James Dondero - May 11, 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: May 11, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/13/2025, 09:40 PM
Previous filing: May 22, 2025
Next filing: May 19, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
DONDERO JAMES D	President, Director, 10%+ Owner	300 CRESCENT COURT, SUITE 700, DALLAS	/s/ Paul Richards as attorney-in-fact for James D. Dondero	2025-05-13	0001228922

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXRT	Common Stock	Options Exercise		+6.78K	+1.38%		500K	May 11, 2025	Direct	F1, F2
holding	NXRT	Common Stock						1.25M	May 11, 2025	By trust	F2, F3
holding	NXRT	Common Stock						159K	May 11, 2025	By NexPoint Advisors, L.P.	F2, F4
holding	NXRT	Common Stock						397K	May 11, 2025	See Footnote	F2, F5
holding	NXRT	Common Stock						14.2K	May 11, 2025	See Footnote	F2, F6
holding	NXRT	Common Stock						857K	May 11, 2025	See Footnote	F7
holding	NXRT	Common Stock						39K	May 11, 2025	By 401(k)	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	NXRT	Restricted Stock Units	Options Exercise	$0	-6.78K	-100%	$0.00	0	May 11, 2025	Common Stock	6.78K		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	Includes shares acquired under a dividend reinvestment plan.
F3	These shares are held by a trust. Mr. Dondero disclaims beneficial ownership of such shares.
F4	36,822 shares are held by NexPoint Real Estate Strategies Fund, 98,671 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.
F5	207,255 shares are held by Highland Opportunities and Income Fund and 189,471 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.
F6	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.
F7	These shares are held by a subsidiary of the trust referenced in footnote 3 to this Form 4. Mr. Dondero disclaims beneficial ownership of such shares.
F8	On May 11, 2020, the reporting person was granted 33,895 restricted stock units which vested 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.