NXRT officer exercises RSUs, covers tax with shares

NexPoint Residential Trust, Inc. officer Paul Richards exercised 1,416 restricted stock units into common shares on March 13, 2026.

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Rhea-AI Filing Summary

NexPoint Residential Trust, Inc. officer Paul Richards exercised 1,416 restricted stock units into common shares on March 13, 2026. These units are part of a 7,080-unit grant from March 13, 2024 that vests in five equal annual installments through March 13, 2029.

To cover tax obligations, 743 common shares were withheld at $25.73 per share rather than sold on the open market. After these transactions, Richards holds 28,859 common shares directly and 3,788 shares indirectly through a 401(k) plan.

Insider Trade Summary

1,416 shares exercised/converted

Exercise 4 txns

Insider Richards Paul

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,416	$0.00	$0.00
Exercise	Common Stock	1,416	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	743	$25.73	$19K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 4,248 contracts (Direct); Common Stock — 28,859 shares (Direct); Common Stock — 3,788 shares (Indirect, By 401(k) plan.)

Footnotes (2)

F1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
F2. On March 13, 2024, the reporting person was granted 7,080 restricted stock units which vested one-fifth on March 13, 2025 and one-fifth on March 13, 2026, and which will vest one-fifth on March 13, 2027, one-fifth on March 13, 2028, and one-fifth on March 13, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

FAQ

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What insider transaction did NexPoint Residential Trust (NXRT) report for Paul Richards?

Paul Richards exercised 1,416 restricted stock units into common stock and had 743 shares withheld to cover taxes. The transaction reflects scheduled vesting from a prior RSU grant, not an open-market purchase or sale of NexPoint Residential Trust shares.

How many NexPoint Residential Trust (NXRT) shares does Paul Richards own after this Form 4?

After the reported transactions, Paul Richards directly owns 28,859 shares of NexPoint Residential Trust common stock and indirectly holds 3,788 shares through a 401(k) plan. These figures show his continuing equity stake following the RSU vesting and tax withholding.

What is the vesting schedule of Paul Richards’ NexPoint Residential Trust (NXRT) RSU grant?

On March 13, 2024, Paul Richards received 7,080 restricted stock units that vest in five equal one-fifth installments on March 13 of 2025, 2026, 2027, 2028, and 2029. Settlement generally occurs within 10 days of each vesting date.

Was there an open-market sale of NexPoint Residential Trust (NXRT) shares in this Form 4?

No open-market sale was reported. The 743 NexPoint Residential Trust common shares were disposed of under code F, meaning they were withheld to pay taxes on the RSU vesting, not sold in the market for investment or trading purposes.

At what price were NexPoint Residential Trust (NXRT) shares used for tax withholding valued?

The 743 NexPoint Residential Trust common shares withheld for taxes were valued at $25.73 per share. This tax-withholding disposition settles the tax liability associated with the March 13, 2026 vesting of restricted stock units granted in March 2024.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/17/2026 - 09:04 PM EDT

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^*

Richards Paul

(Last)

(First)

(Middle)

300 CRESCENT COURT

SUITE 700

(Street)

DALLAS

75201

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NexPoint Residential Trust, Inc. [ NXRT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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)
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	03/13/2026		M		1,416	A	⁽¹⁾	29,602	D
Common Stock	03/13/2026		F		743	D	$25.73	28,859	D
Common Stock								3,788	I	By 401(k) plan.

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⁾	03/13/2026		M			1,416	⁽²⁾	⁽²⁾	Common Stock	1,416	$0	4,248	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

2. On March 13, 2024, the reporting person was granted 7,080 restricted stock units which vested one-fifth on March 13, 2025 and one-fifth on March 13, 2026, and which will vest one-fifth on March 13, 2027, one-fifth on March 13, 2028, and one-fifth on March 13, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Remarks:

Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary

	/s/ Paul Richards	03/17/2026
	** 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.

Source: View Original Filing on SEC EDGAR