NexPoint director settles RSUs, returns shares

NexPoint Diversified Real Estate Trust director Brian Mitts reported routine equity compensation activity.

Rhea-AI Filing Summary

NexPoint Diversified Real Estate Trust director Brian Mitts reported routine equity compensation activity. On June 10, 2026, 4,830 restricted share units vested and converted into an equal number of common shares, consistent with a grant made on June 10, 2025.

As part of settlement, 2,415 common shares were returned to the company in a disposition to the issuer, and a portion of the grant was settled in cash, according to the footnotes. Following these transactions, Mitts directly owned 26,631 common shares of NexPoint Diversified Real Estate Trust.

Insider Trade Summary

4,830 shares exercised/converted

Exercise 3 txns

Insider Mitts Brian

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	4,830	$0.00	$0.00
Exercise	Common Stock	4,830	$0.00	$0.00
Disposition	Common Stock	2,415	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 0 contracts (Direct); Common Stock — 26,631 shares (Direct)

Footnotes (4)

1. F1. Each restricted share unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust (the "Company").
2. F2. Includes shares received pursuant to an elective stock dividend paid on the Company's common shares.
3. F3. Represents the portion of the previously reported restricted share unit grant that vested on June 10, 2026 and settled in cash.
4. F4. On June 10, 2025, the reporting person was granted 4,830 restricted share units which vested on June 10, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Key Figures

RSUs vested and converted: 4,830 units/shares Shares disposed to issuer: 2,415 shares Shares owned after transactions: 26,631 shares +1 more

4 metrics

RSUs vested and converted 4,830 units/shares Restricted share units vested and converted on June 10, 2026

Shares disposed to issuer 2,415 shares Disposition to NexPoint Diversified Real Estate Trust on June 10, 2026

Shares owned after transactions 26,631 shares Direct common share ownership following June 10, 2026 activity

RSU grant size 4,830 units Restricted share unit grant on June 10, 2025 that vested June 10, 2026

Key Terms

restricted share units, elective stock dividend, disposition to issuer

3 terms

restricted share units financial

"Each restricted share unit represents a contingent right to receive one common share"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

elective stock dividend financial

"Includes shares received pursuant to an elective stock dividend paid on the Company's common shares"

disposition to issuer financial

"transaction code "D" with transaction_action "issuer disposition" for 2,415 common shares"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did NXDT director Brian Mitts report on June 10, 2026?

Brian Mitts reported vesting and conversion of 4,830 restricted share units into common shares and a disposition of 2,415 common shares back to NexPoint Diversified Real Estate Trust, as part of equity compensation settlement activity on June 10, 2026.

How many NXDT restricted share units vested for Brian Mitts in this Form 4?

A total of 4,830 restricted share units vested for Brian Mitts, each representing a right to receive one common share. These units came from a grant awarded on June 10, 2025, that fully vested on June 10, 2026, per the footnote disclosure.

How many NXDT shares did Brian Mitts return to the issuer in this filing?

Brian Mitts disposed of 2,415 common shares in a transaction coded as a disposition to the issuer. This return of shares formed part of the settlement mechanics for his vested restricted share units, which the compensation committee could settle in cash.

What is Brian Mitts’ direct NXDT share ownership after these transactions?

After recording the vesting and disposition transactions, Brian Mitts directly owned 26,631 common shares of NexPoint Diversified Real Estate Trust. This post-transaction balance reflects the net result of the RSU conversion and the shares returned to the issuer.

Were Brian Mitts’ NXDT restricted share units settled in stock or cash?

The filing notes that the vested restricted share units could be settled in cash at the compensation committee’s discretion and states a portion of the previously reported grant vested and settled in cash on June 10, 2026, alongside share issuances and dispositions.

What was the original grant date for Brian Mitts’ vested NXDT restricted share units?

The restricted share units that vested were originally granted on June 10, 2025. According to the footnote, all 4,830 units from that grant vested on June 10, 2026, with settlement generally occurring within 10 days of vesting in cash or shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/18/2026 - 09:35 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mitts Brian

(Last) (First) (Middle)

300 CRESCENT COURT, SUITE 700

(Street)

DALLAS TEXAS 75201

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NEXPOINT DIVERSIFIED REAL ESTATE TRUST [ NXDT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/10/2026		M		4,830	A	(1)	29,046(2)	D
Common Stock	06/10/2026		D		2,415	D	(3)	26,631	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(1)	06/10/2026		M			4,830	(4)	(4)	Common Shares	4,830	$0	0	D

Explanation of Responses:

1. Each restricted share unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust (the "Company").

2. Includes shares received pursuant to an elective stock dividend paid on the Company's common shares.

3. Represents the portion of the previously reported restricted share unit grant that vested on June 10, 2026 and settled in cash.

4. On June 10, 2025, the reporting person was granted 4,830 restricted share units which vested on June 10, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

	/s/ /s/ Paul Richards, as attorney-in fact for Brian Mitts	06/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)