KRAVIS HENRY R 4
4 · KKR Real Estate Select Trust Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
KKR Real Estate Select Trust: KKR Alt Assets LLC Acquires 65,491 Shares
What Happened
KKR Alternative Assets LLC (reported as a 10% owner) acquired 65,490.623 shares of KKR Real Estate Select Trust Inc. on May 29, 2026 at an effective price of $23.26 per share, a total value of $1,523,312. The shares were issued as payment for management and/or incentive fees under the trust’s investment advisory agreement and were directed to KKR Alternative Assets LLC by KKR Registered Advisor LLC. This is an institutional receipt of stock (an issuance as fee payment), not a personal open‑market purchase by an individual executive.
Key Details
- Transaction date: 2026-05-29
- Transaction type/code: Other acquisition/disposition (Code J) — issuance as fee payment
- Shares received: 65,490.623 at $23.26 per share; total value ≈ $1,523,312
- Shares reported as held by: KKR Alternative Assets LLC (entity chain and control structure detailed in filing)
- Footnotes: F1 — shares issued to satisfy management/incentive fees; F2 — describes ownership/control chain up to KKR & Co. Inc. and founding partners; F3 — reporting persons disclaim beneficial ownership except for pecuniary interest
- Filing date: 2026-06-02 (filed within the typical 2 business‑day Form 4 window)
Context
This transaction is an institutional fee issuance to an affiliate of KKR, not an individual insider's buy or sale, so it reflects compensation/administrative allocation rather than a personal investment decision. Such fee‑in‑stock transactions are common and do not necessarily signal management’s view on the company’s short‑term prospects. The filing includes standard disclaimers about beneficial ownership.
Insider Transaction Report
- Other
Class I Common Stock, par value $0.001 per share
[F1][F2][F3]2026-05-29$23.26/sh+65,490.623$1,523,312→ 11,560,715.503 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.