X0306 4 2019-03-16 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 2019-03-16 4 M 0 17820 A 92107.82 D Common Stock 2526337.42 I By Highland Capital Management, L.P. Common Stock 142177 I By NexPoint Advisors, L.P. Common Stock 118483 I By Highland Capital Management Fund Advisors, L.P. Common Stock 16986 I By limited liability company Common Stock 24498.78 I By employee benefit plan Common Stock 1759118 I By trust Restricted Stock Units 2019-03-16 4 M 0 17820 0.00 D Common Stock 17820 17821 D Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc. 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 advised accounts. 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 Highland Capital Management Fund Advisors, L.P. ("HCMFA") indirectly through advised accounts. 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. These shares are held by a limited liability company in which the trust referenced in footnote 6 to this Form 4 owns a majority interest. Mr. Dondero disclaims beneficial ownership of such shares. These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares. On March 16, 2017, the reporting person was granted 53,461 restricted stock units which vested one-third on March 16, 2018 and one-third on March 16, 2019, and will vest one-third on March 16, 2020. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash. /s/ Brian Mitts, attorney-in-fact 2019-03-19