McGraner Matt

SEC source: 0001437749-22-004128 · rdgdoc.xml · derivative · entry 11

McGraner Matt · CIK 0001636187 · EVP, Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,728

Underlying: Common Stock · 15,183 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.

F4 · derivative.exercise_date: On February 18, 2021, the reporting person was granted 75,911 restricted stock units, which vested one-fifth on February 18, 2022, and will vest one-fifth on February 18, 2023, one-fifth on February 18, 2024, one-fifth on February 18, 2025 and one-fifth on February 18, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F4 · derivative.expiration_date: On February 18, 2021, the reporting person was granted 75,911 restricted stock units, which vested one-fifth on February 18, 2022, and will vest one-fifth on February 18, 2023, one-fifth on February 18, 2024, one-fifth on February 18, 2025 and one-fifth on February 18, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0001437749-22-004128 · rdgdoc.xml · nonDerivative · entry 2

McGraner Matt · CIK 0001636187 · EVP, Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 144,740

SEC source: 0001437749-22-004128 · rdgdoc.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · EVP, Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,814

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: 0001437749-22-003732 · rdgdoc.xml · derivative · entry 8

McGraner Matt · CIK 0001636187 · EVP, Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,051

Underlying: Common Stock · 44,051 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.

F6 · derivative.exercise_date: On February 17, 2022, the reporting person was granted 44,051 restricted stock units which will vest 20% on February 17, 2023, 20% on February 17, 2024, 20% on February 17, 2025, 20% on February 17, 2026 and 20% on February 17, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F6 · derivative.expiration_date: On February 17, 2022, the reporting person was granted 44,051 restricted stock units which will vest 20% on February 17, 2023, 20% on February 17, 2024, 20% on February 17, 2025, 20% on February 17, 2026 and 20% on February 17, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0001437749-22-003739 · rdgdoc.xml · derivative · entry 4

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,412

Underlying: Common Stock · 55,412 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 the VineBrook Homes Trust, Inc (the "Company").

F4 · derivative.exercise_date: On February 17, 2022, the reporting person was granted 55,412 restricted stock units. The restricted stock units will vest one-fifth on February 17, 2023, one-fifth on February 17, 2024, one-fifth on February 17, 2025, one-fifth on February 17, 2026 and one-fifth on February 17, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F4 · derivative.expiration_date: On February 17, 2022, the reporting person was granted 55,412 restricted stock units. The restricted stock units will vest one-fifth on February 17, 2023, one-fifth on February 17, 2024, one-fifth on February 17, 2025, one-fifth on February 17, 2026 and one-fifth on February 17, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0001437749-22-004485 · rdgdoc.xml · derivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,412

Underlying: Common Stock · 55,412 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 the VineBrook Homes Trust, Inc (the "Company").

F2 · derivative.exercise_date: On February 17, 2022 the reporting person filed a Form 4 reporting that the 55,412 restricted stock units vested one-fifth on the each of the first five anniversaries of the grant date. This amendment is being filed to correct the vesting schedule. The restricted stock units will vest one-half on the date of the closing of the initial public offering of the Company and will vest one-eighth on February 17, 2023, one-eighth on February 17, 2024, one-eighth on February 17, 2025 and one-eighth on February 17, 2026. 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: On February 17, 2022 the reporting person filed a Form 4 reporting that the 55,412 restricted stock units vested one-fifth on the each of the first five anniversaries of the grant date. This amendment is being filed to correct the vesting schedule. The restricted stock units will vest one-half on the date of the closing of the initial public offering of the Company and will vest one-eighth on February 17, 2023, one-eighth on February 17, 2024, one-eighth on February 17, 2025 and one-eighth on February 17, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0001437749-22-003732 · rdgdoc.xml · derivative · entry 7

