Wood Catherine D. 4

What Happened

• Catherine D. Wood, a director of NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT), had 7,813 derivative awards converted/exercised into 7,813 common shares on April 3, 2026. The reported price is $0.00, indicating these were restricted share units (RSUs) settling into shares rather than a market purchase or sale.
• The Form 4 was filed on April 7, 2026 (reporting period April 3, 2026). There is no cash sale reported; total cash value is not stated because the RSUs converted at $0 per share in the filing.

Key Details

• Transaction date: April 3, 2026; Filing date: April 7, 2026 (timely filing).
• Reported shares acquired via conversion/exercise (code M): 7,813 common shares.
• Reported grant/award entry (code A): 7,813 shares at $0.00 (derivative settlement reference).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1—each restricted share unit = contingent right to one common share; F3—these RSUs were granted April 3, 2025 and vested April 3, 2026; settlement generally occurs within 10 days of vesting and may be settled in cash. F2 notes inclusion of elective stock dividends in share counts where applicable.
• Transaction type explanation: M = exercise/conversion of a derivative; A = award/grant/settlement. This appears to be routine RSU vesting/settlement, not an open-market buy or sale.

Context

• RSU conversions are a form of compensation/vesting and do not necessarily indicate a purchase or sale decision by the insider. The filing shows conversion/settlement mechanics and possible future cash settlement per the footnote, but no immediate sale of shares was reported.