X0609 4 2026-03-18 0001356115 NEXPOINT DIVERSIFIED REAL ESTATE TRUST NXDT 0001636187 McGraner Matt false 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 See Remarks 0 Common Stock 2026-03-18 4 M 0 73125 A 263836.8675 D Common Stock 2026-03-18 4 F 0 27821 4.41 D 236015.8675 D Common Stock 2026-04-03 4 M 0 59360 A 295375.8675 D Common Stock 2026-04-03 4 F 0 16412 4.43 D 278963.8675 D Common Stock 2026-04-04 4 M 0 45125 A 324088.8675 D Common Stock 2026-04-04 4 F 0 15453 4.43 D 308635.8675 D Common Stock 2127 I See Footnote Common Stock 965.9183 I By 401(k) Plan Restricted Share Units 2026-03-18 4 M 0 73125 0 D Common Shares 73125 146250 D Restricted Share Units 2026-04-03 4 M 0 59360 0 D Common Shares 59360 178086 D Restricted Share Units 2026-04-04 4 M 0 45125 0 D Common Shares 45125 45125 D Each restricted shares unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust. Includes shares received pursuant to elective stock dividends paid on the Company's common shares. The reporting person holds these shares indirectly through a trust for the benefit of certain of the reporting person's family members. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. On March 18, 2024, the reporting person was granted 292,500 restricted shares units. The restricted shares units vested one-fourth on March 18, 2025 and one-fourth on March 18, 2026, and will vest one-fourth on March 18, 2027 and one-fourth on March 18, 2028. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash. 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 180,498 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. Executive VP and Chief Investment Officer /s/ Paul Richards, as attorney-in-fact for Matt McGraner 2026-04-07