InsiderTrades

Form 4 for NXDT NEXPOINT DIVERSIFIED REAL ESTATE TRUST

Accepted 2025-04-21 00:00:00 ET · period of report 2025-04-17 · accession 0001437749-25-012572 · 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
DMI 2025-04-21 2025-04-17 NXDT DONDERO JAMES D See Remarks, Dir, 10% J - Other — +445.2K 2.07M +27% —
DM 2025-04-21 2025-04-17 NXDT DONDERO JAMES D See Remarks, Dir, 10% J - Other $0.00 +57.3K 57.3K New $0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2025-04-17 J A 354,133 — 737,610 I See Footnote — — (F1) Acquired pursuant to that certain Agreement and Plan of Merger, dated as of November 22, 2024, by and among NexPoint Diversified Real Estate Trust (the "Issuer"), NexPoint Diversified Real Estate Trust Operating Partnership, L.P. (the "OP"), and those certain other parties thereto, 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. (F2) These shares are held by The Dugaboy Investment Trust of which Mr. Dondero is the beneficiary pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
2 Common Common Stock 2025-04-17 J A 76,079 — 1,748,565.43 I See Footnote — — (F1) Acquired pursuant to that certain Agreement and Plan of Merger, dated as of November 22, 2024, by and among NexPoint Diversified Real Estate Trust (the "Issuer"), NexPoint Diversified Real Estate Trust Operating Partnership, L.P. (the "OP"), and those certain other parties thereto, 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. (F3) Following the transactions disclosed herein, 35,935 shares are held by Drugcrafters, L.P. ("Drugcrafters"), 81,039.19 shares are held by PCMG Trading Partners XXIII, L.P., 269,139 shares are held by Governance Re Ltd., 5,920 shares are held by NexPoint Real Estate Advisors, L.P. and 1,356,532.24 shares are held by NexPoint Real Estate Advisers X, L.P. (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.
3 Common Common Stock 2025-04-17 J A 14,958 — 2,065,241 I See Footnote — — (F1) Acquired pursuant to that certain Agreement and Plan of Merger, dated as of November 22, 2024, by and among NexPoint Diversified Real Estate Trust (the "Issuer"), NexPoint Diversified Real Estate Trust Operating Partnership, L.P. (the "OP"), and those certain other parties thereto, 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. (F4) Following the transactions disclosed herein, 1,444,014 shares are held by Highland Opportunities and Income Fund, 606,269 shares are held by Highland Global Allocation Fund (both of which are managed by NexPoint Asset Management, L.P. ("NexPoint Asset Management"), which is ultimately controlled by Mr. Dondero) and 14,958 shares are held by NexPoint Asset Management, L.P. 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.
4 Derivative Profits LTIP Units 2025-04-17 J A 14,330.94 $0.00 14,330.94 D — · — to — 14,330.94 Common Shares (F7) Represents Profits LTIP Units ("LTIP Units") in 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. (F8) On April 17, 2025, the reporting person was granted 57,323.76 LTIP Units of which 42,992.82 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.
5 Derivative Profits LTIP Units 2025-04-17 J A 42,992.82 $0.00 57,323.76 D — · — to — 42,992.82 Common Shares (F7) Represents Profits LTIP Units ("LTIP Units") in 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. (F8) On April 17, 2025, the reporting person was granted 57,323.76 LTIP Units of which 42,992.82 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.