# EDGAR Filing Document

**Accession Number:** 0001588272
**File Stem:** 0001193125-26-145482
**Filing Date:** 2026-4
**Character Count:** 13425
**Document Hash:** 4be6365ff910aa912b0cee6ce31d1a7e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-145482.hdr.sgml**: 20260407

**ACCESSION NUMBER**: 0001193125-26-145482

**CONFORMED SUBMISSION TYPE**: 10-K/A

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260407

**DATE AS OF CHANGE**: 20260407

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NexPoint Capital, Inc.
- **CENTRAL INDEX KEY:** 0001588272

**ORGANIZATION NAME:**
- **EIN:** 383926499
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-01074
- **FILM NUMBER:** 26844621

**BUSINESS ADDRESS:**
- **STREET 1:** 300 CRESCENT COURT
- **STREET 2:** SUITE 700
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-276-6300

**MAIL ADDRESS:**
- **STREET 1:** 300 CRESCENT COURT
- **STREET 2:** SUITE 700
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NexPoint Capital, LLC
- **DATE OF NAME CHANGE:** 20131002

?xml version='1.0' encoding='ASCII'? 10-K/A

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### Form 10-K/A

#### (Amendment No. 1)

#### (Mark One)
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

#### FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025

#### OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

#### FOR THE TRANSITION PERIOD FROM TO

#### COMMISSION FILE NUMBER: 814-01074

## NexPoint Capital, Inc.

#### (Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| Delaware | 38-3926499 |
| (State or other jurisdiction of<br>incorporation or organization) | (I.R.S. Employer<br>Identification No.) |
| 300 Crescent Court, Suite 700 |  |
| Dallas, Texas | 75201 |
| (Address of principal executive offices) | (Zip Code) |

---

#### Registrant's telephone number, including area code (972) 628-4100

#### Securities registered pursuant to Section 12(b) of the Act: None

#### Securities registered pursuant to Section 12(g) of the Act: Common Stock, par value $0.001 per share
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒.

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☐ |

---

Emerging growth company Yes ☐ No ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

There is no established market for the registrant's shares of common stock. The registrant closed the public offering of its shares of common stock in February 14, 2018 and the final offering price was $10.75. Since the registrant closed its public offering it has continued to issue shares pursuant to its distribution reinvestment plan. The most recent price at which the registrant has issued shares pursuant to the distribution reinvestment plan was $4.60 per share. As of December 31, 2025, the Registrant had 8,359,344 shares of common stock, $0.001 par value, outstanding.

Documents Incorporated by Reference: Portions of the Registrant's Proxy Statement relating to the Registrant's 2026 Annual Meeting of Stockholders to be filed not later than 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K are incorporated by reference into Part III of this Annual Report on Form 10-K.

Auditor Firm Id: 925 Auditor Name: Cohen & Company, LTD. Auditor Location: Cleveland, Ohio, United States

------

#### EXPLANATORY NOTE
NexPoint Capital, Inc. (the "Company") is filing this Amendment No. 1 on Form 10-K/A (this "Amendment") to its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the "Original 10-K"), which was originally filed with the Securities and Exchange Commission (the "SEC") on March 31, 2026 ("Original Filing Date"), solely to correct the name of a member of the Company's Board of Directors in the director signature block of the Original 10-K.

Except as described above, no changes have been made to the Original 10-K and this Amendment does not modify, amend or update in any way any of the financial or other information contained in the Original 10-K. This Amendment does not reflect events that may have occurred subsequent to the Original Filing Date.

Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended, this Amendment also contains new certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, which are attached hereto as Exhibits 31.1, and 31.2. Because no financial statements have been included in this Amendment, paragraphs 3, 4, and 5 of the certifications have been omitted. Section 906 certifications are attached hereto as Exhibit 32.1.

------

#### PART IV

---

| | |
|:---|:---|
| **Item 15:** | **Exhibits**  |

---

---

| | |
|:---|:---|
| **Number** | **Description** |
| 31.1\* | [Certifications by President pursuant to Exchange Act Rule 13a-14(a) , as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](d54714dex311.htm) |
| 31.2\* | [Certifications by Chief Financial Officer pursuant to Exchange Act Rule 13a-14(a) , as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](d54714dex312.htm) |
| 32.1\* | [Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](d54714dex321.htm) |
| 101.INS | Interactive Data File (The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document) |
| 101.SCH | Inline XBRL Taxonomy Extension Schema |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |

---

\* Filed herewith

------

#### Item 16. Form 10-K Summary.
None.

------

#### SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Amendment No. 1 to this Annual Report on Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **NEXPOINT CAPITAL, INC.** | **NEXPOINT CAPITAL, INC.** |
| Date: April 7, 2026 | By: | /s/ Frank Waterhouse |
|  | Name: | Frank Waterhouse |
|  | Title: | Treasurer, Chief Accounting Officer and Principal Financial Officer |

---

KNOW ALL MEN BY THESE PRESENT, each person whose signature appears below hereby constitutes and appoints each of Frank Waterhouse and Dustin Norris as his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said

attorneys-in-fact or their substitute or substitutes may do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Exchange Act of 1934, this Annual Report on Form 10-K has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ James D. Dondero<br> James D. Dondero | President<br> (Principal Executive Officer) | April 7, 2026 |
| /s/ Frank Waterhouse<br> Frank Waterhouse | Chief Financial Officer<br> (Treasurer, Principal Accounting Officer and Principal Financial Officer) | April 7, 2026 |
| /s/ Dr. Bob Froehlich<br> Dr. Bob Froehlich | Director | April 7, 2026 |
| /s/ John Honis<br> John Honis | Director | April 7, 2026 |
| /s/ Ethan Powell<br> Ethan K. Powell | Director | April 7, 2026 |
| /s/ Dorri McWhorter<br> Dorri McWhorter | Director | April 7, 2026 |

---

## Exhibit 31.1

**Exhibit 31.1** 

**<u>Certification of Chief Executive Officer</u>**

**<u>of Periodic Report Pursuant to Rule 13a-14(a) and Rule 15d-14(a)</u>**

I, James Dondero, President, certify that:

1) I have reviewed this Amendment No.1 on Form 10-K/A of NexPoint Capital, Inc.; and

2) Based on my knowledge, this Amendment does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

Date: April 7, 2026

---

| |
|:---|
| /s/ James Dondero |
| James Dondero |
| President |
| (Principal Executive Officer) |

---

## Exhibit 31.2

**Exhibit 31.2** 

**<u>Certification of Chief Financial Officer</u>**

**<u>of Periodic Report Pursuant to Rule 13a-14(a) and Rule 15d-14(a)</u>**

I, Frank Waterhouse, Chief Financial Officer, certify that:

1) I have reviewed this Amendment No.1 on Form 10-K/A of NexPoint Capital, Inc.; and

2) Based on my knowledge, this Amendment does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

Date: April 7, 2026

---

| |
|:---|
| /s/ Frank Waterhouse Frank Waterhouse |
| Treasurer, Principal Accounting Officer and Principal |
| Financial Officer |

---

## Exhibit 32.1

**Exhibit 32.1** 

**CERTIFICATION PURSUANT TO** 

**18 U.S.C. SECTION 1350,** 

**AS ADOPTED PURSUANT TO** 

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002** 

In connection with the Amendment No. 1 on Form 10-K/A of NexPoint Capital, Inc. (the "Company"), for the annual period ended December 31, 2025, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), we, James Dondero and Frank Waterhouse, President and Principal Financial Officer, respectively, of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of our knowledge:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of
1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Company as of the dates and for the periods expressed in the Report.

---

| | |
|:---|:---|
| Date: April 7, 2026 | /s/ James Dondero |
|  | James Dondero |
|  | *President and Principal Executive Officer* |

---

---

| |
|:---|
| /s/ Frank Waterhouse |
| Frank Waterhouse |
| *Treasurer, Principal Accounting Officer and Principal* |
| *Financial Officer* |

---