Dustin Norris - Jun 10, 2025 Form 4 Insider Report for NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT)

Role: Executive Vice President
Signature: /s/ Paul Richards, as attorney-in-fact for Dustin Norris
Stock symbol: NXDT
Transactions as of: Jun 10, 2025
Transactions value $: $0
Form type: 4
Date filed: 6/12/2025, 06:24 PM
Previous filing: May 28, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
NORRIS DUSTIN DAVID	Executive Vice President	300 CRESCENT COURT, SUITE 700, DALLAS	/s/ Paul Richards, as attorney-in-fact for Dustin Norris	2025-06-12	0001617176

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 Share Units	Award	$0	+29K		$0.00	29K	Jun 10, 2025	Common Shares	29K		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 share unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust.
F2	On June 10, 2025, the reporting person was granted 28,980 restricted share units. The restricted share units will vest one-fourth on June 10, 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.

Remarks:

Executive Vice President