KRAVIS HENRY R 4
4 · KKR Real Estate Select Trust Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
KKR Real Estate Select Trust 10% Owner Receives 105,871 Shares
What Happened
KKR Alternative Assets LLC (reported as a 10% owner) was issued 105,871.447 shares of KKR Real Estate Select Trust Inc. common stock on 2026-06-30. The shares were reported at $22.88 each for a total value of $2,422,339. The transaction is coded as “J” (other acquisition/disposition) and represents shares issued as payment for management and/or incentive fees under the trust’s investment advisory agreement—not an open-market purchase.
Key Details
- Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (no late-filing flag indicated).
- Price reported: $22.88 per share; total value: $2,422,339.
- Shares reported acquired: 105,871.447 shares.
- Shares owned after transaction: not specified in this filing.
- Footnotes: (F1) Shares issued as payment for management/incentive fees per the investment advisory agreement; KKR Registered Advisor LLC directed that KKR Alternative Assets LLC receive the shares on its behalf. (F2) Describes the ownership chain within KKR entities. (F3) Reporting persons disclaim beneficial ownership except to the extent of pecuniary interest.
Context
This is an institutional/affiliate receipt of stock as fee compensation, not an insider buying stock on the open market. Such issuances are common for fee payment and do not necessarily signal management’s view of the stock. The filing also clarifies complex entity ownership within the KKR group and includes a disclaimer of beneficial ownership by the reporting persons.
Insider Transaction Report
- Other
Class I Common Stock, par value $0.001 per share
[F1][F2][F3]2026-06-30$22.88/sh+105,871.447$2,422,339→ 11,666,586.95 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.