NXRT

SEC source: 0000899243-20-012985 · doc4.xml · derivative · entry 1

Sauter Dennis Charles Jr · CIK 0001803863 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,752

Underlying: Common Stock · 1,752 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: The restricted stock units vest one-fifth on May 11, 2021, one-fifth on May 11, 2022, one-fifth on May 11, 2023, one-fifth on May 11, 2024 and one-fifth on May 11, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F2 · derivative.expiration_date: The restricted stock units vest one-fifth on May 11, 2021, one-fifth on May 11, 2022, one-fifth on May 11, 2023, one-fifth on May 11, 2024 and one-fifth on May 11, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-20-012975 · doc4.xml · derivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,237

Underlying: Common Stock · 43,237 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: The restricted stock units vest one-fifth on May 11, 2021, one-fifth on May 11, 2022, one-fifth on May 11, 2023, one-fifth on May 11, 2024 and one-fifth on May 11, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F2 · derivative.expiration_date: The restricted stock units vest one-fifth on May 11, 2021, one-fifth on May 11, 2022, one-fifth on May 11, 2023, one-fifth on May 11, 2024 and one-fifth on May 11, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-20-010403 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management Fund Advisors, L.P.

Disclosed balance after: 329,533

F1 · kind: The Reporting Person's purchase of NexPoint Residential Trust, Inc. common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934. The Reporting Person has disgorged $1,092.15 to NexPoint Residential Trust, Inc., representing the full amount of his pecuniary interest in the deemed profit realized in connection with the short-swing transaction, less transaction costs.

F2 · balance_after: These shares are held by Highland Capital Management Fund Advisors, L.P. ("HCMFA") indirectly through advised accounts. Mr. Dondero is the sole stockholder and director of Strand Advisors XVI, Inc., HCMFA's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMFA. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-009744 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 935,376.46

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934; therefore, no disgorgement was owed. The sale reported herein was instructed by the financial counterparty for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment. NexPoint Residential Trust, Inc. repurchased these shares in a block trade at $25.00 per share.

F2 · balance_after: These shares are held by Highland Capital Management, L.P. ("HCMLP") both directly and indirectly through advised accounts. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc., HCMLP's general partner, and consequently, no longer has direct or indirect voting or investment control with respect to such shares. Accordingly, Mr. Dondero will no longer report beneficial ownership of shares held by HCMLP on a going forward basis.

SEC source: 0000899243-20-009618 · doc4.xml · nonDerivative · entry 7

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 1,346,732.46

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F7 · balance_after: These shares are held by Highland Capital Management, L.P. ("HCMLP") both directly and indirectly through advised accounts. Mr. Dondero is the sole shareholder of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc. Given Mr. Dondero's historic role with HCMLP, his continued ownership interest and his role as portfolio manager, we have included shares held by advised accounts of HCMLP in this filing. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-009618 · doc4.xml · nonDerivative · entry 6

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By NexPoint Advisors, L.P.

Disclosed balance after: 139,803

F8 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Exchange Act; therefore, no disgorgement was owed. The sale reported herein was for cash management in an account advised by NexPoint Advisors, L.P. ("NP") and does not reflect the portfolio manager's long-term view of the investment.

F9 · balance_after: These shares are held by NP indirectly through advised accounts. Mr. Dondero is the sole member of NP's general partner, and may be deemed to be an indirect beneficial owner of shares held by NP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F10 · balance_after: Includes shares acquired under the issuer's dividend reinvestment plan.

SEC source: 0000899243-20-009618 · doc4.xml · nonDerivative · entry 5

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P

Disclosed balance after: 1,364,133.46

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F7 · balance_after: These shares are held by Highland Capital Management, L.P. ("HCMLP") both directly and indirectly through advised accounts. Mr. Dondero is the sole shareholder of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc. Given Mr. Dondero's historic role with HCMLP, his continued ownership interest and his role as portfolio manager, we have included shares held by advised accounts of HCMLP in this filing. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-009618 · doc4.xml · nonDerivative · entry 4

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 1,842,008

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.435 to $26.96, inclusive.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009618 · doc4.xml · nonDerivative · entry 3

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 1,844,008

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.41 to $26.35, inclusive.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009618 · doc4.xml · nonDerivative · entry 2

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 1,852,118

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.41 to $25.37, inclusive.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009618 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 1,882,153

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.41 to $24.39, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (4)-(6) to this Form 4.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009617 · doc4.xml · nonDerivative · entry 1

Mitts Brian · CIK 0001514845 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,140

F1 · kind: The sale reported herein was for cash management in a collateral account. Such sale does not reflect the Reporting Person's long-term view of the investment. As of the date of this filing, the Reporting Person disputes the propriety of the sale reported herein.