McGraner Matt · CIK 0001636187 · EVP, Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 24,475 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 February 15, 2018, the reporting person was granted 97,899 restricted stock units which vested 25% on February 15, 2019, 25% on February 15, 2020, 25% on February 15, 2021, and 25% on February 15, 2022. 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 February 15, 2018, the reporting person was granted 97,899 restricted stock units which vested 25% on February 15, 2019, 25% on February 15, 2020, 25% on February 15, 2021, and 25% on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0001437749-22-003732 · rdgdoc.xml · nonDerivative · entry 2

McGraner Matt · CIK 0001636187 · EVP, Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 135,631

SEC source: 0001437749-22-003732 · rdgdoc.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · EVP, Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 144,085

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: 0001437749-22-003739 · rdgdoc.xml · derivative · entry 3

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,782.875

Underlying: Common Stock · 7,826.125 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 the VineBrook Homes Trust, Inc (the "Company").

F3 · derivative.exercise_date: On February 15, 2021, the reporting person was granted 62,609 restricted stock units. The restricted stock units vested one-eighth on February 15, 2022, and will vest one-eighth on February 15, 2023, one-eighth on February 15, 2024, one-eighth on February 15, 2025; the remaining half of the restricted stock units will vest upon the date of the successful completion of an initial public offering of the Company. 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 February 15, 2021, the reporting person was granted 62,609 restricted stock units. The restricted stock units vested one-eighth on February 15, 2022, and will vest one-eighth on February 15, 2023, one-eighth on February 15, 2024, one-eighth on February 15, 2025; the remaining half of the restricted stock units will vest upon the date of the successful completion of an initial public offering of the Company. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0001437749-22-003739 · rdgdoc.xml · nonDerivative · entry 2

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 17,440.029

F2 · ownership.nature: These shares are held by a trust for which Mr. McGraner serves as trustee. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0001437749-22-003739 · rdgdoc.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 19,555.42

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 the VineBrook Homes Trust, Inc (the "Company").

F2 · ownership.nature: These shares are held by a trust for which Mr. McGraner serves as trustee. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0001437749-21-028851 · rdgdoc.xml · derivative · entry 2

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,331.5

Underlying: Common Stock · 5,665.75 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 the VineBrook Homes Trust, Inc.

F4 · derivative.exercise_date: On December 10, 2019, the reporting person was granted 22,663 restricted stock units. The restricted stock units vested one-fourth on December 10, 2020 and vested one-fourth on December 10, 2021, and will vest one-fourth on December 10, 2022 and one-fourth on December 10, 2023. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F4 · derivative.expiration_date: On December 10, 2019, the reporting person was granted 22,663 restricted stock units. The restricted stock units vested one-fourth on December 10, 2020 and vested one-fourth on December 10, 2021, and will vest one-fourth on December 10, 2022 and one-fourth on December 10, 2023. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0001437749-21-028851 · rdgdoc.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,729.295

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 the VineBrook Homes Trust, Inc.

F2 · balance_after: Immediately after issuance of the shares of common noted in this Form 4 to the reporting person, 655 shares of common stock were transferred from the reporting person pursuant to a transaction exempt from reporting.

F3 · ownership.nature: These shares are held by a trust for which Mr. McGraner serves as trustee. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0001437749-21-026501 · rdgdoc.xml · derivative · entry 4

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 126,975.17

Underlying: Common Stock · 126,975.17 shares

Expires not disclosed

F1 · security: Represents common units of limited partnership interest ("OP Units") in NexPoint Real Estate Finance Operating Partnership, L.P., the operating partnership (the "OP") of NexPoint Real Estate Finance, Inc. (the "Issuer").

F2 · derivative.exercise_price: The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.

F3 · kind: Pursuant to a reclassification exempt under Rule 16b-7 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each OP Unit reported herein was reclassified into a new Class C OP Unit.

F3 · price: Pursuant to a reclassification exempt under Rule 16b-7 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each OP Unit reported herein was reclassified into a new Class C OP Unit.

F2 · derivative.exercise_date: The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.

F2 · derivative.expiration_date: The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.

