KKR Real Estate Finance Trust (KREF) president gets 73,500-share RSU grant

Rhea-AI Filing Summary

KKR Real Estate Finance Trust Inc. president and COO reported an equity compensation grant. On 12/18/2025, the officer acquired 73,500 shares of common stock through a grant of restricted stock units at a stated price of $0, increasing directly held shares to 460,287 after the transaction.

The restricted stock units will vest in three equal annual installments beginning on October 1, 2026. The officer has elected to defer receipt of all common shares issuable upon vesting until five years after each vesting date, meaning actual share delivery will be pushed well beyond the vesting schedule.

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^*

Mattson W Patrick

(Last) (First) (Middle)

C/O KKR REAL ESTATE FINANCE TRUST INC.

30 HUDSON YARDS, SUITE 7500

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KKR Real Estate Finance Trust Inc. [ KREF ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and COO

3. Date of Earliest Transaction (Month/Day/Year)
12/18/2025

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	12/18/2025		A(1)		73,500	A	$0	460,287	D

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. 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 five years after the vesting date of the restricted stock units.

	/s/ Kelly Galligan, as Attorney-in-Fact	12/22/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did KKR Real Estate Finance Trust Inc. (KREF) report?

The president and COO of KKR Real Estate Finance Trust Inc. reported acquiring 73,500 shares of common stock on 12/18/2025 through a grant of restricted stock units.

What is the role of the reporting person in KREF?

The reporting person is an officer of KKR Real Estate Finance Trust Inc., serving as President and COO.

How many KREF shares does the insider own after this Form 4 transaction?

After the reported transaction, the officer beneficially owns 460,287 shares of KKR Real Estate Finance Trust Inc. common stock in direct ownership.

How do the KREF restricted stock units vest for this grant?

The restricted stock units underlying the 73,500 shares will vest in three equal annual installments beginning on October 1, 2026.

When will the KREF officer actually receive the shares from these RSUs?

The officer has elected to defer receipt of all common shares issuable upon vesting of the restricted stock units until five years after each vesting date.

Does this Form 4 for KREF involve derivative securities like options or warrants?

The disclosure lists non-derivative common stock acquired via restricted stock units and shows no derivative securities in the derivative securities table.