When will the 7,077 restricted share units granted by NXDT vest?

The 7,077 restricted share units will vest on June 2, 2027. Vesting means the director’s right to the underlying common shares, or an equivalent cash amount, becomes earned according to the company’s compensation terms.

How will the NexPoint (NXDT) restricted share units 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 restricted share units in common shares of NexPoint Diversified Real Estate Trust or in cash.

How many restricted share units does the NexPoint director hold after this transaction?

After this transaction, the director holds 7,077 restricted share units directly. These units correspond to a potential future issuance of 7,077 common shares, subject to vesting and settlement terms set by the company.

NexPoint Diversified (NYSE: NXDT) grants 7,077 RSUs to director

Q: How many restricted share units did the NXDT director receive and what do they represent?

The director received 7,077 restricted share units. Each restricted share unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust, providing potential future equity rather than immediate ownership of common shares.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Constantino Edward N. reported acquisition or exercise transactions in this Form 4 filing.

NexPoint Diversified Real Estate Trust director Edward N. Constantino received a grant of 7,077 restricted share units (RSUs). Each RSU represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust. The grant date was June 2, 2026.

The 7,077 RSUs will vest on June 2, 2027, and settlement will generally occur within 30 days after vesting. Settlement may, at the discretion of the Compensation Committee, be made in either common shares or cash. After this grant, the director holds 7,077 RSUs directly, with no open-market purchase or sale reported.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Constantino Edward N.

Role null

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

Holdings After Transaction: Restricted Share Units — 7,077 shares (Direct, null)

Footnotes (1)

Each restricted share unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust. 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 Vest date: June 2, 2027 +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

Vest date June 2, 2027 RSUs vesting schedule

Shares after transaction 7,077 RSUs Total restricted share units held following grant

Grant price per RSU $0.00 Equity compensation award, non-cash grant

Key Terms

restricted share units, vest, Compensation Committee

3 terms

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.

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.

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Form 4 Insider Transactions: What Each Field Means →

06/04/2026 - 05:40 PM

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^*

Constantino Edward N.

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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 Edward Constantino	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did NexPoint Diversified (NXDT) report in this Form 4?

NexPoint Diversified reported that director Edward N. Constantino received 7,077 restricted share units on June 2, 2026. These RSUs are a form of equity-based compensation and do not represent an open-market stock purchase or sale.

Did the NXDT director buy or sell common shares in the market in this Form 4?

No, this Form 4 shows a grant of 7,077 restricted share units as compensation. It does not report any open-market purchase or sale of NexPoint Diversified Real Estate Trust common shares by the director.