X0609 4 2026-06-10 0001356115 NEXPOINT DIVERSIFIED REAL ESTATE TRUST NXDT 0001090307 LAFFER ARTHUR B false 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 0 Common Stock 2026-06-10 4 M 0 4830 A 133465.521 D Common Stock 123023 I By limited liability company Restricted Share Units 2026-06-10 4 M 0 4830 0 D Common Shares 4830 0 D Each restricted shares unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust (the "Company"). Includes shares received pursuant to elective stock dividends paid on the Company's common shares. The reporting person holds these shares indirectly through a limited liability company which the reporting person controls. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. On June 10, 2025, the reporting person was granted 4,830 restricted share units which vested on June 10, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash. /s/ Paul Richards, as attorney-in-fact for Arthur Laffer 2026-06-12