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NXDT NEXPOINT DIVERSIFIED REAL ESTATE TRUST Insider Trading

Latest: Officer Bought $263K of Shares · May 2026

Multiple insiders have been active at NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT): 5 distinct insiders account for 27 buy filings and 0 sell filings as of May 2026. Its highest-significance filing in the last 90 days: Officer Dustin David Norris bought $263K, transaction dated May 2026.

27 filings analyzed · Latest 2026-05-22

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Buys
27
Sells
0
Insiders
5
Direction
Net buying

NEXPOINT DIVERSIFIED REAL ESTATE TRUST leadership

CEO
Jim Dondero — PRINCIPAL EXECUTIVE OFFICER
CFO
Paul Richards — PRINCIPAL FINANCIAL OFFICER
General Counsel
D.C. Sauter — General Counsel and Secretary
Chair
James Dondero — President and Chairman

Historically, high-priority insider buys have outperformed the S&P 500 by a median ~2% over the 30 days after the trade — the edge is concentrated in that first month (n ≈ 5,579, 2024-2026). Past results don't predict the future. How we measure this ↗

May 2026
2026-05-22
high
See Remarks
53,663 shares
$262,949
@ $4.90
Significance 7

Insider Dustin David Norris buys 53,663 shares of NXDT at $4.90; holds 864,586 shares post-transaction amid unprofitability.

Dustin David Norris purchased 53,663 shares at $4.90 on 2026-05-20, increasing his holdings to 864,586 shares—a 6.6% expansion from his prior stake. This buy occurs despite the company's significant financial headwinds: the latest quarter shows Revenue of $22,875,000.00 but Net income of $-22,970,000.00, with the company unprofitable over its most recent full fiscal year. His same-ticker trade history at NXDT shows 5 prior buys with a 100% well-timed rate at the 90-day mark, demonstrating a consistent pattern of buying near troughs; his cross-ticker track record across all tickers shows 7 prior buys with an average 90d return of +20.1% and a 90d win rate of 100.00%. The current stock price of $4.62 is -15.8% from the 52-week high of $5.49 and down 6.8% over the past 30 days, placing this purchase into a period of downward pressure. The insider's track record of well-timed accumulation at NXDT—coupled with his consistent open-market discipline elsewhere—suggests conviction in the position despite near-term headwinds, though the company's negative net income raises questions about whether valuation improvements or operational turnarounds are embedded in his timing decisions.

December 2025
2025-12-08
medium
15,052 shares
$42,043
@ $2.79
Significance 4

Director LAFFER buys 15,051 shares for $42,043.20 at NXDT over 3 trades, averaging $2.79; stock down 27.8% in 90 days and 62.9% from high.

Director Arthur B. Laffer purchased 15,051 shares across 3 transactions on 2025-12-04 and 2025-12-05 for a combined $42,043.20 at a blended average of $2.79 per share, increasing his holdings by 15.1% to 114,606 shares. The current price of $2.68 is 62.9% below the 52-week high of $7.23, and the stock has declined 27.8% over the past 90 days. Laffer's prior trades at NXDT show a poor track record: 0 of 4 measurable prior buys generated positive 90-day returns, with losses ranging from -21.0% to -28.5%. The company reported net income of $-13.7M on revenue of $17.5M in the latest quarter and remains unprofitable on a full-year basis, despite 31.5% annual revenue growth. This purchase occurs during material weakness both for the stock and the underlying business, adding shares at prices below the blended average of his prior accumulation.

2025-12-03
low
5,101 shares
$13,976
@ $2.74
Significance 3

Director Laffer buys 5,100 shares of NXDT at $2.74; stock down -61.3% from 52-week high, none of 5 prior buys achieved positive 90d returns.

