KKR Real Estate Finance director granted 16,691 RSUs

Madoff Paula reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Madoff Paula reported acquisition or exercise transactions in this Form 4 filing.

KKR Real Estate Finance Trust Inc. director Paula Madoff received a grant of 16,691 shares of common stock in the form of restricted stock units as compensation. These RSUs will vest on the earlier of April 14, 2027 or the first regularly scheduled annual stockholder meeting after the grant date. Following this award, she holds 70,182 shares directly. The grant was priced at $0.00 per share, reflecting a non-cash equity incentive rather than an open-market purchase.

Insider Trade Summary

Grant/Award: 16,691 shares

Grant/Award 1 txn

Insider Madoff Paula

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	16,691	$0.00	$0.00

Holdings After Transaction: Common Stock — 70,182 shares (Direct)

Footnotes (1)

1. F1. Represents a grant of restricted stock units, which will vest on the earlier of (i) April 14, 2027 and (ii) the first regularly scheduled annual meeting of the stockholders of the Issuer following the grant date.

Key Figures

RSU grant size: 16,691 shares Post-grant holdings: 70,182 shares Grant price: $0.00 per share +1 more

4 metrics

RSU grant size 16,691 shares Restricted stock units awarded to director Paula Madoff

Post-grant holdings 70,182 shares Total common stock held directly after the award

Grant price $0.00 per share Equity compensation grant, not an open-market purchase

Latest vesting date April 14, 2027 Latest possible vesting date for the RSUs

Key Terms

restricted stock units, grant, award, or other acquisition, Form 4, Common Stock, +1 more

5 terms

restricted stock units financial

"Represents a grant of restricted stock units, which will vest on the earlier of (i) April 14, 2027..."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

director financial

""is_director": 1"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Paula Madoff acquire in this KREF Form 4 filing?

Paula Madoff received 16,691 shares of KKR Real Estate Finance Trust Inc. common stock as restricted stock units. This is an equity compensation grant, not an open-market purchase, and increases her direct holdings to a reported 70,182 shares after the transaction.

When do Paula Madoff’s new KREF restricted stock units vest?

The 16,691 restricted stock units vest on the earlier of April 14, 2027 or the first regularly scheduled annual meeting of KKR Real Estate Finance Trust Inc. stockholders after the grant date, aligning vesting with the company’s governance calendar.

Was Paula Madoff’s KREF equity grant an open-market stock purchase?

No, the filing shows a grant of restricted stock units at $0.00 per share, classified as a grant or award acquisition. This represents non-cash equity compensation rather than an open-market transaction in KKR Real Estate Finance Trust Inc. shares.

How many KREF shares does Paula Madoff hold after this grant?

After receiving 16,691 restricted stock units, Paula Madoff’s direct holdings total 70,182 shares of KKR Real Estate Finance Trust Inc. common stock, according to the Form 4. This figure reflects her position immediately following the reported award.

What does transaction code "A" mean in this KREF Form 4?

Transaction code “A” indicates a grant, award, or other acquisition of securities. In this case, it reflects Paula Madoff’s receipt of 16,691 KKR Real Estate Finance Trust Inc. restricted stock units as equity compensation, not a market-based stock purchase or sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/16/2026 - 04:47 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

Madoff Paula

(Last) (First) (Middle)

C/O KKR REAL ESTATE FINANCE TRUST INC.

30 HUDSON YARDS, SUITE 7500

(Street)

NEW YORK NEW YORK 10001

(City) (State) (Zip)

UNITED STATES

(Country)

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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

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

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

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	04/14/2026		A(1)		16,691	A	$0	70,182	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 on the earlier of (i) April 14, 2027 and (ii) the first regularly scheduled annual meeting of the stockholders of the Issuer following the grant date.

	/s/ Patrick Mattson, as Attorney-in-Fact	04/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)