McGraner Matt 4

What Happened

• Matt McGraner, Executive Vice President and Chief Investment Officer of NexPoint Diversified Real Estate Trust (NXDT), received shares from vested restricted share units (RSUs). Across three vesting/settlement events he was credited with 177,610 shares (73,125 on 2026-03-18; 59,360 on 2026-04-03; 45,125 on 2026-04-04).
• To cover tax withholding, a total of 59,686 shares were surrendered/withheld (27,821 on 3/18 at $4.41 for $122,691; 16,412 on 4/03 at $4.43 for $72,705; 15,453 on 4/04 at $4.43 for $68,457), for aggregate withholding proceeds of $263,853. Net new shares received by McGraner = 117,924.

Key Details

• Transaction types: M = conversion/exercise of RSUs into common shares; F = shares withheld to satisfy tax withholding.
• Dates and amounts:
  • 2026-03-18: +73,125 shares vested; 27,821 shares withheld @ $4.41 = $122,691.
  • 2026-04-03: +59,360 shares vested; 16,412 shares withheld @ $4.43 = $72,705.
  • 2026-04-04: +45,125 shares vested; 15,453 shares withheld @ $4.43 = $68,457.
• Net effect: 177,610 gross shares issued → 59,686 shares withheld → 117,924 shares added to holdings.
• Footnotes: F1 confirms each restricted share unit equals one common share. F4–F6 detail original RSU grants and vesting schedules; F3 notes some shares are held indirectly in a family trust (reporting person disclaims beneficial ownership except for pecuniary interest).
• Timeliness: The filing was submitted 2026-04-07. The 3/18 vesting appears to have been reported late (filed after the two-business-day window); the 4/03–4/04 items were reported by 4/07 and appear timely.

Context

• These were RSU vesting/settlement events, not open-market purchases or discretionary sales. The withheld shares represent tax withholding (a common, routine practice) rather than a market-sale decision.
• The derivative entries showing $0 value reflect conversion/settlement of RSUs (no cash exercise price). This is effectively a cashless settlement where some vested shares are retained to cover taxes.