Insider Brian Mitts Files Form 4 for NexPoint Diversified Real Estate Trust

TL;DR

**Insider Brian Mitts just filed a Form 4 for NexPoint Diversified Real Estate Trust, signaling a change in his holdings.**

AI Summary

This Form 4 filing, dated March 24, 2026, indicates that Brian Mitts, a reporting person, has filed a statement of changes in beneficial ownership of securities for NexPoint Diversified Real Estate Trust (Issuer CIK: 0001356115). While the filing itself doesn't detail specific transactions, it signals that Mitts, likely an insider, has had a change in his holdings. This matters to investors because insider transactions can sometimes signal management's confidence (or lack thereof) in the company's future, potentially influencing stock price.

Why It Matters

This filing signals a change in insider Brian Mitts's ownership of NexPoint Diversified Real Estate Trust, which can be an indicator of his view on the company's future prospects.

Risk Assessment

Risk Level: low — A Form 4 filing itself is a routine disclosure and does not inherently carry high risk, though the underlying transaction might.

Analyst Insight

An investor should monitor subsequent filings or news to understand the nature of Brian Mitts's transaction (buy or sell) to gauge insider sentiment towards NexPoint Diversified Real Estate Trust.

Key Players & Entities

• Mitts Brian (person) — Reporting Person
• NEXPOINT DIVERSIFIED REAL ESTATE TRUST (company) — Issuer
• 0001514845 (person) — CIK of Reporting Person Mitts Brian
• 0001356115 (company) — CIK of Issuer NEXPOINT DIVERSIFIED REAL ESTATE TRUST

FAQ

Filing Documents

• rdgdoc.html (4)
• rdgdoc.xml (4) — 8KB
• 0001437749-26-009652.txt ( ) — 10KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Mitts Brian (Last) (First) (Middle) 300 CRESCENT COURT, SUITE 700 (Street) DALLAS TEXAS 75201 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol NEXPOINT DIVERSIFIED REAL ESTATE TRUST [ NXDT ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below) 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/18/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/18/2026 M 5,357 A (1) 18,693 (2) D Common Stock 03/18/2026 D 804 D (3) 17,889 D Common Stock 03/18/2026 F 1,200 D $ 4.41 16,689 D Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 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 (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Share Units (1) 03/18/2026 M 5,357 (4) (4) Common Shares 5,357 $ 0 10,714 D Explanation of Responses: 1. Each restricted share unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust (the "Company"). 2. Includes shares received pursuant to an elective stock dividend paid on the Company's common shares. 3. Represents the portion of the previously reported restricted share unit grant that vested on March 18, 2026 and settled in cash. 4. On March 18, 2024, the reporting person was granted 21,429 restricted share units. The restricted share units vested one-fourth on March 18, 2025 and one-fourth on March 18, 2026, and will vest one-fourth on March 18, 2027 and one-fourth on March 18, 2028. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash. /s/ Paul Richards, as attorney-in-fact for Brian Mitts 03/24/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 4: SEC 1474 (03-26)

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