LAFFER ARTHUR B 4

What Happened

• Arthur B. Laffer, a director of NexPoint Real Estate Finance, Inc. (NREF), received a grant of 6,154 restricted stock units (RSUs) on April 2, 2026 and converted/exercised 5,518 RSUs into common shares on April 3, 2026. The grant is reported at $0.00 (derivative award); the conversion/settlement shows 5,518 shares acquired with no cash price reported. These transactions are awards/conversions, not open-market purchases or sales.

Key Details

• Transaction dates: RSU grant on 2026-04-02; conversion/settlement of 5,518 RSUs on 2026-04-03.
• Prices/values: Grant reported at $0.00 (value $0 for the derivative award); conversion shows shares acquired with no purchase price or cash consideration reported.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Each RSU represents a contingent right to one share of common stock.
  • F2: The 6,154 RSUs granted 4/2/2026 vest on 4/2/2027; settlement typically within 30 days of vesting and may be settled in cash at the Compensation Committee's discretion.
  • F3: The 5,518 RSUs were granted 4/3/2025, vested 4/3/2026, and were converted/settled on 4/3/2026.
• Filing timeliness: Report filed 2026-04-06 for transactions on 2026-04-02 and 04-03; the filing does not indicate a late report.

Context

• RSU grants and subsequent conversions are compensation events (not market buys or sales). The converted RSUs reflect equity compensation vesting; settlement may be in shares or, at the committee’s option, in cash. These events don't necessarily signal insider buying or selling intent.