Form 4 for NREF NexPoint Real Estate Finance, Inc.
Accepted 2022-12-23 00:00:00 ET · period of report 2022-12-23 · accession 0001437749-22-029720 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-12-23 | 2022-12-23 | NREF | DONDERO JAMES D | Pres, Dir, 10% | M - OptEx | — | +2.10M | 2.86M | +275% | — |
| DI | 2022-12-23 | 2022-12-23 | NREF | DONDERO JAMES D | Pres, Dir, 10% | M - OptEx | — | -2.10M | 4.87M | -30% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-12-23 | M | A | 2,100,000 | — | 2,863,485 | I See Footnote | — | — | (F1) 2,100,000 of the Class B common units of limited partnership interest ("OP Units") in NexPoint Real Estate Finance Operating Partnership, L.P., the operating partnership (the "OP") of NexPoint Real Estate Finance, Inc. (the "Issuer") were redeemed for an equal number of shares of the Issuer's common stock in accordance with the limited partnership agreement of the OP. (F2) 2,100,000 shares and 4,869,081.43 Class B OP Units are held by NexPoint Real Estate Opportunities, LLC, which is wholly owned by NexPoint Diversified Real Estate Trust Operating Partnership, L.P., which is wholly owned by NexPoint Diversified Real Estate Trust, 281,817 shares are held by NexPoint Real Estate Strategies Fund and 481,668 shares are held by NexPoint Capital, Inc. These entities are managed or advised, directly or indirectly, 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 securities held by NP. Mr. Dondero disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
| 2 | Derivative | Class B OP Units | 2022-12-23 | M | D | 2,100,000 | — | 4,869,081.43 | I See Footnote | — · — to — | 2,100,000 Common Stock | (F7) Represents OP Units in the OP, the operating partnership of the Issuer. (F8) The OP Units are redeemable, subject to certain requirements, for cash or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The OP Units were vested as of the date of issuance and have no expiration date. (F1) 2,100,000 of the Class B common units of limited partnership interest ("OP Units") in NexPoint Real Estate Finance Operating Partnership, L.P., the operating partnership (the "OP") of NexPoint Real Estate Finance, Inc. (the "Issuer") were redeemed for an equal number of shares of the Issuer's common stock in accordance with the limited partnership agreement of the OP. (F2) 2,100,000 shares and 4,869,081.43 Class B OP Units are held by NexPoint Real Estate Opportunities, LLC, which is wholly owned by NexPoint Diversified Real Estate Trust Operating Partnership, L.P., which is wholly owned by NexPoint Diversified Real Estate Trust, 281,817 shares are held by NexPoint Real Estate Strategies Fund and 481,668 shares are held by NexPoint Capital, Inc. These entities are managed or advised, directly or indirectly, 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 securities held by NP. Mr. Dondero disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |