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: 30-80%. Bear: <10% or >80%.

Buyback $12M / FCF $22M = 54% of FCF

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

Repurchased 238,040 shares = 1.9% of 25,403,537 outstanding (annualized)

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

10 open-market purchases by 2 insiders

• 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
• Richards Paul (See Remarks) bought 1,000 shares at $33.18 on 2025-05-23
• Richards Paul (See Remarks) bought 5,014 shares at $33.10 on 2025-04-07
• Richards Paul (See Remarks) bought 800 shares at $34.14 on 2025-04-07

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $1M, sold $1M (net selling)

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

No buyback-insider divergence detected