Form 4 for NXDT NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Accepted 2024-10-09 00:00:00 ET · period of report 2022-01-19 · accession 0001437749-24-030959 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2024-10-09 | 2022-01-19+ | NXDT | DONDERO JAMES D | See Remarks, Dir, 10% | P - Purchase | $13.98 | +11.1K | 5,820 | New | +$155.1K |
| MI | 2024-10-09 | 2024-10-07 | NXDT | DONDERO JAMES D | See Remarks, Dir, 10% | A - Grant | — | +250.4K | 1.18M | +27% | — |
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 | 2022-08-30 | P | A | 1,000 | $15.73 | 4,141.34 | I As custodian of UTMA account for child 5 | — | — | (F1) Includes shares received pursuant to an elective stock dividend paid on the Company's common shares on September 30, 2024. (F2) The shares are held for one of Mr. Dondero's children, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which Mr. Dondero serves as custodian. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
| 2 | Common | Common Stock | 2024-10-07 | A | A | 80,929.60 | — | 1,348,950.62 | I See Footnote | — | — | (F6) Under the terms of the Advisory Agreement, the Adviser receives payment for a portion of its monthly fees under the Advisory Agreement in common shares of the Company. Such common shares received as payment are valued at the VWAP of the shares for the 10 trading days prior to the end of the month for which such fees will be paid. The Company issued 80,929.6 common shares to the Adviser as payment of its fees for the month of September at a VWAP of $6.2507 per share. (F1) Includes shares received pursuant to an elective stock dividend paid on the Company's common shares on September 30, 2024. (F2) The shares are held for one of Mr. Dondero's children, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which Mr. Dondero serves as custodian. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
| 3 | Common | Common Stock | 2024-10-07 | A | A | 90,502.15 | — | 1,268,021.02 | I See Footnote | — | — | (F5) Under the terms of the Advisory Agreement, the Adviser receives payment for a portion of its monthly fees under the Advisory Agreement in common shares of the Company. Such common shares received as payment are valued at the VWAP of the shares for the 10 trading days prior to the end of the month for which such fees will be paid. The Company issued 90,502.15 common shares to the Adviser as payment of its fees for the month of August at a VWAP of $5.7060 per share. (F2) The shares are held for one of Mr. Dondero's children, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which Mr. Dondero serves as custodian. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
| 4 | Common | Common Stock | 2024-10-07 | A | A | 78,922.05 | — | 1,177,518.87 | I See Footnote | — | — | (F3) Under the terms of the Advisory Agreement, dated July 1, 2022, by and between NexPoint Diversified Real Estate Trust (the "Company") and NexPoint Real Estate Advisers X, L.P. (the "Adviser"), as amended by that First Amendment to Advisory Agreement dated October 25, 2022, as amended by that Second Amendment to Advisory Agreement, dated April 11, 2023 and as amended by that Third Amendment to Advisory Agreement dated July 22, 2024 (the "Advisory Agreement"), the Adviser receives payment for a portion of its monthly fees under the Advisory Agreement in common shares of the Company. Such common shares received as payment are valued at the volume-weighted average price ("VWAP") of the shares for the 10 trading days prior to the end of the month for which such fees will be paid. The Company issued 78,922.05 common shares to the Adviser as payment of its fees for the month of July at a VWAP of $6.4097 per share. (F4) 35,144 shares are held by Drugcrafters, L.P. ("Drugcrafters"), 75,732 shares are held by PCMG Trading Partners XXIII, L.P., 190,810 shares are held by Governance Re Ltd. and 1,047,264.62 shares (following the transactions described herein) are held by the Adviser. Mr. Dondero owns 75% of PCMG Trading Partners XXIII, L.P. ("PCMG") and PCMG owns 99% of Drugcrafters. Drugcrafters, PCMG, Governance Re Ltd. and the Adviser are 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. |
| 5 | Common | Common Stock | 2022-01-19 | P | A | 2,240 | $13.82 | 5,833.53 | I As custodian of UTMA account for child 6 | — | — | (F1) Includes shares received pursuant to an elective stock dividend paid on the Company's common shares on September 30, 2024. (F2) The shares are held for one of Mr. Dondero's children, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which Mr. Dondero serves as custodian. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
| 6 | Common | Common Stock | 2022-01-26 | P | A | 1,150 | $13.70 | 4,327.71 | I As custodian of UTMA account for child 4 | — | — | (F1) Includes shares received pursuant to an elective stock dividend paid on the Company's common shares on September 30, 2024. (F2) The shares are held for one of Mr. Dondero's children, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which Mr. Dondero serves as custodian. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
| 7 | Common | Common Stock | 2022-01-19 | P | A | 2,240 | $13.82 | 5,833.53 | I As custodian of UTMA account for child 3 | — | — | (F1) Includes shares received pursuant to an elective stock dividend paid on the Company's common shares on September 30, 2024. (F2) The shares are held for one of Mr. Dondero's children, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which Mr. Dondero serves as custodian. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
| 8 | Common | Common Stock | 2022-01-19 | P | A | 2,240 | $13.81 | 5,833.52 | I As custodian of UTMA account for child 1 | — | — | (F1) Includes shares received pursuant to an elective stock dividend paid on the Company's common shares on September 30, 2024. (F2) The shares are held for one of Mr. Dondero's children, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which Mr. Dondero serves as custodian. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
| 9 | Common | Common Stock | 2022-01-19 | P | A | 2,230 | $13.81 | 5,820.39 | I As custodian of UTMA account for child 2 | — | — | (F1) Includes shares received pursuant to an elective stock dividend paid on the Company's common shares on September 30, 2024. (F2) The shares are held for one of Mr. Dondero's children, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which Mr. Dondero serves as custodian. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |