X0306 4 2020-05-08 0 0001786248 NexPoint Real Estate Finance, Inc. NREF 0001090307 LAFFER ARTHUR B 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 0 0 0 Restricted Stock Units 2020-05-08 4 A 0 4913 0.00 A Common Stock 4913 4913 D Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc. The restricted stock units vest on May 8, 2021. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash. /s/ Lauren Thedford, as attorney-in-fact 2020-05-11