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

Role
Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary, Director
Signature
/s/ Brian Mitts
Issuer symbol
NXDT
Transactions as of
04 Apr 2024
Net transactions value
-$14,714
Form type
4
Filing time
08 Apr 2024, 20:39:01 UTC
Previous filing
04 Apr 2024
Next filing
15 Apr 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 +7,463 +781% 8,419 04 Apr 2024 Direct F1
transaction NXDT Common Stock Tax liability $14,714 -2,432 -29% $6.05 5,987 04 Apr 2024 Direct
holding NXDT Common Stock 5,524 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 -7,463 -25% $0.000000 22,388 04 Apr 2024 Common Shares 7,463 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 29,851 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:

Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary