Langer Jonathan A 4

What Happened
Jonathan A. Langer, a director of KKR Real Estate Finance Trust Inc. (KREF), was granted 16,691 restricted stock units (RSUs) on April 14, 2026. The Form 4 reports an acquisition price of $0.00 (common for RSU grants); no cash purchase or sale occurred. The RSUs will vest by the earlier of April 14, 2027 or the first regularly scheduled annual meeting after the grant.

Key Details

• Transaction date: 2026-04-14; Form 4 filed: 2026-04-16 (filed within the typical two-business-day window).
• Transaction code: A (award/grant). Reported price per share: $0.00; total reported value: $0.
• Shares granted: 16,691 restricted stock units.
• Shares owned after transaction: not specified in the provided filing.
• Footnote summary: Langer elected to defer receipt of the common stock issuable on vesting until the earlier of (a) ten years after the RSU vesting date or (b) the date he ceases to serve on the Board; when distributions begin they will be paid in four equal annual installments.

Context
RSU grants are compensation awards, not open-market purchases or sales, so they do not directly signal buying or selling intent. The deferral election means Langer will not receive the underlying shares immediately upon vesting and will receive them spread over four years after the deferral period ends.