X0306 4 2022-02-21 0001786248 NexPoint Real Estate Finance, Inc. NREF 0001218975 KAVANAUGH SCOTT F 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 Common Stock 2022-02-22 4 M 0 2958 A 7871 D Restricted Stock Units 2022-02-21 4 A 0 3116 0 A Common Stock 3116 3116 D Restricted Stock Units 2022-02-22 4 M 0 2958 0 D Common Stock 2958 0 D Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc. On February 21, 2022, the reporting person was granted 3,116 restricted stock units which will vest on February 21, 2023. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash. On February 22, 2021, the reporting person was granted 2,958 restricted stock units which vested on February 22, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash. /s/ Brian Mitts, as attorney-in-fact for Scott Kavanaugh 2022-02-23