James Dondero - Mar 28, 2025 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role: President, Director, 10%+ Owner
Signature: /s/ Paul Richards as attorney-in-fact for James D. Dondero
Stock symbol: NXRT
Transactions as of: Mar 28, 2025
Transactions value $: $0
Form type: 4
Date filed: 4/1/2025, 04:20 PM
Previous filing: Mar 20, 2025
Next filing: Apr 7, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXRT	Common Stock	Options Exercise		+16.5K	+3.47%		492K	Mar 28, 2025	Direct	F1
holding	NXRT	Common Stock						1.23M	Mar 28, 2025	By trust	F2
holding	NXRT	Common Stock						158K	Mar 28, 2025	By NexPoint Advisors, L.P.	F3
holding	NXRT	Common Stock						392K	Mar 28, 2025	See Footnote	F4
holding	NXRT	Common Stock						14K	Mar 28, 2025	See Footnote	F5
holding	NXRT	Common Stock						857K	Mar 28, 2025	See Footnote	F6
holding	NXRT	Common Stock						38.3K	Mar 28, 2025	By 401(k)	F7

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
transaction	NXRT	Restricted Stock Units	Options Exercise	$0	-16.5K	-25%	$0.00	49.5K	Mar 28, 2025	Common Stock	16.5K		Direct	F1, F8

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
F2	These shares are held by a trust. Mr. Dondero disclaims beneficial ownership of such shares.
F3	36,822 shares are held by NexPoint Real Estate Strategies Fund, 97,430 shares are held by NexPoint Diversified Real Estate Trust and 23,409 shares are held by NexPoint Capital, Inc. These entities are managed by NexPoint Advisors, L.P. ("NP"). 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.
F4	204,648 shares are held by Highland Opportunities and Income Fund and 187,087 shares are held by Highland Global Allocation Fund. These entities are managed by NexPoint Asset Management, L.P., which is ultimately controlled by Mr. Dondero. Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by such entities. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F5	These shares are held through PCMG Trading Partners XXIII, L.P. ("PCMG"). The reporting person may be deemed to be an indirect beneficial owner of the shares held by PCMG. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F6	These shares are held by a subsidiary of the trust referenced in footnote 2 to this Form 4. Mr. Dondero disclaims beneficial ownership of such shares.
F7	Includes shares acquired under a dividend reinvestment plan.
F8	On March 28, 2023, the reporting person was granted 82,530 restricted stock units which vested one-fifth on March 28, 2024 and one-fifth on March 28, 2025, and which will vest one-fifth on March 28, 2026, one-fifth on March 28, 2027 and one-fifth on March 28, 2028. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.