KAVANAUGH SCOTT F 4

What Happened

• Scott F. Kavanaugh, a director of NexPoint Diversified Real Estate Trust (NXDT), was granted 7,077 restricted share units (RSUs) on June 2, 2026. The award price reported is $0.00 (these are derivative awards, not an open‑market purchase or sale).
• The RSUs represent a contingent right to receive one common share per unit; there is no immediate cash transaction or change in market holdings reported at grant.

Key Details

• Transaction date: 2026-06-02; Form 4 filed: 2026-06-04 (filing appears timely).
• Grant: 7,077 RSUs; reported acquisition price: $0.00 (award).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 — each RSU converts to one common share upon settlement. F2 — RSUs vest on June 2, 2027; settlement generally occurs within 30 days of vesting and may be paid in cash at the Compensation Committee’s discretion.
• Transaction code: A = Award/Grant (derivative).

Context

• RSU grants are compensation, not market purchases or sales; they create a future right to shares (or cash) if vesting conditions are met and thus are less direct as a signal of immediate insider sentiment.
• If and when the RSUs vest and are settled, that could result in issuance of shares or a cash payment depending on the company’s decision and the Compensation Committee’s discretion.