Arthur Laffer (NREF) granted 6,154 RSUs and receives 5,518 common shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

LAFFER ARTHUR B reported acquisition or exercise transactions in this Form 4 filing.

NexPoint Real Estate Finance director Arthur B. Laffer reported equity compensation activity. On April 2, 2026, he received a grant of 6,154 restricted stock units, each representing one share of common stock, scheduled to vest on April 2, 2027. On April 3, 2026, 5,518 previously granted restricted stock units vested and were settled into 5,518 shares of common stock at a stated price of $0.00 per share. After these transactions, he directly holds 65,009 shares of common stock.

Insider Trade Summary

0 shares exercised/converted

Mixed 3 txns

Insider LAFFER ARTHUR B

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	0	$0.00	--
Exercise	Common Stock	5,518	$0.00	--
Grant/Award	Restricted Stock Units	6,154	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 65,009 shares (Direct)

Footnotes (1)

Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc. On April 2, 2026, the reporting person was granted 6,154 restricted stock units, which vest on April 2, 2027. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash. On April 3, 2025, the reporting person was granted 5,518 restricted stock units, which vested on April 3, 2026. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Key Figures

New RSU grant: 6,154 RSUs New RSU vesting date: April 2, 2027 RSUs vested into shares: 5,518 shares +2 more

5 metrics

New RSU grant 6,154 RSUs Granted April 2, 2026, each for one common share

New RSU vesting date April 2, 2027 Vesting date for 6,154 restricted stock units

RSUs vested into shares 5,518 shares Previously granted units vested and settled April 3, 2026

Shares after transactions 65,009 shares Common stock directly held after April 3, 2026

Prior RSU grant date April 3, 2025 5,518 RSUs granted, later vested April 3, 2026

Key Terms

Restricted Stock Units, vest, settlement, Compensation Committee, +1 more

5 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share of common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest financial

"granted 6,154 restricted stock units, which vest on April 2, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

settlement financial

"Settlement will generally occur within 30 days of vesting"

Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.

Compensation Committee financial

"may at the discretion of the Compensation Committee be settled in cash"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

04/06/2026 - 09:43 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

LAFFER ARTHUR B

(Last)

(First)

(Middle)

300 CRESCENT COURT, SUITE 700

(Street)

DALLAS

TEXAS

75201

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/03/2026		M		5,518	A	⁽¹⁾	65,009	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	04/02/2026		A		6,154		⁽²⁾	⁽²⁾	Common Stock	6,154	$0	6,154	D
Restricted Stock Units	⁽¹⁾	04/03/2026		M			$5,518	⁽³⁾	⁽³⁾	Common Stock	5,518	$0	0	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc.

2. On April 2, 2026, the reporting person was granted 6,154 restricted stock units, which vest on April 2, 2027. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

3. On April 3, 2025, the reporting person was granted 5,518 restricted stock units, which vested on April 3, 2026. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

	/s/ Paul Richards, as attorney-in-fact for Arthur Laffer	04/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did NREF director Arthur B. Laffer report?

Arthur B. Laffer reported equity compensation activity, not open-market trades. He received 6,154 new restricted stock units and had 5,518 previously granted units vest into common stock, increasing his directly held NREF share count.

How many NREF shares does Arthur B. Laffer hold after these Form 4 transactions?

Following the reported transactions, Arthur B. Laffer directly holds 65,009 shares of NexPoint Real Estate Finance common stock. This reflects the settlement of 5,518 vested restricted stock units into shares on April 3, 2026.

What restricted stock unit grant did NREF report for Arthur B. Laffer?

On April 2, 2026, Arthur B. Laffer was granted 6,154 restricted stock units. Each unit represents a contingent right to receive one share of NexPoint Real Estate Finance common stock, scheduled to vest on April 2, 2027, subject to plan terms.

When do Arthur B. Laffer’s new NREF restricted stock units vest and settle?

The 6,154 restricted stock units granted on April 2, 2026 vest on April 2, 2027. Settlement generally occurs within 30 days of vesting and may, at the Compensation Committee’s discretion, be settled in cash instead of shares.

What happened to the 5,518 NREF restricted stock units granted earlier to Arthur B. Laffer?

The 5,518 restricted stock units granted on April 3, 2025 vested on April 3, 2026. They were settled by delivering 5,518 shares of NexPoint Real Estate Finance common stock, increasing Laffer’s directly held share position.