Form 4 for NXDT NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Accepted 2022-11-30 00:00:00 ET · period of report 2022-11-28 · accession 0001437749-22-028219 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2022-11-30 | 2022-11-28 | NXDT | DONDERO JAMES D | See Remarks, Dir, 10% | P - Purchase | $13.83 | +118.7K | 1.83M | +7% | +$1.64M |
| I | 2022-11-30 | 2022-11-28 | NXDT | DONDERO JAMES D | See Remarks, Dir, 10% | S - Sale | $13.83 | -118.7K | 1.71M | -7% | -$1.64M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-11-28 | P | A | 118,673 | $13.83 | 1,825,479 | I See Footnote | — | — | (F1) On November 28, 2022, NexPoint Climate Tech Fund (f/k/a/ Highland Small-Cap Equity Fund) sold 118,673 shares to Highland Income Fund (the "Trade"). Following the Trade, 0 shares are held by NexPoint Climate Tech Fund, 1,275,616 shares are held by Highland Income Fund and 549,863 shares are held by Highland Global Allocation Fund. These entities are managed by NexPoint Asset Management, L.P. (f/k/a Highland Capital Management Fund Advisers), which is 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. The Trade was matchable under Section 16(b) of the Securities Exchange Act of 1934. The Reporting Person disgorged $2,743.03 to NexPoint Diversified Real Estate Trust, representing the full amount of his pecuniary interest in the deemed profit realized in connection with the short-swing transaction. |
| 2 | Common | Common Stock | 2022-11-28 | S | D | 118,673 | $13.83 | 1,706,806 | I See Footnote | — | — | (F1) On November 28, 2022, NexPoint Climate Tech Fund (f/k/a/ Highland Small-Cap Equity Fund) sold 118,673 shares to Highland Income Fund (the "Trade"). Following the Trade, 0 shares are held by NexPoint Climate Tech Fund, 1,275,616 shares are held by Highland Income Fund and 549,863 shares are held by Highland Global Allocation Fund. These entities are managed by NexPoint Asset Management, L.P. (f/k/a Highland Capital Management Fund Advisers), which is 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. The Trade was matchable under Section 16(b) of the Securities Exchange Act of 1934. The Reporting Person disgorged $2,743.03 to NexPoint Diversified Real Estate Trust, representing the full amount of his pecuniary interest in the deemed profit realized in connection with the short-swing transaction. |