NexPoint Residential (NYSE: NXRT) officer exercises 22,350 RSUs and withholds 9,837 shares for taxes

Rhea-AI Filing Summary

NexPoint Residential Trust executive Matt McGraner exercised equity awards and covered related taxes. On March 13, 2026, he converted 22,350 restricted stock units into the same number of common shares at $0 per unit. Of these, 9,837 shares were withheld at $25.73 per share to satisfy tax obligations.

After these transactions, he directly held 329,334 common shares and 67,050 restricted stock units. He also had indirect interests in 13,053.94 shares via a 401(k) plan, 16,986 shares through a limited liability company, and 108,630.25 shares held in a trust, while disclaiming beneficial ownership beyond his pecuniary interest in the entity and trust holdings.

Insights

Equity compensation and governance analyst

Routine RSU vesting with tax withholding; no open-market trades.

This Form 4 shows Matt McGraner converting 22,350 restricted stock units into common stock of NexPoint Residential Trust. The award stems from a grant of 111,752 RSUs on March 13, 2024, vesting in five equal annual installments through March 13, 2029.

To cover taxes on vesting, 9,837 shares were withheld at $25.73 per share, which is a standard non-market disposition. Following the transactions, he holds 329,334 shares directly plus additional indirect interests via a 401(k), an LLC, and a trust, with explicit disclaimers limiting beneficial ownership to his pecuniary interest in the LLC and trust positions.

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^*

McGraner Matt

(Last) (First) (Middle)

300 CRESCENT COURT

SUITE 700

(Street)

DALLAS TX 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/13/2026		M		22,350	A	(1)	339,171	D
Common Stock	03/13/2026		F		9,837	D	$25.73	329,334	D
Common Stock								13,053.94	I	By 401(k) plan
Common Stock								16,986(2)	I	By limited liability company
Common Stock								108,630.25(3)	I	By Trust

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
Restricted Stock Units	(1)	03/13/2026		M			22,350	(4)	(4)	Common Stock	22,350	$0	67,050	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. These shares are held by a limited liability company in which Mr. McGraner owns an indirect minority interest. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

3. These shares are held in a trust. Mr. McGraner is the trustee of the trust. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

4. On March 13, 2024, the reporting person was granted 111,752 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:

Executive VP and Chief Investment Officer

	/s/ Paul Richards as attorney-in-fact for Matthew R. McGraner	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Matt McGraner report for NexPoint Residential Trust (NXRT)?

McGraner reported exercising 22,350 restricted stock units into common shares on March 13, 2026. The transaction reflects scheduled equity compensation vesting, with no open-market purchase or sale activity disclosed in this filing for those shares.

How many NexPoint Residential Trust (NXRT) shares were withheld for taxes in this Form 4?

A total of 9,837 common shares were withheld to satisfy tax obligations. The withholding occurred at a price of $25.73 per share, following the conversion of 22,350 restricted stock units into common stock on March 13, 2026.

What are Matt McGraner’s direct NexPoint Residential Trust (NXRT) holdings after this transaction?

After the reported transactions, McGraner directly held 329,334 shares of NexPoint Residential Trust common stock. He also held 67,050 restricted stock units, which represent contingent rights to receive an equal number of common shares upon future vesting events.

Does this NexPoint Residential Trust (NXRT) Form 4 show any open-market stock sales by Matt McGraner?

The Form 4 does not show any open-market sales. It reports an RSU conversion and a tax-withholding disposition, where 9,837 shares were delivered to cover taxes, which is treated differently from discretionary market sales.

What indirect NexPoint Residential Trust (NXRT) holdings are associated with Matt McGraner?

McGraner has indirect interests in 13,053.94 shares via a 401(k) plan, 16,986 shares through a limited liability company, and 108,630.25 shares held in a trust. He disclaims beneficial ownership of the LLC and trust shares beyond his pecuniary interest.

What are the vesting terms of Matt McGraner’s NexPoint Residential Trust (NXRT) RSU grant?

He received 111,752 restricted stock units on March 13, 2024. The units vest in five equal one-fifth installments each March 13 from 2025 through 2029, with settlement generally occurring within ten days and potentially in cash at the Compensation Committee’s discretion.