DONDERO JAMES D 4

What Happened James Dondero, President of NexPoint Diversified Real Estate Trust (NXDT) and a reported 10% owner, was granted 245,415 restricted share units (RSUs) on June 2, 2026. The Form 4 reports the award as a derivative acquisition at $0.00 (no cash paid). The filing lists the transaction code as an award/grant (A); the reported dollar amount for the grant on the form is $0.00 because these are contingent RSUs, not an open-market purchase.

Key Details

• Transaction date: June 2, 2026; Form 4 filed June 4, 2026 (appears timely).
• Award: 245,415 restricted share units (RSUs); reported acquisition price $0.00 (derivative).
• Vesting schedule (per footnote): 1/4 vests on June 2, 2027; then 1/4 on Feb 15 of 2028, 2029, and 2030.
• Settlement: generally within 10 days of vesting; Compensation Committee may elect to settle in cash.
• Shares owned after transaction: not disclosed in this filing.
• Remarks on Form 4: President.

Context Restricted share units are a form of compensation that represent a contingent right to receive common shares (or cash) on vesting. This award does not involve an immediate cash purchase or sale and should be viewed as a compensation grant rather than an outright market buy or sell. As a 10% owner and company officer, Dondero’s grant reflects internal compensation arrangements rather than a simple personal investment decision.