KRAVIS HENRY R 4

What Happened

• KKR Alternative Assets LLC (a reported 10% owner in the filing) acquired 64,476.278 shares of KKR Real Estate Select Trust Inc. common stock on 2026-01-30. The per-share amount reported is $23.46, for a total value of $1,512,613. Transaction code J indicates an "other acquisition or disposition."

Key Details

• Transaction date and price: 2026-01-30 at $23.46 per share (total $1,512,613).
• Shares acquired: 64,476.278 common shares.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: The 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.
  • F2: The filing shows the shares are held by KKR Alternative Assets LLC and discloses the KKR corporate ownership chain (KKR Group entities and founding partners Henry R. Kravis and George R. Roberts).
  • F3: The reporting persons disclaim beneficial ownership except to the extent of pecuniary interest.
• Filing date: Form 4 filed 2026-02-03 (transaction reported occurred 2026-01-30).

Context

• This was not an open-market purchase by an individual executive but an institutional receipt of shares as fee compensation. Such issuances are routine corporate/accounting events and reflect fee payment rather than a personal investment decision by an individual insider.