KAVANAUGH SCOTT F 4

What Happened

• Scott F. Kavanaugh, a director of NexPoint Residential Trust, had 3,429 restricted stock units (RSUs) vest on May 22, 2026. The filing reports an exercise/conversion of 3,429 derivative units into 3,429 shares and a simultaneous disposition of 3,429 shares at $0.00.
• No cash value is reported for the disposition (listed as $0.00), so this was not an open-market sale. This is not a purchase; it reflects vesting/settlement of an award rather than a bullish buy.

Key Details

• Transaction date: May 22, 2026. Filing date: May 27, 2026 (filed 5 days after the transaction; appears to be one business day late relative to the typical two-business-day Form 4 deadline).
• Shares acquired via conversion: 3,429. Shares disposed: 3,429 at $0.00.
• Shares owned after the transaction: Not disclosed in the filing.
• Footnotes:
  • F1: Each restricted stock unit represents a contingent right to receive one share of common stock.
  • F2: The RSUs were granted May 22, 2025, vested May 22, 2026; settlement generally occurs within 30 days of vesting and may, at the Compensation Committee’s discretion, be settled in cash.
• The $0.00 disposition line typically indicates shares were withheld or surrendered to satisfy tax withholding or related settlement requirements (the filing does not explicitly state withholding).

Context

• This filing documents award vesting/settlement (not a market buy or sale). For RSU vesting, it’s common for companies to withhold some or all shares to cover taxes or to settle in cash per plan rules.
• No 10b5-1 plan, open-market sale, or other trading plan is noted in the filing.