Sauter Dennis Charles Jr 4

4 · NexPoint Residential Trust, Inc. · Filed Mar 31, 2026

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Updated Apr 1, 2026

NexPoint (NXRT) General Counsel Dennis Sauter Converts 2,073 RSUs

What Happened

Dennis Charles Sauter Jr., General Counsel and Secretary of NexPoint Residential Trust, had 2,073 restricted stock units (RSUs) convert on March 28, 2026. The RSUs converted at an effective exercise/conversion price of $0.00. To cover tax withholding, 654 of the resulting shares were surrendered at $24.60 per share for a withholding value of $16,088, leaving 1,419 net shares issued to him.

Key Details

Transaction date: 2026-03-28; Form 4 filed 2026-03-31 (timely).
Actions reported:
- M (exercise/conversion): 2,073 RSUs converted to shares (acquired).
- F (tax withholding): 654 shares surrendered at $24.60 per share = $16,088 (disposed).
- M (derivative disposition): 2,073 reported as converted/terminated as part of the RSU settlement.
Net shares received by Sauter (after withholding): 1,419 shares.
Footnotes:
- F1: Each RSU represents a contingent right to one share.
- F2: These RSUs were from a 3/28/2023 grant that vests in fifths from 2024–2028; settlement generally occurs within 10 days and may be cash at the Compensation Committee’s discretion.
Filing shows standard vesting/tax withholding, not an open-market purchase or sale.

Context

This was a vesting/settlement of RSUs, not a market purchase or discretionary sale. The $0.00 exercise price reflects typical RSU conversion (no cash exercise required), and the surrender of shares for taxes is a routine cashless withholding method.
Such vesting items indicate compensation realization rather than a trading decision; they do not by themselves signal bullish or bearish insider sentiment.

Form 4

Period: 2026-03-28

See Remarks

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-28+2,073→ 22,473 total
Tax Payment
Common Stock
2026-03-28$24.60/sh−654$16,088→ 21,819 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-03-28−2,073→ 4,144 total
→ Common Stock (2,073 underlying)

Footnotes (2)

[F1]Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
[F2]On March 28, 2023, the reporting person was granted 10,363 restricted stock units which vested one-fifth on March 28, 2024, one-fifth on March 28, 2025 and one-fifth on March 28, 2026, and which will vest one-fifth on March 28, 2027 and one-fifth on March 28, 2028. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Signature

/s/ Paul Richards, as attorney-in-fact for D.C. Sauter|2026-03-31

1 file