DUSTIN NORRIS - 04 Apr 2023 Form 4 Insider Report for NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT)

Role: Executive Vice President
Signature: /s/ Dustin Norris
Issuer symbol: NXDT
Transactions as of: 04 Apr 2023
Transactions value $: $0
Form type: 4
Filing time: 06 Apr 2023, 16:05:35 UTC
Previous filing: 05 Jan 2023
Next filing: 19 Mar 2024
SEC: View on sec.gov

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
transaction	NXDT	Restricted Shares Units	Award	$0	+49.8K		$0.00	49.8K	04 Apr 2023	Common Shares	49.8K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted shares unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust.
F2	On April 4, 2023, the reporting person was granted 49,751 restricted shares units. The restricted shares units will vest one-fourth on April 4, 2024, one-fourth on April 4, 2025, one-fourth on April 4, 2026, and one-fourth on April 4, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Remarks:

Executive Vice President