Sauter Dennis Charles Jr 4

What Happened

• Dennis C. Sauter Jr., General Counsel and Secretary of NexPoint Residential Trust, had restricted stock units (RSUs) vest on Feb 17–18, 2026. A total of 2,431 RSUs converted into common shares (995 on Feb 17 and 1,436 on Feb 18).
• To cover tax withholding, 366 shares were surrendered/disposed on Feb 17 at $29.46 for $10,782 and 549 shares were surrendered/disposed on Feb 18 at $29.93 for $16,432 — $27,214 total withheld. After withholding, Sauter netted 1,516 shares.
• This is a vesting/settlement of awards (routine, not an open-market purchase or voluntary sale).

Key Details

• Transaction dates: Feb 17, 2026 (995 RSUs vested; 366 shares withheld at $29.46) and Feb 18, 2026 (1,436 RSUs vested; 549 shares withheld at $29.93).
• Reported on Form 4 filed Feb 19, 2026 — filing appears timely.
• Transaction codes: M = conversion/exercise of derivative (RSU -> shares); F = shares withheld/sold to pay taxes.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs referenced were grants from Feb 17, 2022 (4,974 RSUs, 1/5 vesting annually) and Feb 18, 2021 (7,180 RSUs, 1/5 vesting annually). Settlement generally occurs within 10 days of vesting and may be settled in cash at the Compensation Committee’s discretion.

Context

• These entries reflect RSU vesting and routine tax-withholding (a cashless settlement), not an intentional open-market sale or purchase decision. Such withholding is common when awards vest and does not by itself indicate the insider’s view on the stock.