NexPoint Residential (NYSE: NXRT) director’s RSUs vest, shares returned to issuer

Rhea-AI Filing Summary

NexPoint Residential Trust director Edward N. Constantino reported compensation-related equity movements rather than open-market trading. On May 22, 2026, he exercised 3,429 restricted stock units, each representing a right to receive one share of common stock. Footnotes explain this RSU grant was awarded on May 22, 2025, vested on May 22, 2026, and that the vested portion was settled in cash at the Compensation Committee’s discretion.

On the same date, a Form 4 entry shows an exercise or conversion into 3,429 shares of common stock and a separate disposition of 1,714 common shares back to the issuer coded as a “Disposition to issuer,” both at a reported price of $0.00 per share. After these transactions, Constantino directly owned 49,756 common shares, up from 48,042 shares, indicating a net increase of 1,714 shares from this sequence.

Insights

Equity compensation analyst

Routine RSU vesting and share return to issuer, with a modest net increase in holdings.

The filing shows Edward N. Constantino, a director of NexPoint Residential Trust, completing an equity-compensation cycle. A prior grant of 3,429 restricted stock units vested on May 22, 2026. Each RSU represented a contingent right to one share of common stock.

Footnotes state this vested portion was settled in cash at the Compensation Committee’s discretion, which is a standard feature in many RSU plans. Concurrently, the Form 4 lists an exercise/conversion of 3,429 common shares and a separate disposition of 1,714 shares to the issuer at $0.00 per share, indicating a non-market transaction with the company.

After these entries, Constantino’s direct ownership rose from 48,042 to 49,756 common shares, a net gain of 1,714 shares. There are no remaining derivative holdings shown, and no open‑market buys or sells were reported, so this appears to be routine compensation administration rather than a directional bet on the stock.

Insider Trade Summary

3,429 shares exercised/converted

Mixed 3 txns

Insider Constantino Edward N.

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,429	$0.00	--
Exercise	Common Stock	3,429	$0.00	--
Disposition	Common Stock	1,714	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 49,756 shares (Direct, null)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc. Represents the portion of previously reported restricted stock unit grant that vested on May 22, 2026 and settled in cash. On May 22, 2025, the reporting person was granted 3,429 restricted stock units which vested on May 22, 2026. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Constantino Edward N.

(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 Residential Trust, Inc. [ NXRT ]

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)
05/22/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/22/2026		M		3,429	A	(1)	49,756	D
Common Stock	05/22/2026		D		1,714	D	(2)	48,042	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	05/22/2026		M			3,429	(3)	(3)	Common Stock	3,429	$0	0	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. Represents the portion of previously reported restricted stock unit grant that vested on May 22, 2026 and settled in cash.

3. On May 22, 2025, the reporting person was granted 3,429 restricted stock units which vested on May 22, 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 Edward Constantino	05/27/2026
	** 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.
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* Form 4: SEC 1474 (03-26)