Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1585

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1585
---
                |     |          13,504 |     | 4/4/25                 |     |          11,033 |

VineBrook Homes Trust, Inc. Awards:

| Initial Grant Date |     | Total Awards Vesting on the Separation Date |     | First Settlement Date |     | Amount Settling |     | Second Settlement Date |     | Amount Settling |
| 5/11/20            |     |                                         899 |     | 2/20/24               |     |             899 |     |                        |     |                 |
| 2/15/21            |     |                                       1,566 |     | 2/18/24               |     |             862 |     | 2/18/25                |     |             704 |
| 2/17/22            |     |                                       1,048 |     | 2/17/24               |     |             577 |     | 2/17/25                |     |             471 |
| 4/11/23            |     |                                         765 |     | 4/11/24               |     |             421 |     | 4/11/25                |     |             344 |

<div align='center'>I-1262</div>

Forfeited RSU Awards

The following restricted stock unit awards granted pursuant to the following award agreements, each as amended, shall immediately be forfeited and cancelled on the Separation Date.

154 RSU Awards granted pursuant to the NexPoint Residential Trust, Inc. Restricted Stock Units Agreement, dated as of February 20, 2020

107 RSU Awards granted pursuant to the NexPoint Residential Trust, Inc. Restricted Stock Units Agreement, dated as of May 11, 2020

1,214 RSU Awards granted pursuant to the NexPoint Residential Trust, Inc. Restricted Stock Units Agreement, dated as of February 18, 2021

1,675 RSU Awards granted pursuant to the NexPoint Residential Trust, Inc. Restricted Stock Units Agreement, dated as of February 17, 2022

4,326 RSU Awards granted pursuant to the NexPoint Residential Trust, Inc. Restricted Stock Units Agreement, dated as of March 28, 2023

13,576 RSU Awards granted pursuant to the NexPoint Diversified Real Estate Trust, Form of Restricted Shares Units Agreement, dated as of April 4, 202