X0306 4 2021-06-15 0 0001710680 HIGHLAND INCOME FUND\MA HFRO 0001723097 WATERHOUSE FRANK GEORGE 2515 MCKINNEY AVENUE, SUITE 1100 DALLAS TX 75201 0 1 0 0 See Remarks Contingent Bonus Award 2021-06-15 4 J 0 12522.769 0.00 A Common Stock 12522.769 12522.769 D The Contingent Bonus Award is granted by Skyview Group, Inc. ("Skyview") to the Reporting Person for service as an employee of Skyview. 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, 2024. These awards will terminate if the Reporting Person's employment with Skyview is terminated s/ Frank Waterhouse 2021-06-17