Sauter Dennis Charles Jr 4

What Happened

• Dennis Charles Sauter Jr., General Counsel and Secretary of NexPoint Diversified Real Estate Trust (NXDT), was granted 9,091 restricted share units (RSUs) on April 2, 2026. The award is recorded as a derivative grant at $0.00 (no cash purchase).
• This is a compensation award (not a market purchase or sale). Each RSU represents a contingent right to receive one common share upon vesting; the grant itself does not immediately transfer shares or generate sale proceeds.

Key Details

• Transaction date: April 2, 2026; Filing date: April 6, 2026 (filed timely under Form 4 rules).
• Grant: 9,091 RSUs; reported price $0.00 (derivative award).
• Vesting schedule: 1/4 on April 2, 2027; 1/4 on Feb 15, 2028; 1/4 on Feb 15, 2029; 1/4 on Feb 15, 2030.
• Settlement: Generally within 10 days of each vesting date; Compensation Committee may elect to settle in cash instead of shares.
• Shares owned after transaction: Not specified in the filing.
• Remark: Reporting person’s role is General Counsel and Secretary.

Context

• RSU grants are a common form of executive compensation intended to retain key employees; they are different from open-market purchases (which can be seen as a bullish signal).
• Because these are contingent units that vest over time and may be paid in cash, they do not immediately change the insider’s voting power or liquid holdings until settled.