4//SEC Filing
Sauter Dennis Charles Jr 4
Accession 0001437749-25-012575
CIK 0001356115other
Filed
Apr 20, 8:00 PM ET
Accepted
Apr 21, 6:40 PM ET
Size
11.5 KB
Accession
0001437749-25-012575
Insider Transaction Report
Form 4
Sauter Dennis Charles Jr
See Remarks
Transactions
- Other
Common Stock
2025-04-17+6,367→ 6,367 total(indirect: See Footnote) - Other
Profits LTIP Units
2025-04-17+5,439.375→ 7,252.5 total→ Common Shares (5,439.375 underlying) - Other
Profits LTIP Units
2025-04-17+1,813.125→ 1,813.125 total→ Common Shares (1,813.125 underlying)
Holdings
- 5,072
Common Stock
Footnotes (5)
- [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"), the Issuer's operating partnership (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]The reporting person holds these shares indirectly through a limited partnership the reporting person controls. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F3]Represents Profits LTIP Units ("LTIP Units") in the OP . Each LTIP Units can ultimately be redeemed by the reporting person for cash or common shares of the Issuer at the option of the Issuer.
- [F4]On April 17, 2025, the reporting person was granted 7,252.5 LTIP Units of which 5,439.375 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.
- [F5]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 0001803863
Filing Metadata
- Form type
- 4
- Filed
- Apr 20, 8:00 PM ET
- Accepted
- Apr 21, 6:40 PM ET
- Size
- 11.5 KB