F5 · ownership.nature: These OP Units are held by trusts for which Mr. McGraner serves as trustee. Mr. McGraner disclaims beneficial ownership of such OP Units except to the extent of his pecuniary interest therein.

SEC source: 0001437749-21-026501 · rdgdoc.xml · derivative · entry 3

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 14,108.35

Underlying: Common Stock · 14,108.35 shares

Expires not disclosed

F1 · security: Represents common units of limited partnership interest ("OP Units") in NexPoint Real Estate Finance Operating Partnership, L.P., the operating partnership (the "OP") of NexPoint Real Estate Finance, Inc. (the "Issuer").

F2 · derivative.exercise_price: The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.

F3 · kind: Pursuant to a reclassification exempt under Rule 16b-7 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each OP Unit reported herein was reclassified into a new Class C OP Unit.

F3 · price: Pursuant to a reclassification exempt under Rule 16b-7 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each OP Unit reported herein was reclassified into a new Class C OP Unit.

F2 · derivative.exercise_date: The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.

F2 · derivative.expiration_date: The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.

F5 · ownership.nature: These OP Units are held by trusts for which Mr. McGraner serves as trustee. Mr. McGraner disclaims beneficial ownership of such OP Units except to the extent of his pecuniary interest therein.

SEC source: 0001437749-21-026501 · rdgdoc.xml · derivative · entry 2

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 0

Underlying: Common Stock · 126,975.17 shares

Expires not disclosed

F1 · security: Represents common units of limited partnership interest ("OP Units") in NexPoint Real Estate Finance Operating Partnership, L.P., the operating partnership (the "OP") of NexPoint Real Estate Finance, Inc. (the "Issuer").

F2 · derivative.exercise_price: The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.

F3 · kind: Pursuant to a reclassification exempt under Rule 16b-7 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each OP Unit reported herein was reclassified into a new Class C OP Unit.

F3 · price: Pursuant to a reclassification exempt under Rule 16b-7 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each OP Unit reported herein was reclassified into a new Class C OP Unit.

F2 · derivative.exercise_date: The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.

F2 · derivative.expiration_date: The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.

F4 · ownership.nature: Prior to the reclassification referred to in footnote 3 hereto, Mr. McGraner transferred 126,975.17 OP Units to another trust for which he serves as trustee.

SEC source: 0001437749-21-026501 · rdgdoc.xml · derivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 0

Underlying: Common Stock · 14,108.35 shares

Expires not disclosed

F1 · security: Represents common units of limited partnership interest ("OP Units") in NexPoint Real Estate Finance Operating Partnership, L.P., the operating partnership (the "OP") of NexPoint Real Estate Finance, Inc. (the "Issuer").

F2 · derivative.exercise_price: The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.

F3 · kind: Pursuant to a reclassification exempt under Rule 16b-7 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each OP Unit reported herein was reclassified into a new Class C OP Unit.

F3 · price: Pursuant to a reclassification exempt under Rule 16b-7 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each OP Unit reported herein was reclassified into a new Class C OP Unit.

F2 · derivative.exercise_date: The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.

F2 · derivative.expiration_date: The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date.

F4 · ownership.nature: Prior to the reclassification referred to in footnote 3 hereto, Mr. McGraner transferred 126,975.17 OP Units to another trust for which he serves as trustee.

SEC source: 0001437749-21-015836 · rdgdoc.xml · derivative · entry 5

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 71,531

Underlying: Common Stock · 23,844 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 Real Estate Finance, Inc.

F4 · derivative.exercise_date: On June 24, 2020, the reporting person was granted 95,375 restricted stock units. The restricted stock units vested one-fourth on June 24, 2021, and will vest one-fourth on May 8, 2022, one-fourth on May 8, 2023 and one-fourth on May 8, 2024. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F4 · derivative.expiration_date: On June 24, 2020, the reporting person was granted 95,375 restricted stock units. The restricted stock units vested one-fourth on June 24, 2021, and will vest one-fourth on May 8, 2022, one-fourth on May 8, 2023 and one-fourth on May 8, 2024. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0001437749-21-015836 · rdgdoc.xml · nonDerivative · entry 2

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,411

SEC source: 0001437749-21-015836 · rdgdoc.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,159

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 Real Estate Finance, Inc.

