LAFFER ARTHUR B 4

What Happened
Arthur B. Laffer, a director of NexPoint Diversified Real Estate Trust (NXDT), was granted 7,077 restricted share units (RSUs) on June 2, 2026. The award was reported at $0.00 (no cash paid) and is a derivative award — each RSU represents a contingent right to receive one common share of NXDT when settled.

Key Details

• Transaction date: June 2, 2026; Form 4 filed June 4, 2026 (appears timely).
• Transaction type/code: Award / Grant (A).
• Amount: 7,077 restricted share units @ $0.00 (no immediate cash value reported).
• Vesting/settlement: RSUs vest on June 2, 2027; settlement generally within 30 days of vesting and may be settled in cash at the Compensation Committee’s discretion (per footnotes).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes summarized: F1 — each RSU convertible to one common share; F2 — 7,077 RSUs vest 6/2/2027; settlement timing and potential cash settlement noted.

Context
This was a compensation award (RSUs), not an open‑market purchase or sale. RSU grants reflect vested‑service or compensation arrangements and are not a direct buy/sell signal of the insider’s market view; conversion into actual shares (or cash) will occur only if/when the RSUs vest and are settled.