Ralph F. Rosenberg - 03 Dec 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: 03 Dec 2025
Net transactions value: -$2,067,268
Form type: 4
Filing time: 03 Dec 2025, 17:14:10 UTC
Previous filing: 19 Jul 2021
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
ROSENBERG RALPH F	Director	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK	/s/ Kelly Galligan, as Attorney-in-Fact	03 Dec 2025	0001035099

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KREF	Common Stock	Sale	$1,033,634	-125,289	-100%	$8.25	0	03 Dec 2025	Direct	F1
transaction	KREF	Common Stock	Sale	$1,033,634	-125,289	-100%	$8.25	0	03 Dec 2025	See footnote.	F1, F2

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

Explanation of Responses:

Id	Content
F1	Reflects the sale of 125,289 shares of common stock of KKR Real Estate Finance Trust Inc., by the Reporting Person in a block sale at a price per share of $8.25 pursuant to Rule 144 of the Securities Act of 1933, as amended. The sale was made in connection with the Reporting Person's year-end tax planning for 2025. The Reporting Person intends, but is not required, to repurchase an equal number of shares in 2026, subject to compliance with laws and company policies, as well as then-current market conditions.
F2	Held through a limited partnership. Mr. Rosenberg disclaims beneficial ownership over these shares of Common Stock, except to the extent of his pecuniary interest therein.

Content

Reflects the sale of 125,289 shares of common stock of KKR Real Estate Finance Trust Inc., by the Reporting Person in a block sale at a price per share of $8.25 pursuant to Rule 144 of the Securities Act of 1933, as amended. The sale was made in connection with the Reporting Person's year-end tax planning for 2025. The Reporting Person intends, but is not required, to repurchase an equal number of shares in 2026, subject to compliance with laws and company policies, as well as then-current market conditions.

Held through a limited partnership. Mr. Rosenberg disclaims beneficial ownership over these shares of Common Stock, except to the extent of his pecuniary interest therein.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney.