X0508 4 2023-08-17 0001356115 NEXPOINT DIVERSIFIED REAL ESTATE TRUST NXDT 0001218975 KAVANAUGH SCOTT F 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 0 Common Stock 2023-08-17 4 S 0 1131 10.615 D 0 D Common Stock 40000 I By Benefit Plan These shares are held in a defined benefit plan for the benefit of the reporting person. /s/ Brian Mitts, as attorney-in-fact for Scott Kavanaugh 2023-08-17