Constantino Edward N. 4

What Happened

• Edward N. Constantino, a director of NexPoint Diversified Real Estate Trust (NXDT), reported the vesting/settlement of 4,830 restricted share units (RSUs) on June 10, 2026.
• The filing shows an exercise/conversion of 4,830 derivative units and a disposition of 2,415 shares to the issuer; a derivative disposition line lists 4,830 shares at $0.00, and the filing notes the vested award was settled in cash. No cash sale proceeds or market purchase price are reported.

Key Details

• Transaction date: June 10, 2026.
• Reported transactions: conversion/exercise of 4,830 RSU-equivalent derivatives; 2,415 shares disposed to issuer; a derivative disposition of 4,830 shares at $0.00 (reflecting cash settlement).
• Price: no market price reported (N/A) for acquisition; derivative disposition recorded at $0.00; filing indicates settlement in cash.
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1–F4 explain these were restricted share units (one RSU = contingent right to one share), the grant was made June 10, 2025 for 4,830 RSUs that vested June 10, 2026, and the vested portion was settled in cash (settlement generally occurs within 10 days and may be cash at the Compensation Committee’s discretion).
• Filing timeliness: filed June 12, 2026 for a June 10 transaction (appears timely under standard two-business-day SEC rules).

Context

• These entries reflect RSU vesting and cash settlement rather than an open‑market buy or sale. The disposition to the issuer is typically part of the settlement/withholding process (the filing records the shares surrendered to the issuer).
• For retail investors: RSU vesting is common compensation; cash settlement means no new tradable shares were necessarily added to the insider’s public holding position. This filing is informational and does not by itself indicate a change in the director’s market view.