NexPoint director granted 7,077 restricted share units

Swain Carol reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Swain Carol reported acquisition or exercise transactions in this Form 4 filing.

NexPoint Diversified Real Estate Trust director Carol Swain received a grant of 7,077 restricted share units. Each unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust. The award was granted on June 2, 2026 and will vest on June 2, 2027.

Settlement is expected to occur within 30 days after vesting and, at the discretion of the Compensation Committee, may be settled in cash. Following this grant, Swain holds 7,077 restricted share units directly.

Insider Trade Summary

Grant/Award: 7,077 shares

Grant/Award 1 txn

Insider Swain Carol

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 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 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 Underlying common shares: 7,077 shares Post-grant RSU holdings: 7,077 units +2 more

5 metrics

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

Underlying common shares 7,077 shares Each RSU represents one common share

Post-grant RSU holdings 7,077 units Total restricted share units following transaction

Vesting date June 2, 2027 RSUs vest one year after grant date

Settlement window Within 30 days Settlement generally occurs within 30 days of vesting

Key Terms

Restricted Share Units, contingent right, vest, settlement, +1 more

5 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.

contingent right financial

"represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust"

vest financial

"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"

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.

FAQ

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

What insider transaction did NexPoint (NXDT) report for Carol Swain?

NexPoint reported that director Carol Swain received 7,077 restricted share units as a compensation grant. Each unit is tied to one common share, with vesting and settlement terms defined by the company’s equity plan and Compensation Committee.

How many restricted share units did Carol Swain receive from NexPoint (NXDT)?

Carol Swain received 7,077 restricted share units. These units give her a contingent claim on an equal number of common shares, subject to vesting on June 2, 2027 and subsequent settlement within a defined period after vesting.

When do Carol Swain’s NexPoint (NXDT) restricted share units vest?

The 7,077 restricted share units granted to Carol Swain vest on June 2, 2027. Vesting means the units convert from a contingent right into a deliverable award, which is then settled shortly afterward according to the plan’s settlement terms.

How will Carol Swain’s NexPoint (NXDT) RSUs be settled after vesting?

Settlement will generally occur within 30 days after the June 2, 2027 vesting date. The Compensation Committee may choose to settle the vested restricted share units in cash instead of delivering common shares, providing flexibility in how the award is delivered.

What does each NexPoint (NXDT) restricted share unit granted to Carol Swain represent?

Each restricted share unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust. The right becomes deliverable only after the vesting date and according to the settlement mechanics described in the grant’s footnotes.

What is Carol Swain’s NexPoint (NXDT) RSU position after this grant?

After the June 2, 2026 grant, Carol Swain holds 7,077 restricted share units directly. These units reflect a form of equity-based compensation that will vest in the future and may convert into common shares or cash, depending on settlement decisions.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/04/2026 - 05:37 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^*

Swain Carol

(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 Carol Swain	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)