KRAVIS HENRY R 4
4 · KKR Real Estate Select Trust Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
KKR Real Estate Select Trust — KKR Alternative Assets Receives 149,932 Shares
What Happened
KKR Alternative Assets LLC (a 10% owner reporting entity) received 149,931.542 shares of KKR Real Estate Select Trust Inc. common stock on March 31, 2026. The shares were recorded at $23.15 per share, for a total value of $3,470,915. The Form 4 reports this as an "other acquisition or disposition" (code J) — these shares were issued as payment of management and/or incentive fees rather than an open-market purchase.
Key Details
- Transaction date and price: 2026-03-31 at $23.15 per share. Total value: $3,470,915.
- Shares received: 149,931.542 common shares.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: Shares were issued as payment for management and/or incentive fees under the investment advisory agreement; KKR Registered Advisor LLC directed that KKR Alternative Assets LLC receive the shares on its behalf. The filing also details the ownership chain within the KKR group and states the reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.
- Timeliness: Form filed April 2, 2026; appears to be timely (filed shortly after the transaction).
Context
This was an institutional receipt of stock as fee payment, not an executive buy or sale. Such issuances typically reflect contractual fee arrangements rather than a direct signal of insider sentiment. The reporting entity is part of the KKR group; the filing disclaims beneficial ownership beyond pecuniary interest.
Insider Transaction Report
- Other
Class I Common Stock, par value $0.001 per share
[F1][F2][F3]2026-03-31$23.15/sh+149,931.542$3,470,915→ 11,431,766.323 total(indirect: See footnotes)
Footnotes (3)
- [F1]These shares of common stock of KKR Real Estate Select Trust Inc. ("Common Stock") were issued as payment for management and/or incentive fees pursuant to the investment advisory agreement between KKR Real Estate Select Trust Inc. and KKR Registered Advisor LLC. Pursuant to such investment advisory agreement, KKR Registered Advisor LLC directed that KKR Alternative Assets LLC, its affiliate, receive these shares on its behalf.
- [F2]The Common Stock is held by KKR Alternative Assets LLC. KKR Group Assets Holdings II L.P. is the sole member of KKR Alternative Assets LLC. KKR Group Assets II GP LLC is the general partner of KKR Group Assets Holdings II L.P. KKR Group Partnership L.P. is the sole member of KKR Group Assets II GP LLC. KKR Group Holdings Corp. is the general partner of KKR Group Partnership L.P. KKR Group Co. Inc. is the sole shareholder of KKR Group Holdings Corp. KKR & Co. Inc. is the sole shareholder of KKR Group Co. Inc. KKR Management LLP is the Series I preferred stockholder of KKR & Co. Inc. Messrs. Henry R. Kravis and George R. Roberts are the founding partners of KKR Management LLP.
- [F3]Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.