LAFFER ARTHUR B 4

What Happened

• Arthur B. Laffer, a director of NexPoint Diversified Real Estate Trust (NXDT), reported the vesting and conversion of 7,813 restricted share units (RSUs) on April 3, 2026. The RSUs converted into common shares; 3,906 of those shares were surrendered to the issuer (likely for tax withholding/settlement), leaving a net of about 3,907 shares retained. The RSUs show a $0.00 exercise price (typical for RSU settlements) and no market value is reported on the Form 4.

Key Details

• Transaction date: April 3, 2026.
• Primary actions reported: conversion/exercise of 7,813 RSUs (code M) and disposition to issuer of 3,906 shares (code D).
• Reported price: $0.00 for the derivative conversion (typical for RSU settlements); no sale price or market value reported on the Form 4.
• Net shares retained (based on reported lines): 7,813 vested − 3,906 surrendered = ~3,907 shares retained.
• Shares held indirectly: reporting person holds shares indirectly through an LLC (footnote F4).
• Relevant footnotes: F1 defines each RSU as a right to one common share; F3 notes part of the RSU grant vested and settled in cash; F5 confirms the 7,813 RSUs were granted 4/3/2025 and vested 4/3/2026; F2 references elective stock dividends.
• Filing timeliness: no late-filing flag is indicated in the provided data.

Context

• These transactions reflect RSU vesting/settlement (compensation), not an open-market purchase or a discretionary sale. A portion of vested RSUs is often surrendered or settled in cash to cover taxes—here 3,906 shares were surrendered to the issuer. Such compensation-driven conversions are routine and should not be read as a direct buy/sell signal about the insider’s view of the company.