Matt McGraner - Apr 3, 2025 Form 4 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Role
Executive VP and Chief Investment Officer Exhibit List: Exhibit 24 – Power of Attorney
Signature
/s/ Paul Richards, as attorney-in-fact for Matt McGraner
Stock symbol
NREF
Transactions as of
Apr 3, 2025
Transactions value $
-$236,369
Form type
4
Date filed
4/7/2025, 08:32 PM
Previous filing
Apr 1, 2025
Next filing
Apr 15, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NREF Common Stock Options Exercise +32K +13.6% 267K Apr 4, 2025 Direct F1
transaction NREF Common Stock Tax liability -$236K -16.6K -6.22% $14.21 251K Apr 4, 2025 Direct
holding NREF Common Stock 1.8K Apr 3, 2025 See Footnote F2

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 NREF Restricted Stock Units Award $0 +147K $0.00 147K Apr 3, 2025 Common Stock 147K Direct F1, F3
transaction NREF Restricted Stock Units Options Exercise $0 -32K -33.33% $0.00 64K Apr 4, 2025 Common Stock 32K Direct F1, F4
* 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 Real Estate Finance, Inc.
F2 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.
F3 On April 3, 2025, the reporting person was granted 147,319 restricted stock units. The restricted stock units vest one-fourth on April 3, 2026, one-fourth on February 15, 2027, one-fourth on February 15, 2028 and one-fourth on February 15, 2029. 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 128,041 restricted stock units. The restricted stock units vested one-fourth on April 4, 2024 and one-fourth on April 4, 2025 and will vest 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.

Remarks:

Executive VP and Chief Investment Officer Exhibit List: Exhibit 24 – Power of Attorney