NexPoint Diversified Real Estate Trust (NXDT) director awarded 7,077 RSUs

Rhea-AI Filing Summary

Mitts Brian reported acquisition or exercise transactions in this Form 4 filing.

NexPoint Diversified Real Estate Trust director receives equity award. Director Brian Mitts was granted 7,077 restricted share units on June 2, 2026. Each unit represents a contingent right to receive one common share. These units will vest on June 2, 2027, with settlement generally within 30 days, either in shares or cash at the Compensation Committee’s discretion.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mitts Brian

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units	7,077	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 7,077 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 June 2, 2026, the reporting person was granted 7,077 restricted share units which will vest on June 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

RSUs granted: 7,077 units RSUs post-transaction: 7,077 units Exercise/Conversion price: $0.00 per unit +2 more

5 metrics

RSUs granted 7,077 units Restricted share units granted June 2, 2026

RSUs post-transaction 7,077 units Total restricted share units following the grant

Exercise/Conversion price $0.00 per unit Restricted share units awarded at no cash cost to insider

Underlying shares 7,077 common shares Common shares underlying granted restricted share units

Vesting date June 2, 2027 Scheduled vesting for the 7,077 RSUs

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 reporting person was granted 7,077 restricted share units which will vest on June 2, 2027"

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 30 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.

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 →

Available on EDGAR 06/04/2026 - 06:10 PM Accepted by SEC EDGAR 06/04/2026 - 05:38 PM Learn about SEC filing dates

FAQ

What insider transaction did NXDT report for director Brian Mitts?

NexPoint Diversified Real Estate Trust reported that director Brian Mitts received a grant of 7,077 restricted share units on June 2, 2026. This is a compensation-related equity award, not an open-market purchase or sale of common shares.

How many restricted share units were granted to the NXDT director?

Brian Mitts was granted 7,077 restricted share units. Each unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust, subject to vesting conditions and the company’s standard settlement mechanics.

When do the newly granted NXDT restricted share units vest?

The 7,077 restricted share units granted to Brian Mitts vest on June 2, 2027. Vesting must occur before the units can be settled into common shares or, at the Compensation Committee’s discretion, an equivalent cash payment.

How will the NXDT restricted share units granted to Brian Mitts be settled?

Settlement of the 7,077 restricted share units will generally occur within 30 days after vesting on June 2, 2027. The Compensation Committee may choose to settle the award in common shares or in cash, according to the plan terms.

Does this NXDT Form 4 show an open-market stock purchase or sale?

No, the Form 4 reflects a grant of restricted share units to director Brian Mitts as compensation. It does not show any open-market purchase or sale of NexPoint Diversified Real Estate Trust common shares by the insider.

What type of security was granted to the NXDT director in this filing?

The filing shows an award of restricted share units, a derivative security. Each unit is linked to one underlying common share of NexPoint Diversified Real Estate Trust, deliverable after vesting and subject to the plan’s settlement provisions.

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)
06/02/2026

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		7,077		(2)	(2)	Common Shares	7,077	$0	7,077	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 7,077 restricted share units which will vest on June 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 Brian Mitts	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)