Constantino Edward N. 4

What Happened
Edward N. Constantino, a director of NexPoint Diversified Real Estate Trust (NXDT), was granted 7,077 restricted share units (RSUs) on June 2, 2026. The grant price is reported as $0.00 (a derivative award), so no cash was paid. These RSUs are contingent rights that may convert to common shares upon vesting; no immediate sale or purchase of common stock occurred.

Key Details

• Transaction type: Award/Grant (derivative RSUs) — 7,077 RSUs granted on 2026-06-02.
• Price: $0.00 per unit (derivative award).
• Vesting: RSUs vest on June 2, 2027; settlement generally within 30 days of vesting.
• Settlement: May be settled in shares or, at the Compensation Committee’s discretion, in cash.
• Shares owned after transaction: Not specified in the provided filing.
• Filing date: Report filed June 4, 2026 (filed two days after the transaction; within the typical two-business-day Form 4 window).

Context
RSUs are a form of deferred compensation — they do not represent immediate stock purchases or sales. The award indicates an entitlement to receive common shares (or cash) if vesting conditions are met; it should not be read as an immediate market purchase or sale by the director.