Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2382

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2382
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 OF       
 SHARES OR UNITS 
 OF STOCK THAT   
 HAVE NOT        
 VESTED (#)      |            |     | MARKET VALUE OF 
 SHARES OR UNITS 
 OF STOCK THAT   
 HAVE NOT VESTED 
 ($)(1)          |            |
|:--------------|:----|:----------------|:-----------|:----|:----------------|-----------:|
| James Dondero |     |                 | 187,662(2) |     | $               | $1,491,913 |
| Matt McGraner |     |                 | 180,498(3) |     | $               | $1,434,959 |
| Dustin Norris |     |                 | 49,751(4)  |     | $               |   $395,520 |

| (1) | Market value is based on the closing price of our Common Shares as of December 29, 2023 ($7.95), the last trading day of the year. |

| (2) | Consists of restricted share units granted on April 4, 2023. As of December 31, 2023, there were 187,662 restricted shares units not vested, which vested one-fourth on April 4, 2024, and which will vest one-fourth on April 4, 2025, one-fourth on April 4, 2026 and one-fourth on April 4, 2027. |

| (3) | Consists of restricted share units granted on April 4, 2023. As of December 31, 2023, there were 180,498 restricted shares units not vested, which vested one-fourth on April 4, 2024, and which will vest one-fourth on April 4, 2025, one-fourth on April 4, 2026 and one-fourth on April 4, 2027. |

| (4) | Consists of restricted share units granted on April 4, 2023. As of December 31, 2023, there were 49,751 restricted shares units not vested, which vested one-fourth on April 4, 2024, and which will vest one-fourth on April 4, 2025, one-fourth on April 4, 2026 and one-fourth on April 4, 2027. |

Pension Benefits

We do not provide any of our officers with pension benefits