Welcome to our dedicated page for Nexpoint Real Estate Finance SEC filings (Ticker: NREF), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
NexPoint Real Estate Finance, Inc. filings document the regulatory record of a publicly traded REIT with common stock and Series A cumulative redeemable preferred stock listed on the NYSE. Its 8-K filings report quarterly results, earnings presentations, non-GAAP distribution measures, secured financing arrangements, promissory notes, participation agreements and preferred-stock capital actions.
The company’s SEC record also includes proxy materials for annual stockholder meetings and governance votes, registration-related disclosures for preferred stock offerings, dealer manager arrangements, capital structure details, risk-related financing terms, and reporting on the role of its operating partnership and external manager.
NexPoint Real Estate Finance, Inc. officer Paul Richards reported compensation-related stock activity. On April 2, 2026, he was granted 61,347 restricted stock units (RSUs), each representing a right to receive one share of common stock. These RSUs vest in four installments through February 15, 2030.
On April 3, 2026 and April 4, 2026, previously granted RSUs vested and were exercised into 15,087 and 6,894 shares of common stock. To cover tax obligations, the company withheld 6,825 shares and 4,044 shares at $13.36 per share rather than selling stock in the market. Following these transactions, Richards directly owns 65,692 common shares, plus indirect holdings of 7,498 shares through a 401(k) plan and 879 shares through an IRA.
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.
NexPoint Real Estate Finance, Inc. executive Matt McGraner reported equity compensation activity involving restricted stock units and common shares. On April 2, 2026, he was granted 197,789 restricted stock units, each representing a contingent right to one share of common stock. These units vest one-fourth on April 2, 2027, and one-fourth on February 15 of 2028, 2029, and 2030, with settlement generally within 10 days of vesting and potentially in cash at the Compensation Committee’s discretion.
On April 3, 2026, 36,830 restricted stock units granted April 3, 2025 were exercised into 36,830 common shares, and on April 4, 2026, 32,010 restricted stock units granted April 4, 2023 were exercised into 32,010 common shares. To cover tax obligations, the issuer withheld 17,638 shares on April 3 and 18,776 shares on April 4 at $13.36 per share as tax-withholding dispositions, rather than open-market sales.
Following these transactions, McGraner directly owned 318,044 common shares. An additional 1,800 common shares are held indirectly through a limited liability company in which he has an indirect minority interest; he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.
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.
NexPoint Real Estate Finance director Scott F. Kavanaugh reported equity-based compensation activity. On April 2, 2026, he was granted 6,154 restricted stock units that vest on April 2, 2027, each representing a right to receive one share of common stock or, at the Compensation Committee’s discretion, cash.
On April 3, 2026, 5,518 restricted stock units granted on April 3, 2025 vested and were settled into 5,518 shares of common stock at no exercise price, increasing his direct holdings to 25,309 common shares.
NexPoint Real Estate Finance, Inc. reported insider equity awards and option-like exercises by President and director James D. Dondero, who is also a ten percent owner. On April 2, 2026, he received a grant of 197,789 restricted stock units (RSUs), each representing a right to one share of common stock. These RSUs vest in four equal installments on April 2, 2027, February 15, 2028, February 15, 2029 and February 15, 2030, with settlement generally within 10 days and potentially in cash at the Compensation Committee’s discretion.
On April 3, 2026 and April 4, 2026, Dondero exercised previously granted RSUs to acquire a total of 70,114 shares of common stock, increasing his directly held common stock to 492,250 shares. Additional common shares are reported as held indirectly through funds and trusts managed or advised by affiliated entities and through a trust and related limited liability company; Dondero may be deemed an indirect beneficial owner of those positions but expressly disclaims beneficial ownership except to the extent of his pecuniary interest.
NexPoint Real Estate Finance, Inc. director Constantino Edward N. reported compensation-related stock activity. On April 2, 2026, he received 6,154 restricted stock units, each representing a right to one share of common stock, scheduled to vest on April 2, 2027 and generally settle within 30 days, potentially in cash at the Compensation Committee’s discretion.
On April 3, 2026, 5,518 previously granted restricted stock units vested and were exercised into 5,518 shares of common stock, followed by the return of 2,759 common shares to the issuer. After these transactions, he directly held 33,898 shares of common stock.
NexPoint Real Estate Finance, Inc. disclosed an additional related-party lending step tied to its existing loan to NexPoint Storage Partners Operating Company, LLC under a promissory note allowing up to $40.0 million in borrowings.
On March 30, 2026, its operating partnership advanced an extra $6.0 million to NSP OC, bringing outstanding borrowings under the note to $22.7 million as of April 3, 2026. The note bears 14% annual interest payable in kind, is interest-only, and matures on January 16, 2031, secured by a first priority lien on specified income streams and deposit accounts.
Through a participation agreement side letter effective March 30, 2026, affiliated funds purchased portions of this Second Funding, while an insurance company and these funds have rights to participate in future advances, with the operating partnership required to fund any remaining amounts.
NexPoint Real Estate Finance, Inc., a commercial mortgage REIT, reports its 2025 operations and portfolio activity focused on senior loans, mezzanine loans, preferred equity and CMBS positions in U.S. multifamily, single-family rental, self-storage and life science sectors.
As of December 31, 2025, the company’s portfolio had an unpaid principal balance of approximately $1.5 billion, with risk metrics including a weighted average loan-to-value of 63.6%, debt service coverage of 1.24x and weighted average maturity of 3.1 years.
NexPoint Real Estate Finance, Inc. General Counsel and Secretary Dennis Charles Sauter Jr. exercised 2,917 restricted stock units, receiving an equal number of common shares at a price of $0.00 per share. After this exercise, he held 5,833 restricted stock units and 29,328 common shares before tax withholding.
To cover tax obligations, 1,161 common shares were disposed of at $13.15 per share, leaving him with 28,167 common shares held directly. These restricted stock units were part of an 11,667-unit grant that vests in four annual installments from March 13, 2025 through March 13, 2028.