SEC source: 0000899243-20-009433 · doc4.xml · nonDerivative · entry 10

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P

Disclosed balance after: 1,374,506.46

F12 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Exchange Act; therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account. Such sales do not reflect the portfolio manager's long-term view of the investment.

F13 · balance_after: These shares are held by Highland Capital Management, L.P. ("HCMLP") both directly and indirectly through advised accounts. Mr. Dondero is the sole shareholder of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc. Given Mr. Dondero's historic role with HCMLP, his continued ownership interest and his role as portfolio manager, we have included shares held by advised accounts of HCMLP in this filing. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-009433 · doc4.xml · nonDerivative · entry 9

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 1,892,008

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.62 to $27.88, inclusive.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009433 · doc4.xml · nonDerivative · entry 8

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 1,892,608

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.59 to $27.58, inclusive.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009433 · doc4.xml · nonDerivative · entry 7

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 1,905,410

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.59 to $26.58, inclusive.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009433 · doc4.xml · nonDerivative · entry 6

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 1,963,545

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.46 to $25.44, inclusive.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009369 · doc4.xml · nonDerivative · entry 5

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 2,040,944

F8 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Exchange Act; therefore, no disgorgement was owed.

F5 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009369 · doc4.xml · nonDerivative · entry 4

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 1,414,286.46

F6 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Exchange Act; therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account. Such sales do not reflect the portfolio manager's long-term view of the investment.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.24 to $24.41, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (7) to this Form 4.

F2 · balance_after: These shares are held by HCMLP both directly and indirectly through advised accounts. Mr. Dondero is the sole shareholder of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc. Given Mr. Dondero's historic role with HCMLP, his continued ownership interest and his role as portfolio manager, we have included shares held by advised accounts of HCMLP in this filing. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-009433 · doc4.xml · nonDerivative · entry 5

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 1,990,944

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.41 to $27.06, inclusive.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009433 · doc4.xml · nonDerivative · entry 4

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 1,991,549

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.37 to $26.09, inclusive.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009433 · doc4.xml · nonDerivative · entry 3

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 1,996,640

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.375 to $25.36, inclusive.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009433 · doc4.xml · nonDerivative · entry 2

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 2,020,719

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.38 to $24.37, inclusive.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009433 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 2,035,196

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.38 to $23.32, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (4)-(11) to this Form 4.

F3 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009441 · doc4.xml · nonDerivative · entry 2

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 81,971

F1 · kind: The sales reported herein were for cash management in a collateral account. Such sales do not reflect the Reporting Person's long-term view of the investment. As of the date of this filing, the Reporting Person disputes the propriety of the sales reported herein.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.52 to $23.73, inclusive.

SEC source: 0000899243-20-009441 · doc4.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 83,180

F1 · kind: The sales reported herein were for cash management in a collateral account. Such sales do not reflect the Reporting Person's long-term view of the investment. As of the date of this filing, the Reporting Person disputes the propriety of the sales reported herein.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.52 to $23.51, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.

SEC source: 0000899243-20-009369 · doc4.xml · nonDerivative · entry 3

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 2,179,625

F4 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein was matchable under Section 16(b) of the Exchange Act. The Reporting Person has disgorged $4,086.98 to NexPoint Residential Trust, Inc., representing the full amount of his pecuniary interest in the deemed profit realized in connection with the short swing transaction, less transaction costs.

F5 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-20-009369 · doc4.xml · nonDerivative · entry 2

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 1,922,668.46

F3 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Exchange Act; therefore, no disgorgement was owed. The sale reported herein was for cash management at two HCMLP related accounts. Such sales do not reflect the portfolio manager's long-term view of the investment.

