KROPP JAMES H 4

What Happened
James H. Kropp, a director of KKR Real Estate Select Trust Inc., had three same‑day Form 4 entries dated 2026-06-30: an award/acquisition of 819.493 shares at $0.00 (code A), a gift disposition of 819.493 shares (code G) at $0.00, and a gift acquisition of 819.493 shares (code G) at $0.00. The transactions show $0 consideration, consistent with shares issued via a dividend reinvestment or non‑cash transfer rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02. No late‑filing flag reported in the document.
• Prices: $0.00 per share for all entries; total cash paid/received = $0.
• Share counts: 819.493 shares in each entry (award/acquired, gifted/disposed, gifted/acquired).
• Shares owned after transaction: not specified in the supplied filing.
• Footnote: F1 — includes Class I Common Stock acquired through the issuer’s dividend reinvestment plan.
• Transaction codes reported: A = award/grant/acquisition, G = gift (disposition and acquisition).

Context
The A entry plus footnote indicates the shares were obtained through the company’s dividend reinvestment mechanism (fractional shares are common with DRIPs). The G entries record gifts/transfers and do not, by themselves, indicate the insider’s view of the stock’s value. For retail investors, awards via DRIP and intra‑insider transfers are routine administrative events and are less informative than open‑market purchases or sales.