Constantino Edward N. 4

What Happened

• Edward N. Constantino, a director of NexPoint Residential Trust, had 3,429 restricted stock units (RSUs) vest on May 22, 2026. The Form 4 reports the conversion/exercise of 3,429 RSUs and a disposition of 1,714 shares to the issuer. The filing notes the vested award was settled in cash (no sale proceeds are reported for the converted RSUs).

Key Details

• Transaction date: May 22, 2026; Form 4 filed May 27, 2026.
• RSUs converted/exercised: 3,429 units (reported as derivative exercise/conversion, code M).
• Shares disposed to issuer: 1,714 shares (reported as disposition to issuer, code D).
• Reported price: $0.00 for the derivative entry (consistent with cash/net settlement); no cash sale proceeds reported.
• Footnotes: The RSUs were originally granted on May 22, 2025 and vested on May 22, 2026. Footnote states the vested portion was settled in cash and settlement may occur within 30 days; each RSU represents one share if settled in stock.
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing date is May 27, 2026 for May 22 transactions (file was submitted five days after the transaction date).

Context

• This appears to be a routine compensation event (RSU vesting) rather than an open-market purchase or a discretionary sale by the director. The $0.00/zero-price and the footnote that settlement was in cash indicate a cash or net settlement rather than a public stock sale. Dispositions to the issuer in this context commonly reflect shares surrendered for withholding or net settlement; the filing does not report a market sale.