NexPoint (NXDT) director Arthur Laffer awarded 3,247 restricted share units

Rhea-AI Filing Summary

LAFFER ARTHUR B reported acquisition or exercise transactions in this Form 4 filing.

NexPoint Diversified Real Estate Trust director Arthur B. Laffer received a compensation grant of 3,247 restricted share units on April 2, 2026. Each unit gives a contingent right to one common share. The award will vest on April 2, 2027, and settlement is expected within 30 days of vesting, either in shares or, at the Compensation Committee’s discretion, in cash. After this grant, Laffer holds 3,247 restricted share units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LAFFER ARTHUR B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units	3,247	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 3,247 shares (Direct)

Footnotes (2)

1. F1. Each restricted share unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust.
2. F2. On April 2, 2026, the reporting person was granted 3,247 restricted share units which will vest on April 2, 2027. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Key Figures

Restricted share units granted: 3,247 units Vesting date: April 2, 2027 Units held after grant: 3,247 units +1 more

4 metrics

Restricted share units granted 3,247 units Grant on April 2, 2026

Vesting date April 2, 2027 RSU vesting schedule

Units held after grant 3,247 units Total restricted share units following transaction

Conversion ratio 1 unit : 1 share Each RSU equals one common share contingent right

Key Terms

Restricted Share Units, contingent right, settled in cash, Compensation Committee

4 terms

Restricted Share Units financial

"On April 2, 2026, the reporting person was granted 3,247 restricted share units"

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.

contingent right financial

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

settled in cash financial

"Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash"

Compensation Committee financial

"may at the discretion of the Compensation Committee be settled in cash"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/06/2026 - 07:41 PM Learn about SEC filing dates

FAQ

What did Arthur B. Laffer receive in this NexPoint (NXDT) Form 4 filing?

Arthur B. Laffer received a grant of 3,247 restricted share units as compensation. Each unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust, subject to vesting conditions and later settlement in shares or potentially cash.

When do Arthur B. Laffer’s 3,247 restricted share units in NXDT vest?

The 3,247 restricted share units granted to Arthur B. Laffer vest on April 2, 2027. Vesting means the units become earned, after which settlement into common shares or cash can generally occur within 30 days, subject to Compensation Committee discretion on payment form.

How will the 3,247 NexPoint (NXDT) restricted share units be settled?

After vesting, the 3,247 restricted share units will generally be settled within 30 days. Settlement may occur in NexPoint common shares or, at the Compensation Committee’s discretion, in cash, giving the company flexibility in how it delivers the award’s value to Laffer.

Is the Form 4 transaction for NXDT an open-market buy or sell?

No, the Form 4 reports a compensation-related grant coded as an acquisition (A), not a market trade. Arthur B. Laffer did not buy or sell shares in the market; he received 3,247 restricted share units as part of his role with NexPoint Diversified Real Estate Trust.

How many NexPoint (NXDT) restricted share units does Arthur B. Laffer hold after this grant?

Following this transaction, Arthur B. Laffer holds 3,247 restricted share units directly. These units each correspond to a contingent right to receive one NexPoint common share, subject to vesting on April 2, 2027 and later settlement in shares or cash.

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^*

LAFFER ARTHUR B

(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)
04/02/2026

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

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)	04/02/2026		A		3,247		(2)	(2)	Common Shares	3,247	$0	3,247	D

Explanation of Responses:

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

2. On April 2, 2026, the reporting person was granted 3,247 restricted share units which will vest on April 2, 2027. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

	/s/ Paul Richards, as Attorney-in-Fact for Arthur Laffer	04/06/2026
	** 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)