Company: NREF
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001437749-25-010694
Chunk: 36

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 36
---
 and the Company.

<div align='center'>20

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS</div>

The following table provides certain information as of the end of our most recently completed fiscal year with respect to compensation plans (including any individual compensation arrangements, of which there are none) under which our equity securities are authorized for issuance, aggregated as follows:

| Plan category                                              |     | Number of securities to                          
 be issued upon exercise of                       
 outstanding options,                             
 warrants and rights                              |     | Weighted-    
 average      
 exercise     
 price        
 of           
 outstanding  
 options,     
 warrants and 
 rights       |     | Number of securities                           
 remaining available for                        
 future issuance under                          
 equity compensation                            
 plans (excluding                               
 securities issuable upon                       
 exercise of outstanding                        
 options, warrants and                          
 rights)                                        |
| Equity compensation plans approved by securityholders      |     |                                                  |     |              |     |                                                |
| LTIP                                                       |     | 942,426 shares of the Company’s common stock (1) |     | N/A          |     | 1,972,513 shares of the Company’s common stock |
| Equity compensation plans not approved by security holders |     |                                                  |     |              |     |                                                |
| None                                                       |     | -                                                |     | N/A          |     | -                                              |
| Total                                                      |     | 942,426 shares of the Company’s common stock     |     | N/A          |     | 1,972,513 shares of the Company’s common stock |

| (1) | Represents restricted stock units issued under our LTIP. |

<div align='center'>21

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</div>

The following is a summary of transactions that occurred on or were in effect after January 1, 2023 to which we have been a party in which the amount involved exceeded the lesser of $120,000 or one percent of the average of our total assets at year-end for the last two completed fiscal yearsand in which any of our executive officers, directors or beneficial holders of more than 5% of our capital stock had or will have a direct or indirect material interest.

Our Management Agreement

We are externally managed by our Manager pursuant to our Management Agreement. Our Manager was organized on June 7, 2019 and is an affiliate of our Sponsor. Below is a summary of the terms of our Management Agreement.

Duties of Our Manager

P