McGraner Matt 4
4 · NexPoint Real Estate Finance, Inc. · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
NexPoint (NREF) Exec VP Matt McGraner Receives RSUs, Sells Shares
What Happened
- Matt McGraner, Executive Vice President and Chief Investment Officer of NexPoint Real Estate Finance, was granted 197,789 restricted stock units (RSUs) on April 2, 2026.
- On April 3 and April 4, 2026, conversion/exercise events occurred (36,830 and 32,010 shares respectively). To cover tax withholding, 17,638 shares (4/3) and 18,776 shares (4/4) were surrendered/sold at $13.36 per share, generating $235,644 and $250,847 respectively — $486,491 total. Transaction codes: A = award/grant; M = exercise/conversion of derivative; F = shares withheld/paid for taxes.
Key Details
- Transaction dates & prices:
- 4/2/2026: Grant of 197,789 RSUs (value recorded as $0 in Form 4; actual taxable value determined by company policy).
- 4/3/2026: Conversion/exercise of 36,830 derivative units; 17,638 shares withheld at $13.36 each ($235,644).
- 4/4/2026: Conversion/exercise of 32,010 derivative units; 18,776 shares withheld at $13.36 each ($250,847).
- Total shares withheld/sold for taxes: 36,414; total cash generated: $486,491.
- Shares owned after the transactions: Not specified in the filing excerpt — see the full Form 4 for post-transaction beneficial ownership.
- Notable footnotes:
- F1: Each RSU represents a contingent right to one common share.
- F3–F5: Vesting schedules — the April 2, 2026 RSUs vest in four equal tranches between 4/2/2027 and 2/15/2030; earlier RSU grants have staggered vesting dates.
- F2: Some shares are held by an LLC in which Mr. McGraner has an indirect minority interest; he disclaims beneficial ownership except to the extent of pecuniary interest.
- Filing timeliness: Form 4 was filed on 2026-04-06 covering transactions through 4/04/2026; the filing appears to have been submitted promptly.
Context
- These transactions are primarily a compensation event (new RSU grant) and related conversion/settlement activity, not open-market purchases. The F-code disposals reflect shares withheld or surrendered to cover tax obligations (common with RSU vesting), not a discretionary sale signaling sentiment.
- The RSUs may be settled in shares or, at the Compensation Committee’s discretion, in cash; vesting schedules mean most of the grant remains subject to future service-based vesting.
Insider Transaction Report
Form 4
McGraner Matt
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-04-03+36,830→ 322,448 total - Tax Payment
Common Stock
2026-04-03$13.36/sh−17,638$235,644→ 304,810 total - Exercise/Conversion
Common Stock
[F1]2026-04-04+32,010→ 336,820 total - Tax Payment
Common Stock
2026-04-04$13.36/sh−18,776$250,847→ 318,044 total - Award
Restricted Stock Units
[F1][F3]2026-04-02+197,789→ 197,789 total→ Common Stock (197,789 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-04-03−36,830→ 73,660 total→ Common Stock (36,830 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-04-04−32,010→ 32,011 total→ Common Stock (32,010 underlying)
Holdings
- 1,800(indirect: See Footnote)
Common Stock
[F2]
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc.
- [F2]These shares are held by a limited liability company in which Mr. McGraner owns an indirect minority interest. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F3]On April 2, 2026, the reporting person was granted 197,789 restricted stock units. The restricted stock units vest one-fourth on April 2, 2027, one-fourth on February 15, 2028, one-fourth on February 15, 2029 and one-fourth on February 15, 2030. Settlement will generally occur within 10 days of vesting and may at the discretion of Compensation Committee be settled in cash.
- [F4]On April 3, 2025, the reporting person was granted 147,319 restricted stock units. The restricted stock units vested one-fourth on April 3, 2026 and will vest one-fourth on February 15, 2027, one-fourth on February 15, 2028 and one-fourth on February 15, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
- [F5]On April 4, 2023, the reporting person was granted 128,041 restricted stock units. The restricted stock units vested one-fourth on April 4, 2024, one-fourth on April 4, 2025 and one-fourth on April 4, 2026 and will vest one-fourth on April 4, 2027. 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 Matt McGraner|2026-04-06