Mitts Brian 4

What Happened

• Brian Mitts, a director of NexPoint Real Estate Finance, converted/exercised 8,333 restricted stock units (RSUs) that vested on March 13, 2026. To cover tax and other settlement obligations, 2,004 shares were withheld (reported under code F) at $13.15/share for a cash value of $26,353, and 1,249 shares were surrendered to the issuer (reported under code D). The filings also include derivative exercise/settlement entries for the vested RSUs.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (timely).
• RSUs converted/exercised: 8,333 units.
• Shares withheld for taxes (code F): 2,004 shares at $13.15 = $26,353.
• Shares surrendered to issuer (code D): 1,249 shares (no per-share price reported).
• Net shares retained (based on reported entries): appears to be 8,333 − 2,004 − 1,249 = 5,080 shares (derived from entries; Form 4 derivative lines can make totals appear complex).
• Footnotes: Each RSU represents a right to one common share (F1). The reported shares reflect the portion of a previously granted RSU award that vested on March 13, 2026 and was partially settled in cash (F2). The original grant (33,333 RSUs) was made March 13, 2024 with vesting over four annual installments through 2028 (F3).
• No late filing was indicated; this appears to be a routine vesting/settlement, not an open-market sale.

Context

• These entries reflect vesting and settlement of RSUs and standard tax withholding (code F), not an active open-market purchase or speculative sale. For RSU conversions, it’s common for a portion of shares to be withheld or surrendered to satisfy tax liabilities or cash-settlement provisions; such transactions do not necessarily indicate a change in sentiment by the insider.