[Form 4] KKR & Co. Inc. Insider Trading Activity

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

Corporate Governance Expert

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.

Securities Analyst

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BAE JOSEPH Y

(Last) (First) (Middle)

C/O KKR & CO. INC.

30 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KKR & Co. Inc. [ KKR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/29/2025		G(1)		398,335	D	$0	1,554,194(2)	I	By Trusts
Common Stock	08/29/2025		G(1)		398,335	A	$0	1,952,902	I	By Trust
Common Stock								4,414,001(2)	D
Common Stock								7,166	I	By Limited Liability Company
Common Stock								10,018,550	I	See Footnote(3)
Common Stock								384,257	I	By Trusts

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. 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.

3. These securities are held by a limited partnership, whose general partner is a limited liability company over which the Reporting Person has investment discretion.

Remarks:

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, the Reporting Person states that this filing shall not be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein as indirectly owned, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein.

	/s/ Christopher Lee, Attorney-in-fact	09/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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