Form 4 for NREF NexPoint Real Estate Finance, Inc.

Accepted 2026-03-17 00:00:00 ET · period of report 2026-03-13 · accession 0001437749-26-008630 · 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
D	2026-03-17	2026-03-13	NREF	Sauter Dennis Charles Jr	GC, Sec	M - OptEx	—	+2,917	29.3K	+11%	—
D	2026-03-17	2026-03-13	NREF	Sauter Dennis Charles Jr	GC, Sec	F - Tax	$13.15	-1,161	28.2K	-4%	-$15.3K
D	2026-03-17	2026-03-13	NREF	Sauter Dennis Charles Jr	GC, Sec	M - OptEx	$0.00	-2,917	5,833	-33%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2026-03-13	M	A	2,917	—	29,328	D	—	—	(F1) Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc.
2	Common	Common Stock	2026-03-13	F	D	1,161	$13.15	28,167	D	—	—
3	Derivative	Restricted Stock Units	2026-03-13	M	D	2,917	$0.00	5,833	D	— · — to —	2,917 Common Stock	(F1) Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc. (F2) On March 13, 2024, the reporting person was granted 11,667 restricted stock units. The restricted stock units vested one-fourth on March 13, 2025 and one-fourth on March 13, 2026 and will vest one-fourth on March 13, 2027 and one-fourth on March 13, 2028. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.