Mitts Brian 4

4 · NexPoint Real Estate Finance, Inc. · Filed Apr 6, 2026

AI-generated summary of this filing

Updated Apr 7, 2026

NREF Director Brian Mitts Exercises RSUs and Sells/Settles Shares

What Happened

Brian Mitts, a director of NexPoint Real Estate Finance, had restricted stock units (RSUs) vest in early April 2026. Portions of those vested RSUs were converted/settled (derivative exercises) and settled in cash, and shares were surrendered to the issuer for tax withholding.
Key moves: 5,518 RSUs vested/converted on 2026-04-03 and 6,837 RSUs vested/converted on 2026-04-04; the filing shows 2,759 and 1,025 shares were disposed to the issuer on those dates, respectively, and 2,448 shares were withheld to cover taxes at $13.36 per share for $32,705.

Key Details

Transaction dates and counts:
- 2026-04-02: Grant of 6,154 RSUs (award; $0.00 per share) — these vest 4/2/2027 (may be cash- or stock-settled).
- 2026-04-03: 5,518 RSUs exercised/converted (derivative M); 2,759 shares disposed to issuer (D); related settlement noted as cash (per footnote).
- 2026-04-04: 6,837 RSUs exercised/converted (derivative M); 1,025 shares disposed to issuer (D); 2,448 shares withheld for tax liability (F) at $13.36 = $32,705.
Prices/values: Only the tax-withholding disposal shows a per-share figure: $13.36, total $32,705. Other RSU conversions were cash-settled (no per-share stock price reported).
Shares owned after the transactions: Not specified in the provided filing details.
Footnotes: RSUs represent a contingent right to one share each; specific grants referenced: Apr 3, 2025 (5,518 RSUs) vested 4/3/2026 and Apr 4, 2023 grant (portion of 27,349 RSUs) vested 4/4/2026. The April 2, 2026 grant (6,154 RSUs) vests 4/2/2027 and may be settled in cash at the committee’s discretion.
Filing timeliness: Filing date is 2026-04-06; no late-filing flag was indicated in the provided information.

Context

These transactions are settlements of vested RSUs (derivative awards), not open-market buys or sales by the insider. The cash settlements and share-withholding for taxes are common mechanics when RSUs vest and do not necessarily indicate a bullish or bearish signal.
Transaction codes used: A = award/grant, M = conversion/exercise of derivative (RSU vesting/settlement), D = disposition to issuer, F = shares surrendered/withheld to cover tax liability.

Form 4

Period: 2026-04-02

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-04-03+5,518→ 94,309 total
Disposition to Issuer
Common Stock
[F2]
2026-04-03−2,759→ 91,550 total
Exercise/Conversion
Common Stock
[F1]
2026-04-04+6,837→ 98,387 total
Disposition to Issuer
Common Stock
[F3]
2026-04-04−1,025→ 97,362 total
Tax Payment
Common Stock
2026-04-04$13.36/sh−2,448$32,705→ 94,914 total
Award
Restricted Stock Units
[F1][F4]
2026-04-02+6,154→ 6,154 total
→ Common Stock (6,154 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-04-03−5,518→ 0 total
→ Common Stock (5,518 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F6]
2026-04-04−6,837→ 6,838 total
→ Common Stock (6,837 underlying)

Holdings

Footnotes (6)

[F1]Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc.
[F2]Represents the portion of the previously reported restricted stock unit grant that vested on April 3, 2026 and settled in cash.
[F3]Represents the portion of the previously reported restricted stock unit grant that vested on April 4, 2026 and settled in cash.
[F4]On April 2, 2026, the reporting person was granted 6,154 restricted stock units. The restricted stock units vest on April 2, 2027. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
[F5]On April 3, 2025, the reporting person was granted 5,518 restricted stock units. The restricted stock units vested on April 3, 2026. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
[F6]On April 4, 2023, the reporting person was granted 27,349 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 Brian Mitts|2026-04-06

1 file