DUSTIN NORRIS - 04 Apr 2024 Form 4 Insider Report for NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT)

Role
Executive Vice President
Signature
/s/ Brian Mitts as Attorney-in-fact for Dustin Norris
Issuer symbol
NXDT
Transactions as of
04 Apr 2024
Transactions value $
-$24,527
Form type
4
Filing time
08 Apr 2024, 20:35:07 UTC
Previous filing
19 Mar 2024
Next filing
24 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXDT Common Stock Options Exercise +12.4K +38.59% 44.7K 04 Apr 2024 Direct F1, F2
transaction NXDT Common Stock Tax liability -$24.5K -4.05K -9.08% $6.05 40.6K 04 Apr 2024 Direct F2
holding NXDT Common Stock 40.1K 04 Apr 2024 By 401(k) 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
transaction NXDT Restricted Shares Units Options Exercise $0 -12.4K -25% $0.00 37.3K 04 Apr 2024 Common Shares 12.4K Direct F1, F3
* 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 Includes shares held under a dividend reinvestment plan.
F3 On April 4, 2023, the reporting person was granted 49,751 restricted shares units which vested one-fourth on April 4, 2024, and will vest 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