NORRIS DUSTIN DAVID 4

What Happened Dustin David Norris, Executive Vice President of NexPoint Diversified Real Estate Trust (NXDT), had restricted share units (RSUs) convert to common shares on April 3 and April 4, 2026. A total of 24,158 shares were issued on conversion (11,720 on 4/3 and 12,438 on 4/4). To cover tax withholding obligations, 3,558 shares were surrendered on 4/3 and 4,918 shares on 4/4 at a withholding value of $4.43 per share, totaling approximately $37,549. The conversion/settlement entries are reported as derivative-to-common-share conversions.

Key Details

• Transaction dates: April 3, 2026 (11,720 shares converted; 3,558 withheld) and April 4, 2026 (12,438 shares converted; 4,918 withheld).
• Withholding price: $4.43 per share; total cash value withheld ≈ $37,549.
• Shares owned after transaction: not stated in the filing.
• Footnotes: These transactions relate to previously granted RSUs (grants on 4/3/2025 of 46,883 RSUs and on 4/4/2023 of 49,751 RSUs) with scheduled vesting; settlement generally occurs within 10 days of vesting and may be settled in cash at the Compensation Committee’s discretion.
• Filing: Report filed 2026-04-07 for events on 2026-04-03/04; filing appears to be timely under Section 16 reporting rules.

Context These entries reflect RSU vesting and routine tax-withholding (share surrender) rather than an open-market sale for cash. For retail investors, such withholding transactions are common administrative actions and don't necessarily indicate insider sentiment about the company’s stock. The “M” codes indicate conversion/exercise of derivative awards (RSUs) and the “F” codes indicate payment of tax liability via share withholding.