Richards Paul 4/A

What Happened
Paul Richards, Chief Financial Officer (also Executive VP‑Finance, Treasurer and Assistant Secretary) of NexPoint Diversified Real Estate Trust (NXDT), had 8,929 restricted share units (RSUs) vest on March 18, 2026. The filing shows 8,929 shares acquired upon vesting and 5,072 shares withheld to cover tax liability at $4.41/share, totaling $22,368. Net increase to Richards’ direct holdings from this event is 3,857 shares (8,929 acquired minus 5,072 withheld).

Key Details

• Transaction dates: RSU vesting (conversion) and withholding occurred on 2026-03-18.
• Acquisition: 8,929 shares acquired upon vesting (reported under derivative conversion code M).
• Tax withholding (code F): 5,072 shares withheld at $4.41 = $22,368 (disposed to satisfy tax liability).
• Net shares added: 3,857 (8,929 − 5,072).
• Each RSU represents a contingent right to one common share of the Company.
• Amendment: This is an amended Form 4 filed 2026-04-07 correcting the originally reported acquired shares (originally misstated as 8,989 on a Form 4 filed Mar 20, 2026).
• Shares owned after transaction: not explicitly stated in the amended filing; net increase from the vesting event was 3,857 shares.

Context

• This transaction reflects RSU vesting with shares withheld for tax withholding (common, routine compensation-related activity), not an open-market purchase or sale signaling a trading decision.
• The original Form 4 reporting the vesting was filed Mar 20, 2026; this Apr 7 filing is an amendment to correct the share count.