Form 4: KKR Co-CEO Joseph Bae Reports Changes in Beneficial Ownership

Joseph Bae, Co-CEO of KKR & Co. Inc., reported changes in his beneficial ownership of KKR common stock due to family trust transfers and other transactions.

Summary

• On May 15, 2025, Joseph Bae, Co-CEO of KKR & Co. Inc., filed a Form 4 with the SEC detailing changes in his beneficial ownership of KKR common stock.
• The reported transactions include acquisitions and disposals of common stock through family trusts and limited liability companies.
• A trust for the benefit of certain of the Reporting Person's family members acquired 3,184 shares of common stock and disposed of 7,166 shares of common stock from certain of the Reporting Person's other family members of their limited liability company membership interests in a limited liability company holding shares of common stock of KKR & Co. Inc.
• The trust paid the transferors an aggregate of $402,218.50 in connection with the transfer.
• The filing also reflects transfers made between grantor retained annuity trusts and the Reporting Person, which are exempt from reporting under Rule 16a-13.
• Two trusts transferred their shares into a new trust, also exempt from reporting under Rule 16a-13.
• Bae directly owns 4,211,701 shares of KKR common stock.
• Bae indirectly owns 2,154,829 shares through trusts, 1,554,567 shares through a trust, 10,018,550 shares through a limited partnership, and 384,257 shares through trusts.
• Bae disclaims beneficial ownership of the indirectly owned securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a routine filing related to changes in beneficial ownership, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their potential impact on the market.

Stakeholder Impact

• The transactions reported may be of interest to shareholders as they provide insight into the ownership structure and transactions of a key executive.

Key Dates

Keywords

beneficial ownership, KKR, Joseph Bae, Form 4, SEC, common stock, trusts, limited liability company, transactions