X0306 4 2019-07-23 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 2019-07-23 4 S 0 250000 41.19 D 2539105.31 I By Highland Capital Management, L.P. Common Stock 2019-07-23 4 P 0 250000 41.19 A 2539105.31 I By Highland Capital Management, L.P. Common Stock 2019-07-23 4 S 0 250000 41.19 D 2289105.31 I By Highland Capital Management, L.P. Common Stock 2019-07-23 4 P 0 250000 41.19 A 2031609 I By trust Common Stock 143330 I By NexPoint Advisors, L.P. Common Stock 120104 I By Highland Capital Management Fund Advisors, L.P. Common Stock 16986 I By limited liability company Common Stock 25035.37 I By employee benefit plan Common Stock 93522.98 D The deemed purchases and sales of shares of NexPoint Residential Trust, Inc. ("NXRT") were the result of an in-kind contribution of NXRT shares between Highland Capital Management, L.P. ("HCMLP") and its 99% owned advised account and a subsequent disposition of such shares to a trust, the beneficiary of which is Mr. Dondero. All shares were transferred based on the market value of the shares at the close of market on the date of the transaction and the transactions occurred simultaneously. These shares are held by 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. Includes shares acquired under the issuer's dividend reinvestment plan. These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares. 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 4 to this Form 4 owns a majority interest. Mr. Dondero disclaims beneficial ownership of such shares. /s/ James Dondero 2019-07-24