Matt McGraner - Apr 3, 2025 Form 4 Insider Report for NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT)

Signature
/s/ Paul Richards, as attorney-in-fact for Matt McGraner
Stock symbol
NXDT
Transactions as of
Apr 3, 2025
Transactions value $
-$51,091
Form type
4
Date filed
4/7/2025, 07:01 PM
Previous filing
Apr 1, 2025
Next filing
Apr 15, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXDT Common Stock Options Exercise +45.1K +34.33% 177K Apr 4, 2025 Direct F1
transaction NXDT Common Stock Tax liability -$51.1K -14.8K -8.39% $3.45 162K Apr 4, 2025 Direct
holding NXDT Common Stock 815 Apr 3, 2025 By 401(k) Plan

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 +237K $0.00 237K Apr 3, 2025 Common Shares 237K Direct F1, F2
transaction NXDT Restricted Shares Units Options Exercise $0 -45.1K -33.33% $0.00 90.3K Apr 4, 2025 Common Shares 45.1K Direct F1, F3
* 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 April 3, 2025, the reporting person was granted 237,446 restricted shares units. The restricted shares units will vest one-fourth on April 3, 2026, one-fourth on February 15, 2027, one-fourth on February 15, 2028 and one-fourth on February 15, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash
F3 On April 4, 2023, the reporting person was granted 180,498 restricted shares units. The restricted shares units vested one-fourth on April 4, 2024 and one-fourth on April 4, 2025, and will vest one-fourth on April 4, 2026 and one-fourth on April 4, 2027. 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 and Chief Investment Officer