Richards Paul 4

What Happened Paul Richards, NexPoint Residential Trust’s Chief Financial Officer (also EVP‑Finance, Treasurer and Assistant Secretary), bought a total of 1,700 NXRT shares in two open‑market purchases: 1,500 shares on 2026-03-19 at a reported weighted average of $24.81 (total reported $37,215) and 200 shares on 2026-03-20 at $24.11 (total $4,822). Combined, the purchases represent roughly $42,000 of stock. These were purchases (code P), i.e., acquisitions by an insider rather than sales.

Key Details

• Transaction dates and prices:
  • 2026-03-19: 1,500 shares, reported weighted average $24.81 (price range per footnote: $24.62–$24.93); reported value $37,215.
  • 2026-03-20: 200 shares, $24.11; reported value $4,822.
• Shares owned after the transactions: Not specified in the provided Form 4 details.
• Notable footnote: The 3/19 price is a weighted average; the filing notes multiple trades in a $24.62–$24.93 range and offers to provide a price-by-price breakdown on request (Footnote F1).
• Timeliness: The 3/20 transaction was filed on 2026-03-24 (within the two‑business‑day window). The 3/19 trade was included in the same filing but was reported one business day late relative to the 3/19 execution (filed 3/24).

Context

• These are straightforward open‑market purchases (no option exercise, gift, or award). Purchases by executives are often watched by retail investors as a potential positive signal, but filings are factual and do not disclose the insider’s motivation.
• Paul Richards holds multiple finance roles at NexPoint Residential; this filing reflects personal acquisitions, not a 10% owner or institutional transaction.