Terrance R. Ahern - 06 Nov 2025 Form 4 Insider Report for KKR Real Estate Finance Trust Inc. (KREF)

Role: Director
Signature: /s/ Kelly Galligan, as Attorney-in-Fact
Issuer symbol: KREF
Transactions as of: 06 Nov 2025
Net transactions value: +$185,197
Form type: 4
Filing time: 10 Nov 2025, 08:15:34 UTC
Previous filing: 29 Apr 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
AHERN TERRANCE R	Director	C/O KKR REAL ESTATE FINANCE TRUST INC., 30 HUDSON YARDS, SUITE 7500, NEW YORK	/s/ Kelly Galligan, as Attorney-in-Fact	10 Nov 2025	0001191824

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KREF	Common Stock	Purchase	$185,197	+23,700	+61%	$7.81	62,556	06 Nov 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported is a weighted average price per share of Common Stock of the Issuer purchased by the Reporting Person. These shares were purchased in multiple transactions at prices ranging from $7.8059 to $7.8193, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Content

The price reported is a weighted average price per share of Common Stock of the Issuer purchased by the Reporting Person. These shares were purchased in multiple transactions at prices ranging from $7.8059 to $7.8193, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney