Stephanie Vitiello - Nov 13, 2021 Form 3 Insider Report for NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT)

Signature
/s/ Stephanie Vitiello
Stock symbol
NXDT
Transactions as of
Nov 13, 2021
Transactions value $
$0
Form type
3
Date filed
11/23/2021, 08:03 PM
Next filing
Mar 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NXDT Common Stock 328 Nov 13, 2021 By employee benefit plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding NXDT Contingent Bonus Award Nov 13, 2021 Common Stock 229 Direct F1
holding NXDT Contingent Bonus Award Nov 13, 2021 Common Stock 126 Direct F2
holding NXDT Contingent Bonus Award Nov 13, 2021 Common Stock 362 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 28, 2019, the Reporting Person was awarded 229.043 shares. The Contingent Bonus Award is granted by Highland Capital Management, L.P. ("Highland") to the Reporting Person for service as an employee of Highland. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on February 28, 2022. These awards will terminate if the Reporting Person's employment with Highland or an affiliate is terminated.
F2 On May 29, 2020, the Reporting Person was awarded 125.755 shares. The Contingent Bonus Award is granted by Highland to the Reporting Person for service as an employee of Highland. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on May 29, 2023. These awards will terminate if the Reporting Person's employment with Highland or an affiliate is terminated.
F3 On June 9, 2021, the Reporting Person was awarded 362.056 shares. The Contingent Bonus Award is granted by Skyview Group, Inc. ("Skyview") to the Reporting Person for service as an employee of Skyview. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on June 9, 2024. These awards will terminate if the Reporting Person's employment with Skyview or an affiliate is terminated.