James D. Dondero - 23 Nov 2021 Form 4 Insider Report for NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT)

Role: President and Principal Executive Officer, 10%+ Owner
Signature: /s/ James D. Dondero
Issuer symbol: NXDT
Transactions as of: 23 Nov 2021
Net transactions value: +$67,078
Form type: 4
Filing time: 24 Nov 2021, 15:15:26 UTC
Previous filing: 23 Nov 2021
Next filing: 29 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXDT	5.50% Series A Cumulative Preferred Shares	Purchase	$67,078	+3,094	+7.3%	$21.68	45,700	23 Nov 2021	See Footnote	F1
holding	NXDT	5.50% Series A Cumulative Preferred Shares						13,004	23 Nov 2021	See Footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
F2	These shares are held by certain entities 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.

Remarks:

President and Principal Executive Officer