RICHARDS PAUL

PrivateCIK: 2034963
Location

DALLAS, TX

RICHARDS PAUL (See Remarks) exercised options at NEXPOINT REAL ESTATE FINANCE, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise
InsiderRICHARDS PAULCIK 2034963
Officer· See Remarks
Since Feb 2026
+5.58K
Net shares
Net buyer
$73.4K
Total acquired
0
Open market trades
0B · 0S
3
Total transactions
15.58K acquired · 10K disposed
Non-Derivative Transactions2

Common Stock

Direct
M · Option Exercise

Shares

+10K

Price / share

Trade value

% of position

19.9%
3/13/2026
50.16K60.16K

Common Stock

Direct
F · Tax Withholding

Shares

+5.58K

Price / share

$13.15

Trade value

$73.38K

% of position

11.4%
3/13/2026
49K54.58K
Total

Net shares

+15.58K

Net value

$73.38K

Derivative Transactions1

Restricted Stock Units

Direct
M · Option Exercise
Converts to

Common Stock

10K shares

Shares

10K

Strike price

Held after

20K

Exercisable

3/13/2026
Non-Derivative Holdings (Post-Transaction)2

Common Stock

Indirect
Shares owned7.50K

Common Stock

Indirect
Shares owned879.00
Total
8.38K indirect8.38K
Derivative Holdings (Post-Transaction)0
No derivative holdings reported
RICHARDS PAUL — Insider Transaction (Form 4) Filed Mar 17, 2026 | Finecho