X0306 4 2020-03-23 0 0001620393 NexPoint Residential Trust, Inc. NXRT 0001636187 McGraner Matt 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 0 1 0 0 See Remarks Common Stock 2020-03-23 4 S 0 8376 23.00 D 83180 D Common Stock 2020-03-23 4 S 0 1209 23.66 D 81971 D Common Stock 11121.24 I By 401(k) plan Common Stock 16986 I By limited liability company Common Stock 108630 I By Trust Common Stock 411.63 I By dividend reinvestment plan The sales reported herein were for cash management in a collateral account. Such sales do not reflect the Reporting Person's long-term view of the investment. As of the date of this filing, the Reporting Person disputes the propriety of the sales reported herein. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.52 to $23.51, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.52 to $23.73, inclusive. These shares are held by a limited liability company in which Mr. McGraner owns an indirect minority interest. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These shares are held in a trust. Mr. McGraner is the trustee of the Trust. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Executive VP and Chief Investment Officer /s/ Brian Mitts, as attorney-in-fact 2020-03-25