McGraner Matt 4

What Happened
Matt McGraner, Executive Vice President and Chief Investment Officer of NexPoint Diversified Real Estate Trust (NXDT), had 36,692 restricted share units vest and convert into common shares on June 10, 2026. To cover tax withholding related to the settlement, 15,849 shares were surrendered/withheld at $5.07 per share for proceeds of $80,354. An additional 6,036 shares are reported as a derivative conversion/disposition with $0 cash proceeds as part of the settlement mechanics.

Key Details

• Transaction date: June 10, 2026.
• Primary event: 36,692 restricted share units vested and were converted to common shares (reporting code M).
• Tax withholding: 15,849 shares withheld/disposed at $5.07/share = $80,354 (reporting code F).
• Additional reported disposition: 6,036 shares listed as derivative conversion/disposition at $0.
• Shares owned after transaction: not specified in this filing.
• Relevant footnotes: RSUs represent contingent rights to one common share each; the RSU grant was 146,768 units granted June 10, 2025 with one-fourth vesting on June 10, 2026 and remaining installments through 2029; settlement generally occurs within 10 days and may be cash at the Compensation Committee’s discretion. The reporting person holds some shares indirectly through a family trust and disclaims beneficial ownership except for pecuniary interest.
• Filing timeliness: no late-filing flag noted.

Context
This was primarily a vesting/settlement of restricted share units (an award), not an open-market buy or sale driven by trading intent. The withholding of shares to cover taxes is a routine settlement mechanic (common in RSU vestings) and does not necessarily indicate a buy/sell signal about the insider’s view of the stock. Reporting code M denotes conversion/exercise of a derivative (here, RSU settlement); code F denotes shares withheld to satisfy tax obligations.