Joseph Y. Bae - Oct 8, 2021 Form 4 Insider Report for KKR & Co. Inc. (KKR)

Role
Co-Chief Executive Officer, Director
Signature
/s/ Christopher Lee, Attorney-in-fact
Stock symbol
KKR
Transactions as of
Oct 8, 2021
Transactions value $
$0
Form type
4
Date filed
10/12/2021, 06:05 AM
Previous filing
Oct 4, 2021
Next filing
Dec 10, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KKR KKR Holdings L.P. Units Other $0 +1.15M +39.28% $0.00 4.08M Oct 8, 2021 Common Stock 1.15M Direct F1, F2
holding KKR KKR Holdings L.P. Units 9.7M Oct 8, 2021 Common Stock 9.7M See footnote F1, F3
holding KKR KKR Holdings L.P. Units 371K Oct 8, 2021 Common Stock 371K By Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an exchange agreement as disclosed in KKR & Co. Inc.'s prospectus dated September 21, 2011, filed with the Securities and Exchange Commission ("SEC") on September 23, 2011, as amended by a post-effective amendment filed with the SEC on July 2, 2018, units of KKR Holdings L.P. are exchangeable for KKR Group Partnership Units (which term refers to Class A partner interests in KKR Group Partnership L.P.) along with shares of Series II preferred stock of KKR & Co. Inc. on a one-for-one basis, and KKR Group Partnership Units and shares of Series II preferred stock are exchangeable for shares of common stock of KKR & Co. Inc. on a one-for-one basis.
F2 Following a consent of the board of directors of KKR & Co. Inc. to the allocation of units of KKR Holdings L.P. to the Reporting Person, units of KKR Holdings L.P. were granted to the Reporting Person on October 8, 2021. Of these units, 70% are vested and the remaining 30% will vest on October 1, 2022, subject to the Reporting Person's continued service through the vesting date. This grant does not change the number of shares of common stock of KKR & Co. Inc. on a fully-diluted basis.
F3 These securities are held by a limited partnership, whose general partner is a limited liability company over which the Reporting Person has investment discretion.

Remarks:

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, the Reporting Person states that this filing shall not be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein as indirectly owned, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein.