NXRT NexPoint Residential Trust, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q3 2024: $0M, Q3 2025: $0M, Q3 2022: $6M, Q3 2023: $6M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $4M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $12M / FCF $20M = 59% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 238,040 shares = 1.9% of 25,364,470 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

11 open-market purchases by 2 insiders

• McGraner Matt (See Remarks) bought 2,000 shares at $24.37 on 2026-03-20
• Richards Paul (See Remarks) bought 200 shares at $24.11 on 2026-03-20
• Richards Paul (See Remarks) bought 1,500 shares at $24.81 on 2026-03-19
• McGraner Matt (See Remarks) bought 1,000 shares at $26.14 on 2026-03-11
• Richards Paul (See Remarks) bought 2,000 shares at $26.34 on 2026-03-09
• McGraner Matt (See Remarks) bought 1,000 shares at $26.39 on 2026-03-09
• Richards Paul (See Remarks) bought 1,000 shares at $27.33 on 2026-03-06
• McGraner Matt (See Remarks) bought 1,000 shares at $27.36 on 2026-03-06
• McGraner Matt (See Remarks) bought 1,000 shares at $27.79 on 2026-03-05
• Richards Paul (See Remarks) bought 5,000 shares at $32.92 on 2025-06-25

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 2 quarters and 11 insider purchases by 2 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $0M in the last 90 days (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected