Matt McGraner - 18 Mar 2024 Form 4 Insider Report for NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT)

Role: Executive VP, Chief Investment Officer and Secretary
Signature: /s/ Brian Mitts, as attorney-in-fact for Matt McGraner
Issuer symbol: NXDT
Transactions as of: 18 Mar 2024
Transactions value $: $0
Form type: 4
Filing time: 19 Mar 2024, 16:20:12 UTC
Previous filing: 15 Mar 2024
Next filing: 01 Apr 2024
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NXDT	Restricted Shares Units	Award	$0	+293K		$0.00	293K	18 Mar 2024	Common Shares	293K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted shares unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust.
F2	On March 18, 2024, the reporting person was granted 292,500 restricted shares units. The restricted shares units will vest one-fourth on March 18, 2025, one-fourth on March 18, 2026, one-fourth on March 18, 2027, and one-fourth on March 18, 2028. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Remarks:

Executive VP, Chief Investment Officer and Secretary