NexPoint Diversified Real Estate Trust Executive Officer Stock Transactions and RSU Vesting

This Form 4 filing reports equity transactions by Dustin Norris, Executive Vice President of NexPoint Diversified Real Estate Trust (NXDT), during April 3-4, 2026. The filing shows the vesting and settlement of restricted share units (RSUs) from two separate grants. On April 3, 2026, 11,720 RSUs from a 2025 grant vested and were settled into common stock, while 3,558 shares were sold at $4.43 per share. On April 4, 2026, 12,438 RSUs from a 2023 grant vested and were settled into common stock, with 4,918 shares sold at $4.43 per share. Following these transactions, Norris holds 793,002.07 common shares directly and 82,414.16 shares indirectly through a 401(k) plan. The RSUs represent contingent rights to receive common shares, with settlement typically occurring within 10 days of vesting and potentially in cash at the Compensation Committee's discretion.