KRAVIS HENRY R 4
4 · KKR Real Estate Select Trust Inc. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
KKR Real Estate Select Trust — KKR Alternative Assets LLC Acquires 63,458 Shares
What Happened
KKR Alternative Assets LLC, identified as a 10% owner, acquired 63,458.557 shares of KKR Real Estate Select Trust Inc. on April 30, 2026. The shares were issued at $23.27 per share as payment for management and/or incentive fees, for a total reported value of $1,476,681. This was an issuance in lieu of cash fees (an acquisition), not an open-market purchase.
Key Details
- Transaction date: 2026-04-30; Price: $23.27 per share; Shares: 63,458.557; Total value: $1,476,681.
- Transaction code: J (other acquisition or disposition) — the Form 4 notes the shares were issued as fee payment.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing date: 2026-05-04 — filing appears timely given the transaction date.
- Footnotes:
- F1: Shares were issued to satisfy management/incentive fees under the investment advisory agreement; KKR Registered Advisor LLC directed that KKR Alternative Assets LLC receive these shares on its behalf.
- F2: Ownership chain details link KKR Alternative Assets LLC up through KKR & Co. Inc.; founding partners Henry Kravis and George Roberts are noted.
- F3: The reporting persons disclaim beneficial ownership except to the extent of pecuniary interest.
Context
This was an institutional receipt of shares as fee compensation, a common corporate practice and not a personal purchase or sale by an individual executive. Such fee-issued shares reflect compensation mechanics rather than a direct trading signal from company insiders.
Insider Transaction Report
- Other
Class I Common Stock, par value $0.001 per share
[F1][F2][F3]2026-04-30$23.27/sh+63,458.557$1,476,681→ 11,495,224.88 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.