What does the 1,714-share disposition to NexPoint Residential Trust mean in Mitts’ Form 4?

The 1,714-share disposition reflects shares returned to the issuer as part of settling a previously reported restricted stock unit grant in cash. It represents administrative settlement of compensation rather than an open-market sale to other investors or a change in trading strategy.

Director Mitts (NYSE: NXRT) exercises 3,429 RSUs, returns shares to issuer

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

NexPoint Residential Trust, Inc. director Brian Mitts reported compensation-related equity activity involving restricted stock units and common stock. On May 22, 2026, he exercised 3,429 restricted stock units, each representing the right to receive one share of common stock. These units were originally granted on May 22, 2025 and vested one year later. The filing also shows a disposition of 1,714 common shares to the issuer, reflecting that a portion of the vested award was settled in cash at the company’s election. The remaining vested units converted into common stock, leaving Mitts with a continued direct ownership stake. Overall, the transactions reflect routine equity compensation vesting and settlement rather than open-market buying or selling.

Insider Trade Summary

3,429 shares exercised/converted

Mixed 3 txns

Insider Mitts Brian

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 — 62,003 shares (Direct, null)

Footnotes (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 the 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.

Key Figures

RSUs exercised: 3,429 units Issuer disposition: 1,714 shares Exercise price: $0.00 per unit +1 more

4 metrics

RSUs exercised 3,429 units Restricted stock units vested and exercisable on May 22, 2026

Issuer disposition 1,714 shares Common Stock returned to issuer in connection with cash settlement

Exercise price $0.00 per unit Conversion or exercise price for restricted stock units

Exercise transactions 1 transaction, 3,429 shares Aggregate derivative exercise activity in this Form 4

Key Terms

Restricted Stock Units, Disposition to issuer, derivative security, vested, +1 more

5 terms

Restricted Stock Units financial

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

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.

Disposition to issuer financial

"Transaction code D is described as a Disposition to issuer."

derivative security financial

"The M code is described as Exercise or conversion of derivative security."

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vested financial

"Represents the portion of the previously reported restricted stock unit grant that vested on May 22, 2026 and settled in cash."

settled in cash financial

"Represents the portion of the previously reported restricted stock unit grant that vested on May 22, 2026 and settled in cash."

Form 4 Insider Transactions: What Each Field Means →

05/27/2026 - 09:50 PM

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^*

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 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)
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	05/22/2026		M		3,429	A	⁽¹⁾	62,003	D
Common Stock	05/22/2026		D		1,714	D	⁽²⁾	60,289	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)
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⁾	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 the 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 Brian Mitts	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.
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did NexPoint Residential Trust (NXRT) director Brian Mitts report?

Brian Mitts reported the vesting and exercise of 3,429 restricted stock units and a related disposition of 1,714 common shares back to the issuer, reflecting routine settlement of an equity compensation award rather than an open-market purchase or sale.

How many restricted stock units vested for NXRT director Brian Mitts and when?

Brian Mitts had 3,429 restricted stock units vest on May 22, 2026. These units were granted on May 22, 2025 and represented a contingent right to receive one share of NexPoint Residential Trust common stock for each vested unit.

Were NexPoint Residential Trust (NXRT) restricted stock units for Brian Mitts settled in stock or cash?

The filing indicates the award could be settled in cash at the Compensation Committee’s discretion, and states that a portion of the vested restricted stock unit grant was settled in cash, which is reported as a disposition of 1,714 shares back to the issuer.

Is Brian Mitts’ Form 4 for NXRT a routine equity compensation event?

Yes. The Form 4 describes vesting and exercise of a 3,429-unit restricted stock grant and a related issuer disposition, which are typical for equity compensation. There are no open-market purchases or sales reported, suggesting routine administrative activity rather than a strategic trade.