SEC source: 0001437749-21-012153 · rdgdoc.xml · derivative · entry 7

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,589

Underlying: Common Stock · 8,648 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 May 11, 2020, the reporting person was granted 43,237 restricted stock units which vested one-fifth on May 11, 2021, and will vest 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.

F5 · derivative.expiration_date: On May 11, 2020, the reporting person was granted 43,237 restricted stock units which vested one-fifth on May 11, 2021, and will vest 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: 0001437749-21-012153 · rdgdoc.xml · nonDerivative · entry 2

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 119,610

SEC source: 0001437749-21-012153 · rdgdoc.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 123,067

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: 0001437749-21-004327 · rdgdoc.xml · derivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,357

Underlying: Common Stock · 63,357 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 Real Estate Finance, Inc.

F2 · derivative.exercise_date: The restricted stock units vest one-fourth on February 22, 2022, one-fourth on February 22, 2023, one-fourth on February 22, 2024 and one-fourth on February 22, 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-fourth on February 22, 2022, one-fourth on February 22, 2023, one-fourth on February 22, 2024 and one-fourth on February 22, 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: 0001437749-21-003836 · rdgdoc.xml · derivative · entry 10

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,201

Underlying: Common Stock · 13,066 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 February 21, 2019, the reporting person was granted 65,333 restricted stock units which vested one-fifth on February 21, 2020 and one-fifth on February 21, 2021, and will vest one-fifth on February 21, 2022, one-fifth on February 21, 2023 and one-fifth on February 21, 2024. 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 February 21, 2019, the reporting person was granted 65,333 restricted stock units which vested one-fifth on February 21, 2020 and one-fifth on February 21, 2021, and will vest one-fifth on February 21, 2022, one-fifth on February 21, 2023 and one-fifth on February 21, 2024. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0001437749-21-003836 · rdgdoc.xml · nonDerivative · entry 4

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 114,419

SEC source: 0001437749-21-003836 · rdgdoc.xml · nonDerivative · entry 3

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 119,860

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: 0001437749-21-003836 · rdgdoc.xml · derivative · entry 9

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,782

Underlying: Common Stock · 12,445 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.

F4 · derivative.exercise_date: On February 20, 2020, the reporting person was granted 62,227 restricted stock units which vested one-fifth on February 20, 2021, and will vest one-fifth on February 20, 2022, one-fifth on February 20, 2023, one-fifth on February 20, 2024 and one-fifth on February 20, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F4 · derivative.expiration_date: On February 20, 2020, the reporting person was granted 62,227 restricted stock units which vested one-fifth on February 20, 2021, and will vest one-fifth on February 20, 2022, one-fifth on February 20, 2023, one-fifth on February 20, 2024 and one-fifth on February 20, 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: 0001437749-21-003836 · rdgdoc.xml · nonDerivative · entry 2

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 106,794

SEC source: 0001437749-21-003836 · rdgdoc.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 111,841

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: 0001437749-21-003683 · rdgdoc.xml · derivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,911

Underlying: Common Stock · 75,911 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 February 18, 2022, one-fifth on February 18, 2023, one-fifth on February 18, 2024, one-fifth on February 18, 2025 and one-fifth on February 18, 2026. 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 February 18, 2022, one-fifth on February 18, 2023, one-fifth on February 18, 2024, one-fifth on February 18, 2025 and one-fifth on February 18, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0001437749-21-003166 · rdgdoc.xml · derivative · entry 7

