NexPoint Diversified grants 245,415 RSUs to officer

McGraner Matt reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

McGraner Matt reported acquisition or exercise transactions in this Form 4 filing.

NexPoint Diversified Real Estate Trust reported that officer Matt McGraner received a grant of 245,415 restricted share units on June 2, 2026. Each unit represents a contingent right to receive one common share.

The RSUs vest in four equal installments: one-fourth on June 2, 2027, one-fourth on February 15, 2028, one-fourth on February 15, 2029, and one-fourth on February 15, 2030. Settlement generally occurs within 10 days of vesting and may, at the Compensation Committee’s discretion, be made in cash. Following this award, McGraner holds 245,415 RSUs directly.

Insider Trade Summary

Grant/Award: 245,415 shares

Grant/Award 1 txn

Insider McGraner Matt

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units	245,415	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 245,415 contracts (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 June 2, 2026, the reporting person was granted 245,415 restricted share units. The restricted share units will vest one-fourth on June 2, 2027, one-fourth on February 15, 2028, one-fourth on February 15, 2029 and one-fourth on February 15, 2030. 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 granted: 245,415 units Underlying common shares: 245,415 shares Post-grant RSU holdings: 245,415 units +3 more

6 metrics

RSUs granted 245,415 units Grant to Matt McGraner on June 2, 2026

Underlying common shares 245,415 shares Each RSU equals one common share

Post-grant RSU holdings 245,415 units Total RSUs held directly after transaction

Transaction price per RSU $0.00 per unit Equity compensation grant, not a market purchase

First vesting date June 2, 2027 One-fourth of RSUs vest

Later vesting dates Feb 15, 2028–2030 Remaining three one-fourth installments vest

Key Terms

Restricted Share Units, vesting, settlement, derivative

4 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.

vesting financial

"The restricted share units will vest one-fourth on June 2, 2027, one-fourth on February 15, 2028"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

settlement financial

"Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash"

Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.

derivative financial

"transaction_type": "derivative","transaction_shares": "245415.0000""

A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.

FAQ

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

What insider transaction did NexPoint Diversified Real Estate Trust (NXDT) report for Matt McGraner?

NexPoint Diversified Real Estate Trust reported that officer Matt McGraner received a grant of 245,415 restricted share units on June 2, 2026. Each RSU represents a contingent right to receive one common share, reflecting equity-based compensation rather than an open-market purchase or sale.

How many restricted share units did NXDT grant to Matt McGraner and what do they represent?

Matt McGraner was granted 245,415 restricted share units by NexPoint Diversified Real Estate Trust. Each restricted share unit represents a contingent right to receive one common share of NXDT, linking his compensation directly to the company’s equity over a multi‑year vesting period.

What is the vesting schedule for Matt McGraner’s 245,415 RSUs at NexPoint Diversified (NXDT)?

The 245,415 RSUs vest in four equal installments for Matt McGraner. One-fourth vests on June 2, 2027, then one-fourth on February 15 of 2028, 2029, and 2030, creating a long-term incentive structure tied to continued service and performance.

How and when will Matt McGraner’s NexPoint (NXDT) RSUs be settled?

Settlement of Matt McGraner’s restricted share units will generally occur within 10 days after each vesting date. The Compensation Committee may choose to settle the award in cash instead of common shares, providing flexibility in how the equity compensation is delivered.

What is Matt McGraner’s RSU position in NXDT after the reported grant?

After the June 2, 2026 grant, Matt McGraner holds 245,415 restricted share units in NexPoint Diversified Real Estate Trust. These units are derivative securities that convert into common shares upon vesting and settlement, subject to the multi‑year vesting schedule described.

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

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Accepted by SEC EDGAR 06/04/2026 - 05:39 PM EDT 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^*

McGraner Matt

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

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)	06/02/2026		A		245,415		(2)	(2)	Common Shares	245,415	$0	245,415	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 June 2, 2026, the reporting person was granted 245,415 restricted share units. The restricted share units will vest one-fourth on June 2, 2027, one-fourth on February 15, 2028, one-fourth on February 15, 2029 and one-fourth on February 15, 2030. 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

	/s/ Paul Richards, as attorney-in-fact for Matt McGraner	06/04/2026
	** 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)