DONDERO JAMES D 4

What Happened

• James D. Dondero, President and a 10% owner of NexPoint Diversified Real Estate Trust (NXDT), was granted 112,594 restricted share units (RSUs) on April 2, 2026. The award was reported as an acquisition (derivative) at $0.00 per RSU — i.e., a grant rather than an open-market purchase or sale. Each RSU represents a contingent right to receive one common share upon settlement.

Key Details

• Transaction date: April 2, 2026. Filing date: April 6, 2026 (appears timely under Form 4 two-business-day rule).
• Instrument: 112,594 restricted share units (derivative award); reported price $0.00 (grant).
• Vesting/settlement: 1/4 vests April 2, 2027; then 1/4 on Feb 15, 2028; 1/4 on Feb 15, 2029; and 1/4 on Feb 15, 2030. Settlement generally within 10 days of vesting and may be cash-settled at the Compensation Committee’s discretion. (Footnotes from filing.)
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant; Remark: President. Reporting person is a 10% owner (large insider).

Context

• This was an equity compensation grant (RSUs), not a buy or sell that reflects immediate market sentiment. RSUs convert to shares only upon vesting/settlement, so the grant increases potential future dilution rather than current share count. As a 10% owner and company officer, Dondero’s grant is typical executive compensation disclosure rather than an open-market investment decision.