X0508 4 2025-03-13 0001786248 NexPoint Real Estate Finance, Inc. NREF 0001218975 KAVANAUGH SCOTT F 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 0 Common Stock 2025-03-13 4 M 0 4530 A 19791 D Restricted Stock Units 2025-03-13 4 M 0 4530 0 D Common Stock 4530 0 D Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc. On March 13, 2024, the reporting person was granted 4,530 restricted stock units. The restricted stock units vested on March 13, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash. /s/ Matt McGraner, as attorney-in-fact for Scott Kavanaugh 2025-03-17