X0609 4 2026-04-03 0001356115 NEXPOINT DIVERSIFIED REAL ESTATE TRUST NXDT 0002034963 Richards Paul false 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 1 See Remarks 0 Common Stock 2026-04-03 4 M 0 9768 A 138003 D Common Stock 2026-04-03 4 F 0 4952 4.43 D 133051 D Common Stock 2026-04-04 4 M 0 5597 A 138648 D Common Stock 2026-04-04 4 F 0 3514 4.43 D 135134 D Restricted Share Units 2026-04-03 4 M 0 9768 0 D Common Shares 9768 29301 D Restricted Share Units 2026-04-04 4 M 0 5597 0 D Common Shares 5597 5597 D Each restricted share 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 39,069 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 22,388 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. Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary /s/ Paul Richards 2026-04-07