STOCK TITAN

Director at NexPoint (NYSE: NREF) nets 94,914 shares after RSU activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NexPoint Real Estate Finance, Inc. director Brian Mitts reported a mix of RSU grants, vesting, and related share dispositions. On April 2, 2026, he received 6,154 restricted stock units that vest on April 2, 2027. On April 3–4, 2026, previously granted RSUs vested and were exercised into a total of 12,355 shares of common stock, with portions returned to the issuer and 2,448 shares withheld at $13.36 to cover tax obligations rather than sold on the market. Following these transactions, he holds 94,914 shares of common stock directly, 6,154 RSUs outstanding, and 95 shares indirectly through a child.

Positive

  • None.

Negative

  • None.
Insider Mitts Brian
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 6,837 $0.00 --
Exercise Common Stock 6,837 $0.00 --
Disposition Common Stock 1,025 $0.00 --
Tax Withholding Common Stock 2,448 $13.36 $33K
Exercise Restricted Stock Units 5,518 $0.00 --
Exercise Common Stock 5,518 $0.00 --
Disposition Common Stock 2,759 $0.00 --
Grant/Award Restricted Stock Units 6,154 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 6,838 shares (Direct); Common Stock — 98,387 shares (Direct); Common Stock — 95 shares (Indirect, By Child.)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc. Represents the portion of the previously reported restricted stock unit grant that vested on April 3, 2026 and settled in cash. Represents the portion of the previously reported restricted stock unit grant that vested on April 4, 2026 and settled in cash. On April 2, 2026, the reporting person was granted 6,154 restricted stock units. The restricted stock units 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. The restricted stock units 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. On April 4, 2023, the reporting person was granted 27,349 restricted stock units. The restricted stock units vested one-fourth on April 4, 2024, one-fourth on April 4, 2025 and one-fourth on April 4, 2026 and will vest one-fourth on April 4, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
New RSU grant 6,154 RSUs Granted April 2, 2026; vest April 2, 2027
RSU exercises 12,355 shares Common stock acquired via RSU exercises April 3–4, 2026
Tax withholding shares 2,448 shares at $13.36 Shares withheld to cover tax obligations (code F)
Direct common stock holding 94,914 shares Common stock held directly after transactions
Outstanding RSUs 6,154 RSUs Unvested restricted stock units after April 2, 2026 grant
Indirect holding 95 shares Common stock held indirectly by child
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Disposition to issuer financial
"transaction_action: issuer disposition; transaction_code_description: Disposition to issuer"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
indirect ownership financial
"ownership_type: indirect; nature_of_ownership: By Child."
SEC Form 4
FORM 4UNITED 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*
Mitts Brian

(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/03/2026M5,518A(1)94,309D
Common Stock04/03/2026D2,759D(2)91,550D
Common Stock04/04/2026M6,837A(1)98,387D
Common Stock04/04/2026D1,025D(3)97,362D
Common Stock04/04/2026F2,448D$13.3694,914D
Common Stock95IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)04/02/2026A6,154 (4) (4)Common Stock6,154$06,154D
Restricted Stock Units(1)04/03/2026M5,518 (5) (5)Common Stock5,518$00D
Restricted Stock Units(1)04/04/2026M6,837 (6) (6)Common Stock6,837$06,838D
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. Represents the portion of the previously reported restricted stock unit grant that vested on April 3, 2026 and settled in cash.
3. Represents the portion of the previously reported restricted stock unit grant that vested on April 4, 2026 and settled in cash.
4. On April 2, 2026, the reporting person was granted 6,154 restricted stock units. The restricted stock units 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.
5. On April 3, 2025, the reporting person was granted 5,518 restricted stock units. The restricted stock units 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.
6. On April 4, 2023, the reporting person was granted 27,349 restricted stock units. The restricted stock units vested one-fourth on April 4, 2024, one-fourth on April 4, 2025 and one-fourth on April 4, 2026 and will vest one-fourth on April 4, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
/s/ Paul Richards, as attorney-in-fact for Brian Mitts04/06/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transactions did NREF director Brian Mitts report?

Brian Mitts reported RSU grants, vesting, and related share dispositions. He exercised previously granted restricted stock units into 12,355 common shares, returned some shares to the issuer, and had shares withheld to cover tax obligations, while also receiving a new grant of 6,154 RSUs.

How many NexPoint Real Estate Finance (NREF) shares does Brian Mitts now hold?

After the reported transactions, Brian Mitts holds 94,914 shares of NexPoint Real Estate Finance common stock directly. He also holds 6,154 restricted stock units that may settle in stock or cash, and 95 additional shares are reported as held indirectly through a child.

What RSU grant did Brian Mitts receive from NexPoint Real Estate Finance (NREF)?

On April 2, 2026, Brian Mitts was granted 6,154 restricted stock units. These RSUs vest on April 2, 2027, and settlement will generally occur within 30 days of vesting, at the Compensation Committee’s discretion in either cash or common stock.

Were any of Brian Mitts’ NREF transactions open-market share sales?

The filing does not show open-market sales. It reports option-like RSU exercises (code M), shares returned to the issuer (code D), and 2,448 shares withheld at $13.36 (code F) to satisfy tax obligations, which is classified as tax-withholding disposition rather than an open-market sale.