F2 · balance_after: These shares are held by HCMLP both directly and indirectly through advised accounts. Mr. Dondero is the sole shareholder of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc. Given Mr. Dondero's historic role with HCMLP, his continued ownership interest and his role as portfolio manager, we have included shares held by advised accounts of HCMLP in this filing. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-009369 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 1,937,136.46

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"). The Reporting Person has disgorged $6.04 to NexPoint Residential Trust, Inc., representing the full amount of his pecuniary interest in the deemed profit realized in connection with the short swing transaction, less transaction costs. The sale reported herein was for cash management at two Highland Capital Management, L.P. ("HCMLP") related accounts. Such sales do not reflect the portfolio manager's long-term view of the investment.

F2 · balance_after: These shares are held by HCMLP both directly and indirectly through advised accounts. Mr. Dondero is the sole shareholder of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc. Given Mr. Dondero's historic role with HCMLP, his continued ownership interest and his role as portfolio manager, we have included shares held by advised accounts of HCMLP in this filing. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-009151 · doc4.xml · nonDerivative · entry 3

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management Fund Advisors, L.P.

Disclosed balance after: 234,952

F3 · kind: The Reporting Person's purchase and sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Exchange Act; therefore, no disgorgement was owed. The purchase and sale reported herein relate to separate accounts advised by Highland Capital Management Fund Advisors, L.P. ("HCMFA") and do not reflect the portfolio manager's long-term view of the investment.

F4 · balance_after: These shares are held by HCMFA indirectly through advised accounts. Mr. Dondero is the sole stockholder and director of Strand Advisors XVI, Inc., HCMFA's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMFA. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-009151 · doc4.xml · nonDerivative · entry 2

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management Fund Advisors, L.P.

Disclosed balance after: 267,771

F3 · kind: The Reporting Person's purchase and sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Exchange Act; therefore, no disgorgement was owed. The purchase and sale reported herein relate to separate accounts advised by Highland Capital Management Fund Advisors, L.P. ("HCMFA") and do not reflect the portfolio manager's long-term view of the investment.

F4 · balance_after: These shares are held by HCMFA indirectly through advised accounts. Mr. Dondero is the sole stockholder and director of Strand Advisors XVI, Inc., HCMFA's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMFA. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-009151 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P

Disclosed balance after: 1,938,490.46

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. These sales were for cash management at a Highland Capital Management, L.P. ("HCMLP") related account. Such sales do not reflect the portfolio manager's long-term view of the investment.

F2 · balance_after: These shares are held by HCMLP both directly and indirectly through advised accounts. Mr. Dondero is the sole shareholder of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc. Given Mr. Dondero's historic role with HCMLP, his continued ownership interest and his role as portfolio manager, we have included shares held by advised accounts of HCMLP in this filing. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-008673 · doc4.xml · derivative · entry 10

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 17,821 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F10 · derivative.exercise_date: On March 16, 2017, the reporting person was granted 53,461 restricted stock units which vested one-third on March 16, 2018, one-third on March 16, 2019 and one-third on March 16, 2020. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F10 · derivative.expiration_date: On March 16, 2017, the reporting person was granted 53,461 restricted stock units which vested one-third on March 16, 2018, one-third on March 16, 2019 and one-third on March 16, 2020. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-20-008673 · doc4.xml · nonDerivative · entry 5

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management Fund Advisors, L.P.

Disclosed balance after: 194,671

F5 · kind: The Reporting Person's purchase of NexPoint Residential Trust, Inc. common stock reported herein was matchable under Section 16(b) of the Exchange Act. The Reporting Person has disgorged $270.06 to NexPoint Residential Trust, Inc., representing the full amount of his pecuniary interest in the deemed profit realized in connection with the short-swing transaction, less transaction costs.

F6 · balance_after: These shares are held by Highland Capital Management Fund Advisors, L.P. ("HCMFA") indirectly through advised accounts. Mr. Dondero is the sole stockholder and director of Strand Advisors XVI, Inc., HCMFA's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMFA. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-008673 · doc4.xml · nonDerivative · entry 4

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 149,452.98

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

SEC source: 0000899243-20-008673 · doc4.xml · nonDerivative · entry 3

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P

Disclosed balance after: 2,085,490.46

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. These sales were for cash management at a Highland Capital Management, L.P. ("HCMLP") related account. Such sales do not reflect the portfolio manager's long-term view of the investment.

F2 · balance_after: These shares are held by HCMLP both directly and indirectly through advised accounts. Mr. Dondero is the sole shareholder of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc. Given Mr. Dondero's historic role with HCMLP, his continued ownership interest and his role as portfolio manager, we have included shares held by advised accounts of HCMLP in this filing. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-008673 · doc4.xml · nonDerivative · entry 2

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P

Disclosed balance after: 2,095,990.46

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. These sales were for cash management at a Highland Capital Management, L.P. ("HCMLP") related account. Such sales do not reflect the portfolio manager's long-term view of the investment.

