David Sorkin - May 31, 2022 Form 4 Insider Report for KKR & Co. Inc. (KKR)

Role
General Counsel and Secretary
Signature
/s/ Christopher Lee, Attorney-in-fact
Stock symbol
KKR
Transactions as of
May 31, 2022
Transactions value $
$0
Form type
4
Date filed
5/31/2022, 06:24 PM
Previous filing
May 7, 2021
Next filing
Aug 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KKR Common Stock Options Exercise +1.49M 1.49M May 31, 2022 Direct F1
transaction KKR Common Stock Award +48.9K +3.29% 1.53M May 31, 2022 Direct F2
transaction KKR Common Stock Options Exercise +1.66M 1.66M May 31, 2022 See footnote F1, F3
transaction KKR Common Stock Award +54.6K +3.29% 1.71M May 31, 2022 See footnote F2, F3

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 Options Exercise $0 -1.49M -100% $0.00* 0 May 31, 2022 Common Stock 1.49M Direct F1
transaction KKR KKR Holdings L.P. Units Options Exercise $0 -1.66M -100% $0.00* 0 May 31, 2022 Common Stock 1.66M See footnote F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with certain mergers pursuant to a Reorganization Agreement, dated as of October 8, 2021 (the "Mergers"), on May 31, 2022 holders of common stock of KKR & Co. Inc. immediately prior to the Mergers ("Former KKR") and all holders of interests in KKR Holdings L.P. immediately prior to the Mergers received shares of the same common stock on a one-for-one basis in a new parent company for Former KKR's business ("New KKR"), following which, New KKR was renamed "KKR & Co. Inc." and Former KKR was renamed "KKR Group Co. Inc.", which is now a wholly-owned subsidiary of New KKR. Prior to the Mergers, units of KKR Holdings L.P. were exchangeable for KKR Group Partnership Units (which term refers to Class A partner interests in KKR Group Partnership L.P.) and with shares of Series II preferred stock of Former KKR on a one-for-one basis, which together were exchangeable for shares of common stock of Former KKR on a one-for-one basis.
F2 In connection with the Mergers and in addition to the issuance of shares of New KKR as noted above, KKR Holdings L.P. merged with a subsidiary of New KKR and limited partners of KKR Holdings L.P. were issued an aggregate of 8.5 million shares of common stock of New KKR, which shares are not transferable prior to the earlier of (i) December 31, 2026 and (ii) the six-month anniversary of the first date on which the death or permanent disability of both Mr. Henry Kravis and Mr. George Roberts has occurred (or any earlier date consented to by KKR Management LLP in its sole discretion). The number of shares reported as acquired herein represents the holder's pro rata portion of the 8.5 million shares issued to the former limited partners of KKR Holdings L.P.
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.