KKR Group Partnership L.P. - 07 Jun 2022 Form 4 Insider Report for KKR Real Estate Finance Trust Inc. (KREF)

Role
10%+ Owner
Signature
KKR GROUP PARTNERSHIP L.P. By: KKR Group Holdings Corp., general partner By: /s/ Christopher Lee Name: Christopher Lee Title: Assistant Secretary
Issuer symbol
KREF
Transactions as of
07 Jun 2022
Net transactions value
-$82,917,500
Form type
4
Filing time
09 Jun 2022, 17:00:40 UTC
Previous filing
07 Dec 2021
Next filing
15 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KREF Common Stock Sale $82,917,500 -4,250,000 -30% $19.51 10,000,000 07 Jun 2022 See Footnotes F1, F2, F4, F5
holding KREF Common Stock 1 07 Jun 2022 See Footnotes F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount represents the $19.70 secondary price per share of common stock, par value $0.01 per share ("Common Stock"), of KKR Real Estate Finance Trust Inc. (the "Issuer") less the underwriting discount of $0.19 per share for shares sold by KKR REFT Holdings L.P. in connection with an underwritten public offering.
F2 Represents securities held by KKR REFT Holdings L.P. The general partner of KKR REFT Holdings L.P. is KKR REFT Holdings GP LLC, which is wholly owned by KKR REFT Asset Holdings LLC.
F3 Represents securities held by KKR REFT Asset Holdings LLC.
F4 KKR REFT Asset Holdings LLC is owned by KKR Group Partnership L.P. and KKR Financial Holdings LLC, whose common shares are wholly owned by KKR Group Partnership L.P. 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. Henry R. Kravis and George R. Roberts are the founding partners of KKR Management LLP.
F5 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.

Remarks:

Because no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed a separate Form 4.