Paul Richards - 01 Jan 2025 Form 3 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Role: Officer
Signature: /s/ Paul Richards
Issuer symbol: NREF
Transactions as of: 01 Jan 2025
Transactions value $: $0
Form type: 3
Filing time: 08 Jan 2025, 16:15:50 UTC
Previous filing: 29 Aug 2024
Next filing: 19 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NREF	Common Stock						36,431	01 Jan 2025	Direct
holding	NREF	Common Stock						7,498	01 Jan 2025	By 401(k) plan.
holding	NREF	Common Stock						879	01 Jan 2025	By IRA.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	NREF	Restricted Stock Units							01 Jan 2025	Common Stock	3,220		Direct	F1, F2
holding	NREF	Restricted Stock Units							01 Jan 2025	Common Stock	9,139		Direct	F2, F3
holding	NREF	Restricted Stock Units							01 Jan 2025	Common Stock	20,683		Direct	F2, F4
holding	NREF	Restricted Stock Units							01 Jan 2025	Common Stock	40,000		Direct	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 22, 2021, the reporting person was granted 12,880 restricted stock units. The restricted stock units vested one-fourth on February 22, 2022, one-fourth on February 22, 2023 and one-fourth on February 22, 2024 and will vest 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	Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc.
F3	On February 21, 2022, the reporting person was granted 18,278 restricted stock units. The restricted stock units vested one-fourth on February 21, 2023 and one-fourth on February 21, 2024 and will vest one-fourth on February 21, 2025 and one-fourth on February 21, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F4	On April 4, 2023, the reporting person was granted 27,578 restricted stock units, which vested one-fourth on April 4, 2024 and will vest one-fourth on April 4, 2025, one-fourth on April 4, 2026 and one-fourth on April 4, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F5	On March 13, 2024, the reporting person was granted 40,000 restricted stock units, which will vest one-fourth on March 13, 2025, one-fourth on March 13, 2026, one-fourth on March 13, 2027 and one-fourth on March 13, 2028. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Remarks:

Chief Financial Officer, Executive Vice President-Finance, Assistant Secretary and Treasurer Exhibit List: Exhibit 24 – Power of Attorney