4//SEC Filing
DONDERO JAMES D 4
Accession 0001437749-25-012572
CIK 0001356115other
Filed
Apr 20, 8:00 PM ET
Accepted
Apr 21, 6:36 PM ET
Size
22.8 KB
Accession
0001437749-25-012572
Insider Transaction Report
Form 4
DONDERO JAMES D
DirectorSee Remarks10% Owner
Transactions
- Other
Profits LTIP Units
2025-04-17+42,992.82→ 57,323.76 total→ Common Shares (42,992.82 underlying) - Other
Common Stock
2025-04-17+354,133→ 737,610 total(indirect: See Footnote) - Other
Common Stock
2025-04-17+76,079→ 1,748,565.43 total(indirect: See Footnote) - Other
Profits LTIP Units
2025-04-17+14,330.94→ 14,330.94 total→ Common Shares (14,330.94 underlying) - Other
Common Stock
2025-04-17+14,958→ 2,065,241 total(indirect: See Footnote)
Holdings
- 4,429.5(indirect: By Children)
Common Stock
- 6,240.3(indirect: By Children)
Common Stock
- 6,226.25(indirect: By Children)
Common Stock
- 75,357.931(indirect: By employee benefit plan)
Common Stock
- 4,883,822.949
Common Stock
- 4,628.93(indirect: By Children)
Common Stock
- 566,929(indirect: See Footnote)
Common Stock
- 6,240.31(indirect: By Children)
Common Stock
- 6,240.31(indirect: By Children)
Common Stock
Footnotes (9)
- [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.
- [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.
- [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.
- [F5]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.
- [F6]These shares are held by subsidiaries of The Dugaboy Investment Trust. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [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.
- [F9]Subject to adjustment for certain events including stock splits, reverse stock splits, stock dividends and recapitalizations of Issuer.
Documents
Issuer
NEXPOINT DIVERSIFIED REAL ESTATE TRUST
CIK 0001356115
Entity typeother
Related Parties
1- filerCIK 0001228922
Filing Metadata
- Form type
- 4
- Filed
- Apr 20, 8:00 PM ET
- Accepted
- Apr 21, 6:36 PM ET
- Size
- 22.8 KB