Matthew A. Salem - 18 Dec 2025 Form 4 Insider Report for KKR Real Estate Finance Trust Inc. (KREF)

Role: Chief Executive Officer, Director
Signature: /s/ Kelly Galligan, as Attorney-in-Fact
Issuer symbol: KREF
Transactions as of: 18 Dec 2025
Net transactions value: $0
Form type: 4
Filing time: 22 Dec 2025, 16:30:22 UTC
Previous filing: 10 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Salem Matthew A	Chief Executive Officer, Director	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK	/s/ Kelly Galligan, as Attorney-in-Fact	22 Dec 2025	0001704710

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KREF	Common Stock	Award	$0	+81,250	+14%	$0.000000	643,075	18 Dec 2025	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock units which will vest in three equal annual installments beginning on October 1, 2026. The reporting person has elected to defer receipt of all of the shares of Common Stock issuable upon the vesting of the restricted stock units until the earlier of (i) five years after the vesting date of the restricted stock units, or (ii) the date of the reporting person's Termination (as defined in the KKR Real Estate Finance Trust Inc. 2025 Omnibus Incentive Plan).

Content

Represents a grant of restricted stock units which will vest in three equal annual installments beginning on October 1, 2026. The reporting person has elected to defer receipt of all of the shares of Common Stock issuable upon the vesting of the restricted stock units until the earlier of (i) five years after the vesting date of the restricted stock units, or (ii) the date of the reporting person's Termination (as defined in the KKR Real Estate Finance Trust Inc. 2025 Omnibus Incentive Plan).