X0306 4 2022-03-07 0001356115 NEXPOINT DIVERSIFIED REAL ESTATE TRUST NXDT 0001228922 DONDERO JAMES D 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 1 See Remarks Common Stock 2022-03-07 4 P 0 10300 14.16 A 3035856 I See Footnote Common Stock 2022-03-08 4 P 0 31585 14 A 3067441 I See Footnote Common Stock 2062963.12 I See Footnote Common Stock 509462 I See Footnote Common Stock 59583.82 I By employee benefit plan Common Stock 73778.96 D These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares. These shares are held by certain entities 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. Includes shares acquired under the issuer's dividend reinvestment plan. President and Principal Executive Officer /s/ James D. Dondero 2022-03-09