Global Atlantic Financial Group Ltd 4

What Happened Global Atlantic Limited (Delaware), a reported 10% owner of KKR Asset‑Based Finance Fund, disposed of 1,600,000 Class I shares on May 8, 2026 as part of an internal reorganization. The shares were transferred to KKR Alternative Assets LLC for an aggregate of $36,240,000 (implied price $22.65 per share). The Form 4 (filed May 12, 2026) reports the transfer as an "other acquisition or disposition" (transaction code J) — an affiliated transfer, not an open‑market sale.

Key Details

• Transaction date: May 8, 2026; Form 4 filed: May 12, 2026 (filed within the two-business-day reporting window).
• Shares transferred: 1,600,000 Class I shares; aggregate consideration: $36,240,000; implied price ≈ $22.65/share.
• Transaction code: J — other acquisition/disposition (internal transfer between affiliates).
• Post-transaction holdings: Not specified in this filing.
• Footnotes: (F1) transfer was part of an internal reorganization; KKR Alternative Assets LLC and affiliates will separately file a Form 3. (F2) shows the chain of ownership tying Global Atlantic to KKR group entities. (F3) Global Atlantic disclaims beneficial ownership except to the extent of pecuniary interest.

Context This was an institutional, intra‑group transfer tied to a reorganization rather than a market sale by an individual insider. For retail investors, such affiliated transfers typically reflect corporate or ownership structuring and do not necessarily signal a change in investment view by the ultimate controlling group.