Brian Mitts - 17 Apr 2025 Form 4/A - Amendment Insider Report for NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT)

Reporting relationship: Director
Issuer ticker: NXDT
Reported as of: 17 Apr 2025
Net transaction value: $0
SEC form: 4/A - Amendment
Accepted by SEC: 16 Sep 2025, 17:03:23 UTC
Original report date: 21 Apr 2025
Prior SEC filing: 15 Apr 2025
Next SEC filing: 04 Sep 2025
Source filing: View source filing
Reporting owner signature: /s/ Paul Richards, as attorney-in-fact for Brian Mitts

Key filing fact

Brian Mitts filed Form 4/A - Amendment for NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT) on 16 Sep 2025.

Key facts

This page summarizes Brian Mitts's Form 4/A - Amendment filing for NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 16 Sep 2025, 17:03.

Change

Previous filing in this sequence was filed on 15 Apr 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4/A - Amendment disclosures.

View source filing

Reporting Owners (1)

CIK 0001514845 Primary reporting owner

Mitts Brian

Relationship: Director
Address: 300 CRESCENT COURT, SUITE 700, DALLAS
Signature: /s/ Paul Richards, as attorney-in-fact for Brian Mitts
Signature date: 16 Sep 2025

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NXDT transaction Derivative

Profits LTIP Units

Other

Transaction value
Shares: +4,134
Change %
Price
Shares after: 4,134
Date: 17 Apr 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 4,134
Exercise price
Footnotes: F1, F2, F3, F4

NXDT transaction Derivative

Profits LTIP Units

Other

Transaction value
Shares: +28,936
Change %: +700%
Price
Shares after: 33,072
Date: 17 Apr 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 28,936
Exercise price
Footnotes: F1, F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents LTIP Units in NexPoint Diversified Real Estate Trust Operating Partnership, L.P., a Delaware limited partnership and the OP. Each LTIP Unit can ultimately be redeemed by the reporting person for cash or common shares of the Issuer at the option of the Issuer.

Footnote F2

Acquired pursuant to that certain Agreement and Plan of Merger, dated as of November 22, 2024, by and among the Issuer, OP, and those certain other parties thereto as replacement for previously granted equity interests in one of the target entities, with the exchange rate being equal to the quotient of $0.36 divided by the volume weighted average price of the shares of Common Stock quoted on the New York Stock Exchange for the ten (10) trading days prior to the closing of the merger of NHT Hospitality, Inc. with and into one of the Issuer's wholly owned subsidiaries which equaled $3.7228.

Footnote F3

On April 17, 2025, the reporting person was granted 33,071.85 LTIP Units of which 28,936 were vested immediately as of the grant date. The remaining LTIP Units will vest on December 13, 2025 and are not subject to expiration. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Footnote F4

Subject to adjustment for certain events including stock splits, reverse stock splits, stock dividends and recapitalizations of Issuer.

SEC remarks

On April 21, 2025, the reporting person filed a Form 4 (the "Form") that reported that 24,803.55 Profits LTIP Units ("LTIP Units") in NexPoint Diversified Real Estate Trust Operating Partnership, L.P., a Delaware limited partnership and NexPoint Diversified Real Estate Trust's (the "Issuer") operating partnership (the "OP") were vested immediately as of April 17, 2025, the grant date. This amendment is being filed to correctly state the number of LTIP Units that vested immediately as of the grant date.