share (NREF)

Filing Manager: DONDERO JAMES D
Reporting Manager: DONDERO JAMES D
Security: NexPoint Real Estate Finance, Inc. Common Stock, par value $0.01 per share
Symbol: NREF
Shares outstanding: 18,581,903 shares
Disclosed Ownership: 10,034,228 shares
Ownership: 54%
Form type: SCHEDULE 13D/A
Filing time: 02 Jan 2026, 20:33:37 UTC
Date of event: 30 Dec 2025
SEC: View on sec.gov

Reporting Managers (6)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title	CIK
DONDERO JAMES D	54%	10,034,228	352,666	9,681,562	/s/ James D. Dondero	James D. Dondero	0001228922
NexPoint Advisors, L.P.	20%	3,649,759	0	3,649,759	/s/ James D. Dondero	James D. Dondero/Sole Member	0001617621
NEXPOINT ASSET MANAGEMENT, L.P.	31%	5,694,671	0	5,694,671	/s/ James D. Dondero	James D. Dondero/Sole Member	0001469877
HIGHLAND OPPORTUNITIES & INCOME FUND	24%	4,372,286	0	4,372,286	/s/ Dustin Norris	Dustin Norris/Executive Vice President	0001710680
NEXPOINT DIVERSIFIED REAL ESTATE TRUST	16%	2,952,273	0	2,952,273	/s/ James D. Dondero	James D. Dondero/President	0001356115
DONDERO NANCY MARIE	1.8%	337,131	337,131	0	/s/ Nancy Marie Dondero	Nancy Marie Dondero	0001656757