Director Arthur B Laffer purchased 5,100 shares at $2.74, increasing his holdings to 107,635 shares, while NXDT shares have declined -61.3% from the 52-week high of $7.23. The company reported negative net income of $-13.7M against quarterly revenue of $17.5M, indicating sustained unprofitability. Laffer's timing pattern at this ticker is concerning: 0 of his 5 prior NXDT purchases generated positive 90-day returns, with his most recent four trades (July 2-9) all showing negative 90-day performance ranging from -6.2% to -28.5%. This persistent pattern suggests the insider's buying at lower prices has not yet coincided with stock recovery.

November 2025
2025-11-20
high
See Remarks
5,000 shares
$13,900
@ $2.78
Significance 7

Richards Paul bought 5,000 shares of NXDT at $2.78 on 2025-11-19 amid -62.7% decline from 52-week high; prior 3 NXDT buys 100% well-timed at 90-day mark.

Richards Paul purchased 5,000 shares at $2.78, increasing his holdings to 119,820 shares. This acquisition occurs while NXDT trades at $2.70, down 62.7% from its 52-week high of $7.23 and down 21.0% over 30 days and 31.8% over 90 days. Notably, Richards's three prior purchases at NXDT (on 2025-05-23, 2025-04-04, and 2025-04-03) were each followed by positive 90-day returns of +15.3%, +35.8%, and +23.9% respectively—a 100% well-timed pattern. His cross-ticker track record shows 8 prior buys averaging +7.6% 30-day return and +14.8% 90-day return with a 100.00% win rate. However, the company remains unprofitable (net income $-13.7M in the latest quarter) despite revenue growth of +31.5% year-over-year, presenting a fundamental tension between operational deterioration and the insider's demonstrated timing skill at this specific ticker.

July 2025
2025-07-10
medium
10,500 shares
$50,820
@ $4.84
Significance 6

Director Arthur B Laffer buys 10,500 shares in 2 transactions (Jul 8-9) at $4.84 blended avg; holds 97,237 post-trade (+12.1%)

Director Arthur B Laffer executed 2 separate purchases totaling 10,500 shares for $50,820.00 on back-to-back trading days (July 8–9, 2025) at prices of $4.88 and $4.80, representing a blended average price of $4.84. This accumulation increased his holdings by 12.1% to 97,237 shares. The transaction occurs at a price 36.6% below the 52-week high of $7.23, and follows a recent pattern of five prior purchases at NXDT within the preceding month (June 6–July 7), the earliest of which has recorded a +19.9% 30-day return. The underlying company reported quarterly revenue of $29,074,000.00 and net income of $-34,318,000.00, indicating continued unprofitability despite annual revenue growth of +31.5%. Across Laffer's broader cross-ticker trading history, his 14 prior buys averaged 90-day returns of +7.7% with a 75% win rate, though measurable 90-day outcomes at this ticker remain pending for all recent transactions including this filing.

2025-07-07
high
10,250 shares
$47,658
@ $4.65
Significance 6

Director Laffer buys 10,250 shares at $4.65 avg across 2 purchases; 5th consecutive buy at NXDT in 6 weeks despite -36.4% from 52-week high.

Arthur B. Laffer, Director, executed 2 separate purchases totaling 10,250 shares for $47,657.50, bringing his holdings to 86,737 shares and representing a +13.4% increase. The purchases occurred on 2025-07-02 and 2025-07-07 at a blended average price of $4.65, which is above the current price of $4.60 but substantially below the 52-week high of $7.23. This transaction follows a pattern of consistent open-market buying at NXDT: 5 prior trades at this ticker in less than 3 months, all acquisitions. His cross-ticker track record shows 75% win rate on 90-day outcomes with avg 90d return +7.7%, though same-ticker outcomes are more recent and not yet fully measurable. The company's fundamentals remain challenged—most recent quarter revenue was $29,074,000 with net income of $-34,318,000, though annual revenue growth stands at +31.5%. The timing pattern suggests this director has positioned for recovery: his single prior trade at NXDT with a measurable 90-day outcome posted a +45.1% return, indicating prior well-timed accumulation at this ticker.

