NexPoint Real Estate (NREF) director logs 11,904-share sale and updated holdings

Rhea-AI Filing Summary

NexPoint Real Estate Finance, Inc. director reported a recent stock transaction in company shares. On 12/18/2025, the reporting person disposed of 11,904 shares of common stock at a price of $14.51 per share through a 401(k) plan, leaving no shares held in that plan after the transaction. Following this activity, the director beneficially owns 81,809 shares of common stock directly and 95 shares indirectly through a child, reflecting their current reported stake in the company.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mitts Brian

(Last) (First) (Middle)

300 CRESCENT COURT, SUITE 700

(Street)

DALLAS TX 75201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NexPoint Real Estate Finance, Inc. [ NREF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/18/2025		S		11,904	D	$14.51	0	I	By 401(k) Plan.
Common Stock								81,809	D
Common Stock								95	I	By Child.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Brian Mitts	12/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did NexPoint Real Estate Finance (NREF) disclose?

The company disclosed that a director disposed of 11,904 shares of common stock on 12/18/2025 at a price of $14.51 per share through a 401(k) plan.

Who is the reporting person in this NexPoint Real Estate Finance (NREF) Form 4?

The Form 4 identifies the reporting person as a director of NexPoint Real Estate Finance, Inc., as indicated in the relationship section of the filing.

How many NexPoint Real Estate Finance (NREF) shares did the director sell?

The director reported disposing of 11,904 shares of NexPoint Real Estate Finance, Inc. common stock in a single transaction on 12/18/2025.

What price was received for the sold NREF shares?

The 11,904 shares of NexPoint Real Estate Finance, Inc. common stock were sold at a price of $14.51 per share.

How many NexPoint Real Estate Finance (NREF) shares does the director own after the transaction?

After the reported transaction, the director beneficially owns 81,809 shares of common stock directly and 95 shares indirectly through a child.

Does the director still hold NREF shares in a 401(k) plan after this transaction?

No. The filing shows that, following the disposition of 11,904 shares at $14.51, the director holds 0 shares in the 401(k) plan.