Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 78

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 78
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) |           |
|:--------------|:----|:------------------------------------------------------------|--------:|---:|:----|:---------------------------------------------------------------------|----------:|
| James Dondero |     |                                                             | 433,246 | -2 |     | $                                                                    | 2,642,801 |
| Matt McGraner |     |                                                             | 427,873 | -3 |     | $                                                                    | 2,610,025 |
| Dustin Norris |     |                                                             | 108,742 | -4 |     | $                                                                    |   663,326 |

| (1) | Market value is based on the closing price of the Old Common Shares as of December 31, 2024 ($6.10), the last trading day of the year. |

| (2) | Consists of restricted share units granted on April 4, 2023 and March 18, 2024. With respect to the restricted share units granted on April 4, 2023, as of December 31, 2024, there were 140,746 restricted shares units not vested, which will vest one-third on April 4, 2025, one-third on April 4, 2026 and one-third on April 4, 2027. With respect to the restricted share units granted on March 18, 2024, as of December 31, 2024, there were 292,500 restricted shares units not vested, which vested one-fourth on March 18, 2025, and which will vest one-fourth on March 18, 2026, one-fourth on March 13, 2027 and one-fourth on March 13, 2028. |

| (3) | Consists of restricted share units granted on April 4, 2023 and March 18, 2024. As of December 31, 2024, there were 135,373 restricted shares units not vested, which will vest one-third on April 4, 2025, one-third on April 4, 2026 and one-third on April 4, 2027. With respect to the restricted share units granted on March 18, 2024, as of December 31, 2024, there were 292,500 restricted shares units not vested, which vested one-fourth on March 18, 2025, and which will vest one-fourth on March 18, 2026