NexPoint Residential director reports RSU vesting

NexPoint Residential Trust, Inc. director Carol Swain reported compensation-related equity activity.

Rhea-AI Filing Summary

NexPoint Residential Trust, Inc. director Carol Swain reported compensation-related equity activity. On May 22, 2026, 3,429 previously granted restricted stock units vested, with settlement generally occurring in cash at the Compensation Committee’s discretion. Related entries show an exercise of 3,429 units into common stock and a disposition of 1,714 common shares back to the issuer. After these movements, Swain directly owns 8,626 shares of common stock, reflecting a routine adjustment to her equity compensation holdings rather than an open‑market trade.

Insider Trade Summary

3,429 shares exercised/converted

Exercise 3 txns

Insider Swain Carol

Role Director

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

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 8,626 shares (Direct)

Footnotes (3)

1. F1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
2. F2. Represents the portion of the previously reported restricted stock unit grant that vested on May 22, 2026 and settled in cash.
3. F3. 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

Shares disposed to issuer: 1,714 shares RSUs exercised/converted: 3,429 units Common shares after disposition: 8,626 shares +4 more

7 metrics

Shares disposed to issuer 1,714 shares Disposition to issuer on May 22, 2026 (Code D)

RSUs exercised/converted 3,429 units Restricted stock units exercised on May 22, 2026 (Code M)

Common shares after disposition 8,626 shares Direct ownership after 1,714-share disposition

Common shares after RSU exercise 10,340 shares Direct ownership immediately after 3,429-share exercise

RSU grant size 3,429 units Restricted stock units granted on May 22, 2025

Exercise transactions 1 transaction Exercise or conversion of derivative security (Code M)

Net buy/sell shares 0 shares Transaction summary net buy/sell direction neutral

Key Terms

restricted stock unit, Disposition to issuer, derivative security, contingent right, +1 more

5 terms

restricted stock unit financial

"Each restricted stock unit represents a contingent right to receive one share of common stock"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Disposition to issuer financial

"transaction_code_description: Disposition to issuer"

derivative security financial

"transaction_code_description: 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.

contingent right financial

"represents a contingent right to receive one share of common stock"

settled in cash financial

"vested on May 22, 2026 and settled in cash"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did NexPoint Residential Trust (NXRT) report for Carol Swain?

NexPoint Residential Trust director Carol Swain reported derivative-related equity compensation activity, including 3,429 restricted stock units vesting and related share movements, plus a 1,714-share disposition back to the issuer, leaving her with 8,626 directly owned common shares after the transactions.

How many NexPoint Residential Trust (NXRT) shares does Carol Swain hold after the Form 4?

Following the reported transactions, director Carol Swain directly holds 8,626 shares of NexPoint Residential Trust common stock. This reflects the net result of derivative exercises tied to restricted stock units and a 1,714-share disposition back to the company on May 22, 2026.

What restricted stock unit activity did NXRT disclose for Carol Swain?

The filing shows 3,429 restricted stock units granted to Carol Swain on May 22, 2025 vested on May 22, 2026. Each unit represents a contingent right to one NexPoint Residential Trust common share, and settlement generally occurs within 30 days and may be settled in cash at the committee’s discretion.

Was Carol Swain’s NexPoint Residential (NXRT) Form 4 an open-market stock sale?

No, the Form 4 describes compensation-related movements, including the vesting and exercise of 3,429 restricted stock units and a 1,714-share disposition to the issuer. The filing does not report any open-market purchases or sales, and settlement of vested units may occur in cash rather than shares.

What does the 1,714-share disposition in the NXRT Form 4 represent?

The Form 4 classifies the 1,714-share movement as a “Disposition to issuer.” This means those NexPoint Residential Trust common shares were returned to the company rather than sold on the open market, as part of routine adjustments linked to Carol Swain’s equity compensation activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/27/2026 - 09:52 PM EDT Learn about SEC filing dates

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^*

Swain Carol

(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)	10,340	D
Common Stock	05/22/2026		D		1,714	D	(2)	8,626	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 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 Carol Swain	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)