NXDT director granted 7,077 restricted share units

LAFFER ARTHUR B reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

LAFFER ARTHUR B reported acquisition or exercise transactions in this Form 4 filing.

NexPoint Diversified Real Estate Trust director Arthur B. Laffer received a grant of 7,077 restricted share units. The award was made on June 2, 2026 and represents compensation rather than an open-market purchase or sale.

Each restricted share unit provides a contingent right to receive one common share of NexPoint Diversified Real Estate Trust. These 7,077 units will vest on June 2, 2027, and settlement is expected within 30 days after vesting, either in common shares or, at the Compensation Committee’s discretion, in cash. Following this grant, Laffer holds 7,077 restricted share units directly.

Insider Trade Summary

Grant/Award: 7,077 shares

Grant/Award 1 txn

Insider LAFFER ARTHUR B

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 Vesting date: June 2, 2027 Underlying common shares: 7,077 shares +2 more

5 metrics

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

Vesting date June 2, 2027 RSUs vesting date for Arthur B. Laffer

Underlying common shares 7,077 shares Each RSU equals one common share of NXDT

Post-grant RSU holdings 7,077 units Restricted share units held directly after the transaction

Transaction price per RSU $0.0000 per unit Compensation grant, not an open-market purchase

Key Terms

Restricted Share Units, contingent right, vest, 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.

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.

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 NXDT director Arthur B. Laffer report?

Arthur B. Laffer reported receiving 7,077 restricted share units as compensation. The units were granted on June 2, 2026, and each unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust upon vesting and settlement.

How many restricted share units did Arthur B. Laffer receive from NXDT?

Arthur B. Laffer received 7,077 restricted share units from NexPoint Diversified Real Estate Trust. These units were granted as a compensation award and give him the right, upon vesting and settlement, to receive an equal number of common shares or potentially cash, at the committee’s discretion.

When do Arthur B. Laffer’s NXDT restricted share units vest?

The 7,077 restricted share units granted to Arthur B. Laffer vest on June 2, 2027. After vesting, settlement is expected to occur generally within 30 days, providing either common shares of NexPoint Diversified Real Estate Trust or cash, depending on Compensation Committee decisions.

What does each NXDT restricted share unit granted to Arthur B. Laffer represent?

Each restricted share unit granted to Arthur B. Laffer represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust. Actual delivery of shares, or cash instead, occurs after the units vest and are settled according to the plan’s terms.

Can Arthur B. Laffer’s NXDT restricted share units be settled in cash?

Yes. The filing states settlement will generally occur within 30 days of vesting and may, at the discretion of the Compensation Committee, be settled in cash. Otherwise, settlement would typically involve delivering common shares of NexPoint Diversified Real Estate Trust corresponding to the vested units.

How many NXDT restricted share units does Arthur B. Laffer hold after this grant?

After this grant, Arthur B. Laffer holds 7,077 restricted share units directly. These units are scheduled to vest on June 2, 2027, and, upon settlement, may convert into an equivalent number of common shares or cash, depending on Compensation Committee decisions.

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

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Accepted by SEC EDGAR 06/04/2026 - 05:39 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^*

LAFFER ARTHUR B

(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 Arthur Laffer	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)