X0306 4 2022-06-02 0001663712 NEXPOINT REAL ESTATE STRATEGIES FUND NRSAX 0001617176 NORRIS DUSTIN DAVID 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 Executive Vice President Contingent Bonus Award 2022-06-02 4 A 0 21691.97 A Common Stock 21691.97 21691.97 D Each share of the contingent bonus award is the economic equivalent of one share of the Issuer's common stock. The Contingent Bonus Award is granted by NexPoint Advisors, L.P. ("NexPoint") to the Reporting Person for service as an employee of NexPoint. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on May 31, 2025. These awards will terminate if the Reporting Person's employment with NexPoint is terminated. /s/ Dustin Norris 2022-06-30