Mitts Brian 4

What Happened

• Brian Mitts, a director of NexPoint Diversified Real Estate Trust (NXDT), had 5,357 restricted share units (RSUs) convert/vest on March 18, 2026. The filing shows 1,200 shares were withheld to cover tax liability (priced at $4.41 per share, totaling $5,292) and 804 shares were surrendered to the issuer. The remaining 5,357 − 1,200 − 804 = 3,353 shares appear to have been delivered to Mitts.

Key Details

• Transaction date: March 18, 2026. Form filed March 24, 2026 (filed late relative to the typical 2-business-day Form 4 deadline).
• Converted/vested: 5,357 RSUs (reported as exercise/conversion of derivative, code M).
• Shares withheld for taxes: 1,200 shares @ $4.41 = $5,292 (code F).
• Shares surrendered to issuer: 804 shares (code D).
• Net shares delivered to insider: ~3,353 shares (computed from reported numbers; filing does not state an aggregate post-transaction holding).
• Notable footnotes:
  • F1: Each restricted share unit represents a contingent right to one common share.
  • F3–F4: These RSUs were part of a grant made March 18, 2024 that vests in annual quarters; the portion that vested on March 18, 2026 is referenced and may have included cash settlement in part.
  • F2 notes inclusion of shares from an elective stock dividend in other reporting.
• Filing timeliness: Late filing (transaction 3/18/2026; Form 4 filed 3/24/2026).

Context

• This was a vesting/settlement of RSUs rather than an open-market purchase or sale driven by market timing. The withholding and surrender of shares are routine actions to satisfy tax and issuer requirements (a common outcome when RSUs vest). The form indicates a mix of share issuance and potential cash settlement as described in the footnotes; this does not, by itself, signal management intent to buy or sell additional stock.