June 2025
2025-06-27
medium
11,250 shares
$46,920
@ $4.17
Significance 6

Director Laffer buys 11,250 shares in 2 transactions (avg $4.17) as NXDT trades near 52-week lows, +17.2% to holdings.

Director Arthur B. Laffer purchased 11,250 shares across 2 separate transactions on 2025-06-25 and 2025-06-26 at an average price of $4.17, increasing his stake by 17.2% to 76,487 shares post-transaction. The current price of $4.32 is 40.2% below the 52-week high of $7.23, and the stock has recovered 18.4% over the past 30 days and 14.6% over 90 days. However, the company remains unprofitable with net income of $-34.3M in the latest quarter despite revenue growth of 31.5% year-over-year. At the same ticker, Laffer's prior trades show mixed timing outcomes: 1 of 2 measurable 90-day outcomes was positive (the 2024-07-03 buy returned 9.3%), while the 2024-04-09 buy declined 12.3% over 90 days. The contemporaneous purchases near current depressed valuation levels warrant monitoring given the company's ongoing profitability challenges, though the recent price recovery may reflect a shift in market sentiment toward the name.

2025-06-06
medium
10,400 shares
$40,372
@ $3.88
Significance 5

Director Laffer buys 10,400 shares at $3.88 average; NXDT unprofitable, cluster buying present.

Arthur B. Laffer, a director at NexPoint Diversified Real Estate Trust, executed 2 separate purchases totaling 10,400 shares for $40,372.00 at a blended average price of $3.88. His post-transaction holdings of 65,237 shares represent a 19.0% increase from prior position, signaling material capital redeployment into the name. The company reported negative net income of $-34,318,000.00 over its most recent full fiscal year despite positive annual revenue growth of 31.5%, reflecting an unprofitable operational state. A cluster buy pattern exists, with 2 other insiders also acquiring shares within the past 14 days. The stock is currently trading at $3.97, down 45.1% from its 52-week high of $7.23 but up 14.7% over the past 30 days, indicating recent price recovery from depressed levels.

May 2025
2025-05-28
medium
See Remarks
95,600 shares
$343,184
@ $3.59
Significance 5

Norris David buys 95,600 shares at avg $3.59 (2 transactions, $343.2K) at NEXPOINT NXDT; holdings rise 15.4% to 715.1K shares

Dustin David Norris executed 2 separate purchases of 95,600 shares totaling $343,184.00 at an average price of $3.59, increasing his stake by 15.4% to 715,087 shares. The buys occurred on consecutive trading windows (May 23 at $3.40 and May 27 at $3.64), bracketing the current stock price of $3.65. His cross-ticker track record shows 5 prior buys averaging +8.1% 30-day and +33.2% 90-day returns with 100% win rate; however, his same-ticker history at NXDT is mixed, with recent April purchases showing -2.0% and -5.2% 30-day declines. The company remains unprofitable ($-34.3M net income last quarter) despite 31.5% annual revenue growth, and the stock trades 49.5% below its 52-week high of $7.23, creating context for accumulation but without clear catalysts for recovery.

2025-05-27
medium
See Remarks
4,214 shares
$14,075
@ $3.34
Significance 4

NXDT insider Richards Paul bought 4,214 shares at $3.34, growing holdings to 106.8K shares amid -48.7% decline from 52-week high.

Richards Paul purchased 4,214 shares of NEXPOINT DIVERSIFIED REAL ESTATE TRUST at $3.34, increasing total holdings to 106.8K shares. The purchase occurred on 2025-05-23 when NXDT was trading at a significant discount—48.7% below its 52-week high of $7.23—though the stock has recovered 3.6% over the prior 30 days. At the same ticker, Paul's prior two purchases (2025-04-03 and 2025-04-04) showed mixed near-term outcomes: the April 4 buy gained 5.5% in 30 days, while the April 3 buy declined 3.2%. The company's fundamentals remain challenged, with a negative full-year net income of $-34,318,000.00 ($-34.3M) despite strong annual revenue growth of 31.5%, creating a backdrop of fundamental uncertainty around this accumulation pattern.

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