NexPoint (NYSE: NXDT) boosts Dondero-linked stake via stock fee payments
Rhea-AI Filing Summary
NexPoint Diversified Real Estate Trust reported that, on January 16, 2026, an entity associated with President and 10% owner James Dondero received additional shares as compensation under an advisory agreement. NexPoint Real Estate Advisers X, L.P. (the Adviser), which is ultimately controlled by Dondero, was issued 93,380.41 common shares for July fees at a VWAP of $4.7863 per share and 119,482.76 common shares for August fees at a VWAP of $3.8346 per share, both paid in stock rather than cash.
After these transactions, the Form 4 lists Dondero with indirect beneficial ownership of over 2.8 million shares through the Adviser and other entities and accounts, including investment funds, trusts, and custodial UTMA accounts for his children, while he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 212,863.17 shares
Net Buy
13 txns
Insider
DONDERO JAMES D
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 93,380.41 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 119,482.76 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,507,578.62 shares (Indirect, See Footnote);
Common Stock — 5,463,349.064 shares (Direct);
Common Stock — 7,064.1571 shares (Indirect, As custodian of UTMA account for child 1);
Common Stock — 7,048.4039 shares (Indirect, As custodian of UTMA account for child 2);
Common Stock — 7,064.1681 shares (Indirect, As custodian of UTMA account for child 3);
Common Stock — 5,237.7541 shares (Indirect, As custodian of UTMA account for child 4);
Common Stock — 5,013.299 shares (Indirect, As custodian of UTMA account for child 5);
Common Stock — 7,064.1681 shares (Indirect, As custodian of UTMA account for child 6);
Common Stock — 84,130.8068 shares (Indirect, By employee benefit plan)
Footnotes (8)
- F1. Under the terms of the Advisory Agreement, dated July 1, 2022, by and between NexPoint Diversified Real Estate Trust (the "Company") and NexPoint Real Estate Advisers X, L.P. (the "Adviser"), as amended (the "Advisory Agreement"), prior to September 2025, the Adviser received payment for a portion of its monthly fees under the Advisory Agreement in common shares of the Company. Such common shares received as payment are valued at the volume-weighted average price ("VWAP") of the shares for the 10 trading days prior to the end of the month for which such fees will be paid. The Company issued 93,380.41 common shares to the Adviser as payment of its fees for the month of July at a VWAP of $4.7863 per share.
- F2. Includes shares acquired under a dividend reinvestment plan and shares received pursuant to elective stock dividends paid on the Company's common shares.
- F3. Following the transactions disclosed herein, 41,733 shares are held by Drugcrafters, L.P. ("Drugcrafters"), 91,778.57 shares are held by PCMG Trading Partners XXIII, L.P., 290,517 shares are held by Governance Re Ltd., 14,962.88 shares are held by Highland Capital Management Services, L.P. ("HCM") and 2,388,118.17 shares are held by NexPoint Real Estate Advisers X, L.P. (the "Adviser"). Mr. Dondero owns 75% of PCMG Trading Partners XXIII, L.P. ("PCMG") and HCM, and PCMG owns 99% of Drugcrafters. Drugcrafters, PCMG, Governance Re Ltd., HCM and the Adviser are ultimately controlled by Mr. Dondero. Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by such entities. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F4. Under the terms of the Advisory Agreement, prior to September 2025, the Adviser received payment for a portion of its monthly fees under the Advisory Agreement in common shares of the Company. Such common shares received as payment are valued at the VWAP of the shares for the 10 trading days prior to the end of the month for which such fees will be paid. The Company issued 119,482.76 common shares to the Adviser as payment of its fees for the month of August at a VWAP of $3.8346 per share.
- F5. The shares are held for one of Mr. Dondero's children, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which Mr. Dondero serves as custodian. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F6. These shares are held by The Dugaboy Investment Trust of which Mr. Dondero is the beneficiary pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F7. 1,559,149 shares are held by Highland Opportunities and Income Fund and 671,954 shares are held by Highland Global Allocation Fund (both of which are managed by NexPoint Asset Management, L.P., which is ultimately controlled by Mr. Dondero). Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by such entities. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F8. These shares are held by subsidiaries of The Dugaboy Investment Trust. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
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FAQ
What did the NXDT Form 4 filed for James Dondero report?
The Form 4 reports that entities associated with James Dondero, including NexPoint Real Estate Advisers X, L.P., received common shares of NexPoint Diversified Real Estate Trust (NXDT) as payment of advisory fees, and details Dondero’s indirect beneficial ownership positions.
How does the Form 4 describe James Dondero’s relationship to NXDT?
The Form 4 lists James Dondero as a director, a 10% owner, and an officer of NexPoint Diversified Real Estate Trust, with the officer title referenced in the remarks as President.