NexPoint insider granted 9,091 RSUs

Sauter Dennis Charles Jr reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Sauter Dennis Charles Jr reported acquisition or exercise transactions in this Form 4 filing.

NexPoint Diversified Real Estate Trust reported that insider Dennis Charles Sauter Jr. received a grant of 9,091 restricted share units, each representing a contingent right to receive one common share. Following this grant, he holds 9,091 restricted share units directly.

The award vests in four equal installments: one-fourth on April 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 each vesting date and may, at the Compensation Committee’s discretion, be settled in cash instead of shares.

Insider Trade Summary

Grant/Award: 9,091 shares

Grant/Award 1 txn

Insider Sauter Dennis Charles Jr

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units	9,091	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 9,091 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 April 2, 2026, the reporting person was granted 9,091 restricted share units. The restricted share units will vest one-fourth on April 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: 9,091 units Underlying common shares: 9,091 shares Post-grant RSU holdings: 9,091 units +3 more

6 metrics

RSUs granted 9,091 units Restricted share units granted on April 2, 2026

Underlying common shares 9,091 shares Each RSU equals one NexPoint common share

Post-grant RSU holdings 9,091 units Total restricted share units held after transaction

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

Subsequent vesting dates Feb 15 2028, 2029, 2030 Remaining three one-fourth tranches vest

Settlement window Within 10 days Settlement timing after each vesting date

Key Terms

Restricted Share Units, vest, settlement, Compensation Committee

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.

vest financial

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

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

settlement financial

"Settlement will generally occur within 10 days of vesting and may 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.

Compensation Committee financial

"Settlement 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.

FAQ

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

What insider transaction did NexPoint (NXDT) report for Dennis Charles Sauter Jr.?

NexPoint reported that Dennis Charles Sauter Jr. received a grant of 9,091 restricted share units. Each unit represents a contingent right to one common share, awarded as equity compensation rather than an open-market stock purchase or sale.

How many NexPoint (NXDT) restricted share units were granted in this filing?

The insider was granted 9,091 restricted share units. These units each correspond to one common share of NexPoint Diversified Real Estate Trust, providing equity-based compensation that vests over several years, rather than an immediate cash or share transaction in the market.

What is the vesting schedule for the 9,091 NexPoint (NXDT) restricted share units?

The 9,091 restricted share units vest in four equal parts: 25% on April 2, 2027, 25% on February 15, 2028, 25% on February 15, 2029, and 25% on February 15, 2030, spreading the award over roughly four years.

How will the NexPoint (NXDT) restricted share units be settled when they vest?

Settlement of the restricted share units will generally occur within 10 days after each vesting date. At the Compensation Committee’s discretion, the vested units may be settled either in NexPoint common shares or in cash, providing flexibility in how the award is delivered.

Does the NexPoint (NXDT) Form 4 show any insider share sales or purchases?

The filing shows an acquisition of 9,091 restricted share units as a grant or award, not an open-market purchase or sale. It does not report any insider stock sales or cash purchases, only this equity compensation grant with a future vesting schedule.

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

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Accepted by SEC EDGAR 04/06/2026 - 07:43 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^*

Sauter Dennis Charles Jr

(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)
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		9,091		(2)	(2)	Common Shares	9,091	$0	9,091	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 9,091 restricted share units. The restricted share units will vest one-fourth on April 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:

General Counsel and Secretary

	/s/ Paul Richards, as attorney-in-fact for D.C. Sauter	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)