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,475

Underlying: Common Stock · 24,475 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 February 15, 2018, the reporting person was granted 97,899 restricted stock units which vested 25% on February 15, 2019, 25% on February 15, 2020 and 25% on February 15, 2021, and will vest 25% on February 15, 2022. 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 February 15, 2018, the reporting person was granted 97,899 restricted stock units which vested 25% on February 15, 2019, 25% on February 15, 2020 and 25% on February 15, 2021, and will vest 25% on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0001437749-21-003166 · rdgdoc.xml · nonDerivative · entry 2

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 99,396

SEC source: 0001437749-21-003166 · rdgdoc.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 106,446

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: 0000899243-20-017577 · doc4.xml · derivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 95,375

Underlying: Common Stock · 95,375 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 Real Estate Finance, Inc.

F2 · derivative.exercise_date: The restricted stock units vest one-fourth on June 24, 2021, one-fourth on May 8, 2022, one-fourth on May 8, 2023 and one-fourth on May 8, 2024. 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-fourth on June 24, 2021, one-fourth on May 8, 2022, one-fourth on May 8, 2023 and one-fourth on May 8, 2024. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-20-014573 · doc4.xml · derivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 141,084

Underlying: Common Stock · 141,084 shares

Expires not disclosed

F1 · security: Represents common units of limited partnership interest (the "OP Units") in NexPoint Real Estate Finance Operating Partnership, L.P., the Issuer's operating partnership (the "OP").

F2 · derivative.exercise_price: The OP Units are redeemable, beginning on May 29, 2021, for cash equal to the then current-market value of one share of the Issuer's common stock or, at the election of the Issuer and only after receiving the approval of the Issuer's stockholders, for shares of the Issuer's common stock on a one-for-one basis.

F3 · kind: The OP Units were issued in connection with a contribution agreement, pursuant to which the reporting person contributed his interest in an entity to the OP.

F3 · price: The OP Units were issued in connection with a contribution agreement, pursuant to which the reporting person contributed his interest in an entity to the OP.

F4 · derivative.exercise_date: The OP Units are vested as of the date of issuance. The OP Units have no expiration date.

F4 · derivative.expiration_date: The OP Units are vested as of the date of issuance. The OP Units have no expiration date.

F5 · ownership.nature: The OP Units are held in a trust. Mr. McGraner is the trustee of the trust. Mr. McGraner disclaims beneficial ownership of such OP Units except to the extent of his pecuniary interest therein.

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: 0000899243-20-009581 · doc4.xml · nonDerivative · entry 3

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,315

SEC source: 0000899243-20-009581 · doc4.xml · nonDerivative · entry 2

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,815

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: 0000899243-20-008829 · 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: 0000899243-20-009581 · doc4.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 1,800

F1 · ownership.nature: 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. Please refer to the Form 4 filed by James D. Dondero on March 17, 2020.

SEC source: 0000899243-20-006711 · doc4.xml · nonDerivative · entry 2

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 65,700

F1 · ownership.nature: These shares are held by NexPoint Real Estate Strategies Fund ("NRESF"). The Reporting Person is a co-portfolio manager of NRESF, and may be deemed to be an indirect beneficial owner of shares held by NRESF. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-006711 · doc4.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 65,175

F1 · ownership.nature: These shares are held by NexPoint Real Estate Strategies Fund ("NRESF"). The Reporting Person is a co-portfolio manager of NRESF, and may be deemed to be an indirect beneficial owner of shares held by NRESF. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-006247 · doc4.xml · nonDerivative · entry 2

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 52,200

F1 · ownership.nature: These shares are held by NexPoint Real Estate Strategies Fund ("NRESF"). The Reporting Person is a co-portfolio manager of NRESF, and may be deemed to be an indirect beneficial owner of shares held by NRESF. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-20-006247 · doc4.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 25,156

F1 · ownership.nature: These shares are held by NexPoint Real Estate Strategies Fund ("NRESF"). The Reporting Person is a co-portfolio manager of NRESF, and may be deemed to be an indirect beneficial owner of shares held by NRESF. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.