Wood Catherine D. 4

What Happened
Catherine D. Wood, a director of NexPoint Diversified Real Estate Trust (NXDT), had 4,830 restricted share units (RSUs) that vested and were converted/exercised on June 10, 2026. The award is recorded at $0.00 per share in the filing; no open-market sale of the resulting shares is reported in this Form 4. The filing does not report a cash value or any immediate sale of shares.

Key Details

• Transaction date: June 10, 2026; Form 4 filed June 12, 2026 (appears timely).
• Reported transactions: exercise/conversion of a derivative (M) for 4,830 shares (acquired) and grant/award acquisition (A) of 4,830 RSUs at $0.00.
• Price / value: Award shown at $0.00 per share; no dollar value or sale proceeds reported.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to receive one common share.
  • F3: The RSUs were granted on June 10, 2025 and vested on June 10, 2026; settlement generally occurs within 10 days of vesting and may be settled in cash at the Compensation Committee’s discretion.
  • F2 notes inclusion of shares from elective stock dividends (contextual, not specific to this grant).

Context
This was a vesting/conversion of RSUs rather than an open-market purchase or sale. That kind of transaction is typically part of compensation and does not by itself indicate a buy or sell decision in the market. Settlement may result in issuance of shares or a cash payment per the company’s compensation rules; no immediate sale or cashless exercise is reported here.