X0508 4 2025-04-03 0001356115 NEXPOINT DIVERSIFIED REAL ESTATE TRUST NXDT 0001941224 Swain Carol 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 0 Restricted Shares Units 2025-04-03 4 A 0 7813 0 A Common Shares 7813 7813 D Each restricted shares unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust. On April 3, 2025, the reporting person was granted 7,813 restricted shares units which will vest on April 3, 2026. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash. /s/ Paul Richards as attorney-in-fact for Carol Swain 2025-04-07