Wood Catherine D. 4

What Happened

• Catherine D. Wood, a director of NexPoint Diversified Real Estate Trust (NXDT), received a grant of 3,247 restricted share units (RSUs) on April 2, 2026. The Form 4 reports an acquisition at $0.00 because these are derivative awards (RSUs), not an open‑market purchase.

Key Details

• Transaction date: April 2, 2026; Form 4 filed April 6, 2026 (no late‑filing flag shown).
• Grant: 3,247 restricted share units; acquisition price reported as $0.00 on the Form 4.
• Vesting/settlement: RSUs vest on April 2, 2027 and will generally be settled within 30 days of vesting; the Compensation Committee may elect to settle in cash (see footnotes).
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1—each RSU represents a contingent right to one common share; F2—details on vesting and potential cash settlement.

Context

• RSU grants are a form of compensation/retention for executives and directors and do not involve an immediate cash purchase or sale of shares. The economic value will depend on NXDT’s share price at settlement or the Committee’s decision to pay cash. This filing documents the award rather than an open‑market transaction.