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NexPoint Residential Trust, Inc.·4

Mar 17, 9:03 PM ET

DONDERO JAMES D 4

4 · NexPoint Residential Trust, Inc. · Filed Mar 17, 2026

Research Summary

AI-generated summary of this filing

Updated

NexPoint (NXRT) 10% Owner James Dondero Receives 22,350 Shares

What Happened

  • James D. Dondero, a reported 10% owner of NexPoint Residential Trust, Inc. (NXRT), had 22,350 shares acquired on March 13, 2026 via an exercise/conversion of a derivative (reported as code M). The filing shows the conversion at N/A (no cash price), consistent with restricted stock units (RSUs) vesting rather than an open‑market purchase or cash exercise.
  • The Form 4 also lists an earlier entry (2026-02-17) reporting a disposition of 22,350 derivative units at $0.00. The March 13 conversion corresponds to the scheduled vesting (one-fifth) of RSUs granted on March 13, 2024.

Key Details

  • Transaction date(s): 2026-03-13 (conversion/acquisition of 22,350 shares); filing date: 2026-03-17.
  • Transaction code: M = exercise/conversion of derivative (here, conversion of RSUs into shares).
  • Price: N/A for the March 13 conversion; a Feb 17 entry shows $0.00 for a disposition of 22,350 (reported as derivative).
  • Shares owned after transaction: not specified in the portions of the filing provided.
  • Footnotes of note:
    • F1/F7: Each RSU converts to one common share; 111,752 RSUs granted on 3/13/2024 vest one-fifth each year — 22,350 is the one-fifth that vested on 3/13/2026. Settlement generally occurs within 10 days and may be settled in cash at the Compensation Committee’s discretion.
    • F2–F6: Many shares are held by trusts or entities managed by related firms; Mr. Dondero disclaims direct beneficial ownership of certain holdings except to the extent of his pecuniary interest.
  • Timeliness: The Form 4 was filed on 2026-03-17 for a 2026-03-13 transaction (filed 4 calendar days later), which is one business day late under Form 4 timing rules.

Context

  • This was not an open‑market purchase or sale but a conversion/vesting of RSUs into shares — such events are typically administrative (compensation vesting) rather than direct signals of immediate insider buying or selling. Per F7, the grant vests in annual installments; settlement may be in shares or, at the committee’s option, cash.
  • As a 10% owner with holdings held through trusts and managed entities, many reported positions are indirect and subject to disclaimers; these conversions reflect vested compensation rather than active trading decisions.

Insider Transaction Report

Form 4
Period: 2026-03-13
NexPoint Residential Trust, Inc.NXRT
DONDERO JAMES D
DirectorPresident10% Owner
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-13+22,350→ 682,339 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F7]
    2026-02-17−22,350→ 67,050 total
    → Common Stock (22,350 underlying)
Holdings

  • Common Stock

    [F2]
    (indirect: By Trust)
    1,307,766

  • Common Stock

    [F3]
    (indirect: By NexPoint Advisors, L.P)
    153,470

  • Common Stock

    [F4]
    (indirect: See Footnote)
    409,063

  • Common Stock

    [F5]
    (indirect: See Footnote)
    15,090

  • Common Stock

    [F6]
    (indirect: See Footnote)
    856,929

  • Common Stock

    (indirect: By 401(k))
    42,587.807
Footnotes (7)
  • [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]28,322 shares are held by NexPoint Real Estate Strategies Fund, 101,739 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]213,700 shares are held by Highland Opportunities and Income Fund and 195,363 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]On March 13, 2024, the reporting person was granted 111,752 restricted stock units which vested one-fifth on March 13, 2025 and one-fifth on March 13, 2026, and which will vest one-fifth on March 13, 2027, one-fifth on March 13, 2028, and one-fifth on March 13, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
Signature
/s/ Paul Richards as attorney-in-fact for James D. Dondero|2026-03-17

Documents

1 file
  • 4
    rdgdoc.xmlPrimary

    FORM 4