X0609 4 2026-06-10 0001356115 NEXPOINT DIVERSIFIED REAL ESTATE TRUST NXDT 0001941224 Swain Carol false 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 0 Common Stock 2026-06-10 4 M 0 4830 A 30611.6308 D Common Stock 2026-06-10 4 D 0 2415 D 28196.6308 D Restricted Share Units 2026-06-10 4 M 0 4830 0 D Common Shares 4830 0 D Each restricted share 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. Represents the portion of previously reported restricted share unit grant that vested on June 10, 2026 and settled in cash. 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 Carol Swain 2026-06-12