Company: NXDT
Filing Date: 2025-09-16
Form Type: 4/A
Source: 0001437749-25-029187
Chunk: 1

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-09-16
Form: 4/A
Chunk 1
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 of Derivative Security (Instr. 5) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |     | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |     | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Code                                       | V                                                      | Amount or Number of Shares           | -A) or (D                                          |                                |     |                                                                                        |     |                                                          |                                                                                   |                                 |                                                                                                    |                                                                                  |                                                        |
| No derivative securities reported          |                                                        |                                      |                                                    |                                |     |                                                                                        |     |                                                          |                                                                                   |                                 |                                                                                                    |                                                                                  |                                                        |

Remarks:

On April 21, 2025, the reporting person filed a Form 4 (the "Form") that reported that 24,803.55 Profits LTIP Units ("LTIP Units") in NexPoint Diversified Real Estate Trust Operating Partnership, L.P., a Delaware limited partnership and NexPoint Diversified Real Estate Trust's (the "Issuer") operating partnership (the "OP") were vested immediately as of April 17, 2025, the grant date. This amendment is being filed to correctly state the number of LTIP Units that vested immediately as of the grant date.

| ** Signature of Reporting Person                           
 /s/ /s/ Paul Richards, as attorney-in-fact for Brian Mitts | Date       
 09/16/2025 |

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