KKR insider Joseph Bae files Form 4 for trust transfers and beneficial ownership updates
Rhea-AI Filing Summary
Joseph Y. Bae, Co-Chief Executive Officer and a director of KKR & Co. Inc. (KKR), reported multiple transactions dated 08/29/2025 that moved KKR common stock between trusts and an investment vehicle. The filing shows equal reported amounts of 398,335 shares both disposed and acquired under transaction code G(1), and lists several beneficial ownership tallies after the transactions, including 1,554,194, 1,952,902, 4,414,001, 7,166, 10,018,550, and 384,257 shares held in various indirect forms. Explanations state these moves reflect transfers among grantor retained annuity trusts and trusts for family beneficiaries, with certain transfers exempt under Rule 16a-13, and holdings in a limited partnership for which the reporting person has investment discretion. The filing is signed by an attorney-in-fact on 09/02/2025.
Positive
- Compliance disclosure: The filing timely reports transfers under Section 16, including an attorney-in-fact signature dated 09/02/2025.
- Clarity on transfer type: Footnotes explicitly explain transfers among grantor retained annuity trusts and trusts for family beneficiaries and cite Rule 16a-13 exemptions.
Negative
- None.
Insights
TL;DR: Routine estate and trust transfers reported; no new direct acquisitions or sales altering control are shown.
The Form 4 documents transfers of KKR common stock between grantor retained annuity trusts and trusts for family beneficiaries, and records holdings in an entity where the reporting person has investment discretion. The filer cites Rule 16a-13 for certain exempt transfers, indicating these are internal estate planning or trust-structure movements rather than market trades. The submission and attorney-in-fact signature reflect compliance with Section 16 reporting requirements.
TL;DR: Transaction codes and footnotes point to non-market transfers with no immediate market-impacting changes in control.
The listed transactions use code G(1) and footnotes clarify transfers among trusts and limited partnership interests. Reported beneficial ownership totals are presented after the transactions but show the shares are held indirectly across trusts and an investment vehicle where the reporting person has investment discretion. There are no derivative transactions reported and no prices indicating market purchases or sales; the activity appears administrative.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 398,335 | $0.00 | -- |
| Gift | Common Stock | 398,335 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Reflects a transfer of common stock of KKR & Co. Inc. previously held by a grantor retained annuity trust established in 2023 to a trust for the benefit of the Reporting Person's family, which transfer was made on the date provided for under the terms of such grantor retained annuity trust. Reflects certain transfers made between grantor retained annuity trusts and the Reporting Person. Such transfers were exempt from reporting pursuant to Rule 16a-13 of the Securities Exchange Act of 1934, as amended. These securities are held by a limited partnership, whose general partner is a limited liability company over which the Reporting Person has investment discretion.
