KREF director granted 16,691 restricted stock units

Langer Jonathan A reported acquisition or exercise transactions in this Form 4 filing.

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Form Type

Rhea-AI Filing Summary

Langer Jonathan A reported acquisition or exercise transactions in this Form 4 filing.

KKR Real Estate Finance Trust Inc. director Jonathan A. Langer reported a compensation-related equity award. He received 16,691 restricted stock units tied to the company’s common stock, with no cash paid per share. Following this grant, he directly holds 73,513 shares.

The restricted stock units will vest on the earlier of April 14, 2027, or the first regularly scheduled annual stockholder meeting after the grant date. Langer has elected to defer delivery of the underlying shares until the earlier of ten years after vesting or when he no longer serves on the Board, at which point the shares will be delivered in four equal annual installments.

Insider Trade Summary

Grant/Award: 16,691 shares

Grant/Award 1 txn

Insider Langer Jonathan A

Role Director

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

Holdings After Transaction: Common Stock — 73,513 shares (Direct)

Footnotes (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 (the "RSU Vesting Date"). 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 (a) ten years after the RSU Vesting Date and (b) such date in which the reporting person no longer serves as a member of the Board of Directors of the Issuer. Upon such date, the reporting person has elected to receive the Common Stock in four equal annual installments.

Key Figures

RSU grant size: 16,691 units Shares owned after grant: 73,513 shares Vesting date: April 14, 2027 +2 more

5 metrics

RSU grant size 16,691 units Restricted stock units awarded to director Jonathan A. Langer

Shares owned after grant 73,513 shares Direct common stock holdings following the transaction

Vesting date April 14, 2027 Latest possible vesting date for the restricted stock units

Deferral period 10 years Maximum time after vesting before share delivery if still on Board

Installment count 4 installments Common stock delivered in four equal annual tranches after deferral ends

Key Terms

restricted stock units, RSU Vesting Date, Board of Directors

3 terms

restricted stock units financial

"Represents a grant of restricted stock units, which will vest on the earlier"

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.

RSU Vesting Date financial

"the vesting of the restricted stock units until the earlier of (a) ten years after the RSU Vesting Date"

Board of Directors financial

"such date in which the reporting person no longer serves as a member of the Board of Directors of the Issuer"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

FAQ

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

What insider transaction did KREF director Jonathan Langer report?

Jonathan A. Langer reported an acquisition of 16,691 restricted stock units linked to KKR Real Estate Finance Trust Inc. common stock. The award is a compensation grant with no cash purchase price and increases his direct holdings to 73,513 shares after the transaction.

How many KREF shares does Jonathan Langer hold after this Form 4 filing?

After the reported award, Jonathan A. Langer directly holds 73,513 shares of KKR Real Estate Finance Trust Inc. common stock. This figure reflects his ownership immediately following the grant of 16,691 restricted stock units disclosed in the Form 4 filing.

What are the vesting terms of Jonathan Langer’s 16,691 KREF restricted stock units?

The 16,691 restricted stock units vest on the earlier of April 14, 2027, or KKR Real Estate Finance Trust Inc.’s first regularly scheduled annual stockholder meeting after the grant date. This single vesting date governs when the units convert into common shares, subject to deferral elections.

When will Jonathan Langer actually receive KREF shares from these restricted stock units?

Jonathan A. Langer has elected to defer receipt of all KKR Real Estate Finance Trust Inc. shares from the restricted stock units until the earlier of ten years after the vesting date or when he ceases to serve on the Board. The shares will then be delivered in four equal annual installments.

Did Jonathan Langer buy KREF shares on the open market in this Form 4?

No, the Form 4 shows a compensation-related award, not an open-market purchase. Jonathan A. Langer received 16,691 restricted stock units with a reported price per share of $0.0000, reflecting a grant or award acquisition rather than a cash transaction in the market.

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

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Accepted by SEC EDGAR 04/16/2026 - 04:47 PM

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^*

Langer Jonathan A

(Last)

(First)

(Middle)

C/O KKR REAL ESTATE FINANCE TRUST INC.

30 HUDSON YARDS, SUITE 7500

(Street)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/14/2026		A⁽¹⁾		16,691	A	$0	73,513	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 (the "RSU Vesting Date"). 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 (a) ten years after the RSU Vesting Date and (b) such date in which the reporting person no longer serves as a member of the Board of Directors of the Issuer. Upon such date, the reporting person has elected to receive the Common Stock in four equal annual installments.

	/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)

Source: View Original Filing on SEC EDGAR