NORRIS DUSTIN DAVID 4

What Happened
Dustin David Norris, Executive Vice President of NexPoint Diversified Real Estate Trust (NXDT), bought 53,663 common shares in open-market transactions on May 20, 2026. The weighted-average price was $4.90 per share, for a total reported cost of $262,949. This filing reports a direct purchase (transaction code P), which is an acquisition rather than a sale.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (filed within the typical two-business-day window).
• Shares purchased: 53,663 at a weighted-average price of $4.90; total reported value: $262,949.
• Price range: purchases executed at prices between $4.86 and $4.90 (footnote indicates multiple trades; weighted average reported).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 explains the weighted-average price and availability of per-trade price details on request; F2 notes that reported holdings may include shares received from an elective stock dividend.
• Transaction code: P = Purchase (open market/private purchase).

Context
Open-market purchases by executives are straightforward acquisitions of company stock and are often watched by investors as a possible sign of confidence, but they do not, on their own, prove intent. This filing reflects a routine reported purchase; no option exercises, awards, gifts, or tax-withholding events are indicated.