X0306 4 2018-08-11 0 0001620393 NexPoint Residential Trust, Inc. NXRT 0001228922 DONDERO JAMES D 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 1 1 0 President Common Stock 2018-08-11 4 M 0 12761 A 62428.07 D Common Stock 2493210.58 I By Highland Capital Management, L.P. Common Stock 21231 I By NexPoint Advisors, L.P. Common Stock 1744420.02 I By trust Common Stock 7500 I By limited liability company Common Stock 23057.57 I By employee benefit plan Common Stock 56551 I By Highland Capital Management Fund Advisors, L.P. Restricted Stock Units 2018-08-11 4 M 0 12761 0.00 D Common Stock 12761 12761 D Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc. On August 11, 2016, the reporting person was granted 51,046 restricted stock units which vested 50% on August 11, 2017 and 25% on August 11, 2018 and will vest 25% on August 11, 2019. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash. These shares are held by Highland Capital Management, L.P. ("HCMLP") both directly and indirectly through advised accounts. Mr. Dondero is the President and the director of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These shares are held by NexPoint Advisors, L.P. ("NP") indirectly through an advised account. Mr. Dondero is the sole member of NP's general partner, and may be deemed to be an indirect beneficial owner of shares held by NP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares. Includes shares acquired through reinvestment of dividends. These shares are held by a limited liability company in which the trust referenced in footnote 5 to this Form 4 owns a majority interest. Mr. Dondero disclaims beneficial ownership of such shares. These shares are held by Highland Capital Management Fund Advisors, L.P. ("HCMFA") indirectly through an advised account. Mr. Dondero is the sole stockholder and director of Strand Advisors XVI, Inc., HCMFA's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMFA. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. /s/ Brian Mitts, as attorney-in-fact 2018-08-14