F2 · balance_after: These shares are held by HCMLP both directly and indirectly through advised accounts. Mr. Dondero is the sole shareholder of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc. Given Mr. Dondero's historic role with HCMLP, his continued ownership interest and his role as portfolio manager, we have included shares held by advised accounts of HCMLP in this filing. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-008831 · doc4.xml · derivative · entry 5

Mitts Brian · CIK 0001514845 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 8,034 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F3 · derivative.exercise_date: On March 16, 2017, the reporting person was granted 24,101 restricted stock units which vested one-third on March 16, 2018, one-third on March 16, 2019 and one-third on March 16, 2020. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F3 · derivative.expiration_date: On March 16, 2017, the reporting person was granted 24,101 restricted stock units which vested one-third on March 16, 2018, one-third on March 16, 2019 and one-third on March 16, 2020. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-20-008831 · doc4.xml · nonDerivative · entry 2

Mitts Brian · CIK 0001514845 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,140

SEC source: 0000899243-20-008831 · doc4.xml · nonDerivative · entry 1

Mitts Brian · CIK 0001514845 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,301

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

SEC source: 0000899243-20-008832 · doc4.xml · derivative · entry 4

Goetz Matthew · CIK 0001636204 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 8,910 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F3 · derivative.exercise_date: On March 16, 2017, the reporting person was granted 26,730 restricted stock units which vested one-third on March 16, 2018, one-third on March 16, 2019 and one-third on March 16, 2020. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F3 · derivative.expiration_date: On March 16, 2017, the reporting person was granted 26,730 restricted stock units which vested one-third on March 16, 2018, one-third on March 16, 2019 and one-third on March 16, 2020. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-20-008832 · doc4.xml · nonDerivative · entry 2

Goetz Matthew · CIK 0001636204 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,720.16

SEC source: 0000899243-20-008832 · doc4.xml · nonDerivative · entry 1

Goetz Matthew · CIK 0001636204 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 72,117.16

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

SEC source: 0000899243-20-008829 · doc4.xml · derivative · entry 7

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 26,731 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F5 · derivative.exercise_date: On March 16, 2017, the reporting person was granted 80,192 (includes 1,000 restricted stock units transferred as a gift on 3/15/2018) restricted stock units which vested one-third on March 16, 2018, one-third on March 16, 2019 and one-third on March 16, 2020. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F5 · derivative.expiration_date: On March 16, 2017, the reporting person was granted 80,192 (includes 1,000 restricted stock units transferred as a gift on 3/15/2018) restricted stock units which vested one-third on March 16, 2018, one-third on March 16, 2019 and one-third on March 16, 2020. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-20-008829 · doc4.xml · nonDerivative · entry 2

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 91,556

SEC source: 0000899243-20-008829 · doc4.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 103,178

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

SEC source: 0000899243-20-008673 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 2,240,990.46

F1 · kind: The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. These sales were for cash management at a Highland Capital Management, L.P. ("HCMLP") related account. Such sales do not reflect the portfolio manager's long-term view of the investment.

F2 · balance_after: These shares are held by HCMLP both directly and indirectly through advised accounts. Mr. Dondero is the sole shareholder of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc. Given Mr. Dondero's historic role with HCMLP, his continued ownership interest and his role as portfolio manager, we have included shares held by advised accounts of HCMLP in this filing. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F3 · balance_after: Includes shares acquired under the issuer's dividend reinvestment plan.

SEC source: 0000899243-20-008212 · doc4.xml · nonDerivative · entry 1

Goetz Matthew · CIK 0001636204 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,207.16

SEC source: 0000899243-20-005850 · doc4.xml · derivative · entry 2

LAFFER ARTHUR B · CIK 0001090307 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 3,017 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: On February 21, 2019, the reporting person was granted 3,017 restricted stock units which vested on February 21, 2020. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F2 · derivative.expiration_date: On February 21, 2019, the reporting person was granted 3,017 restricted stock units which vested on February 21, 2020. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-20-005850 · doc4.xml · nonDerivative · entry 1

LAFFER ARTHUR B · CIK 0001090307 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,603

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.