[Form 4] NEXPOINT DIVERSIFIED REAL ESTATE TRUST Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NexPoint Diversified Real Estate Trust director and officer James D. Dondero exercised restricted share units into common shares. On April 3 and 4, 2026, he converted a total of 106,276 restricted share units into 106,276 common shares at a stated price of $0.00 per share.
Following these settlements, his direct holdings increased to 5,808,974.06 common shares. The restricted share units stem from grants of 237,446 units on April 3, 2025 and 187,662 units on April 4, 2023, which vest in four installments, with settlement generally within 10 days of vesting and potentially in cash at the Compensation Committee’s discretion.
The filing also records indirect holdings, including shares held in custodial Uniform Transfers to Minors Act accounts for six of his children and significant positions held by various partnerships, funds and trusts that are ultimately controlled by or associated with him. He may be deemed an indirect beneficial owner of those shares but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
106,276 shares exercised/converted
Mixed
15 txns
Insider
DONDERO JAMES D
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 46,916 | $0.00 | -- |
| Exercise | Common Stock | 46,916 | $0.00 | -- |
| Exercise | Restricted Share Units | 59,360 | $0.00 | -- |
| Exercise | Common Stock | 59,360 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 46,916 shares (Direct);
Common Stock — 5,808,974.06 shares (Direct);
Common Stock — 7,098.869 shares (Indirect, As custodian of UTMA account for child 1)
Footnotes (1)
- Each restricted share unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust. The shares are held for one of Mr. Dondero's children, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which Mr. Dondero serves as custodian. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. 41,733 shares are held by Drugcrafters, L.P. ("Drugcrafters"), 92,230.17 shares are held by PCMG Trading Partners XXIII, L.P., 290,517 shares are held by Governance Re Ltd., 14,962.88 shares are held by Highland Capital Management Services, L.P. ("HCM") and 2,388,118 shares are held by NexPoint Real Estate Advisers X, L.P. (the "Adviser"). Mr. Dondero owns 75% of PCMG Trading Partners XXIII, L.P. ("PCMG") and HCM, and PCMG owns 99% of Drugcrafters. Drugcrafters, PCMG, Governance Re Ltd., HCM and the Adviser are ultimately controlled by Mr. Dondero. Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by such entities. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These shares are held by The Dugaboy Investment Trust of which Mr. Dondero is the beneficiary pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. 1,559,149 shares are held by Highland Opportunities and Income Fund and 671,954 shares are held by Highland Global Allocation Fund (both of which are managed by NexPoint Asset Management, L.P., which is ultimately controlled by Mr. Dondero). Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by such entities. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These shares are held by subsidiaries of The Dugaboy Investment Trust. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. On April 3, 2025, the reporting person was granted 237,446 restricted share units. The restricted share units vested one-fourth on April 3, 2026 and will vest one-fourth on February 15, 2027, one-fourth on February 15, 2028 and one-fourth on February 15, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash. On April 4, 2023, the reporting person was granted 187,662 restricted share units. The restricted share units vested one-fourth on April 4, 2024, one-fourth on April 4, 2025 and one-fourth on April 4, 2026, and will vest one-fourth on April 4, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
Key Figures
RSUs exercised April 3, 2026: 59,360 units / shares
RSUs exercised April 4, 2026: 46,916 units / shares
Total RSUs exercised: 106,276 units / shares
+5 more
8 metrics
RSUs exercised April 3, 2026
59,360 units / shares
Restricted share units converted into common shares at $0.00
RSUs exercised April 4, 2026
46,916 units / shares
Restricted share units converted into common shares at $0.00
Total RSUs exercised
106,276 units / shares
Exercise or conversion of derivative securities reported in Form 4
Direct common shares after transactions
5,808,974.06 shares
Total direct NXDT common stock holding following April 2026 exercises
2025 RSU grant size
237,446 units
Restricted share units granted on April 3, 2025, vesting in four tranches
2023 RSU grant size
187,662 units
Restricted share units granted on April 4, 2023, vesting in four tranches
Indirect UTMA holding example
7,098.8689 shares
Common stock held as custodian of UTMA account for child 1
Indirect fund holding example
1,559,149 shares
Held by Highland Opportunities and Income Fund managed by an entity he controls
Key Terms
restricted share units, Uniform Transfer to Minors Act, pecuniary interest, indirect beneficial owner, +1 more
5 terms
Uniform Transfer to Minors Act financial
"through a custodial account established pursuant to the Uniform Transfer to Minors Act"
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of his pecuniary interest"
indirect beneficial owner financial
"Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by such entities"
employee purchase plan financial
"These shares are held by The Dugaboy Investment Trust of which Mr. Dondero is the beneficiary pursuant to an employee purchase plan"
