Form 4: KKR Co-CEO Transfers Shares to Family Trust

KKR & Co. Inc. Co-Chief Executive Officer Scott C. Nuttall reported a transfer of 194,000 shares of common stock to a family trust.

Summary

• Scott C. Nuttall, Co-Chief Executive Officer and Director of KKR & Co. Inc., reported changes in his beneficial ownership of common stock.
• On September 2, 2025, Nuttall transferred 194,000 shares of KKR common stock from a grantor retained annuity trust, established in 2023, to a trust for the benefit of his family.
• This transaction was classified as a gift (Transaction Code G) with a price of $0 per share.
• Following this transfer, Nuttall's indirect beneficial ownership through trusts changed, with one trust holding 1,702,400 shares and another holding 1,135,870 shares.
• Nuttall also directly owns 15,676,348 shares and indirectly owns additional shares through a limited partnership (1,497,723), other trusts (129,301), and a limited liability company (2,782).
• The 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).

Sentiment

Score: 5

Explanation: Neutral. The filing reports a routine insider trust transfer for estate planning purposes, which has no direct positive or negative impact on the company's operational or financial performance.

Positives

• None directly identified as impacting company operational or financial performance.

Negatives

• None directly identified as impacting company operational or financial performance.

Risks

• No new company-specific risks were identified in this filing.

Future Outlook

No forward-looking statements or guidance regarding KKR & Co. Inc.'s financial performance or strategic direction were provided.

Management Comments

• 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.

Industry Context

This filing details a personal estate planning transaction by a senior executive, which is a common practice for high-net-worth individuals. It does not provide insights into broader industry trends or competitive dynamics within the financial services or private equity sectors.

Comparison to Industry Standards

• Not applicable. This filing reports an insider's personal financial planning event, not company performance or operational results that can be benchmarked against industry standards or competitors.

Related Party Transactions

• Transfer of 194,000 shares of common stock from a grantor retained annuity trust to a trust for the benefit of the Reporting Person's family.

Stakeholder Impact

• Shareholders: Minimal direct impact. The transaction is a transfer of shares, not a sale, and does not involve dilution or a direct market transaction that would immediately affect share price. It reflects an insider's personal long-term financial planning.
• Employees, Customers, Suppliers, Creditors: No discernible direct impact from this filing.

Key Dates

Recommendation

The filing details a routine insider trust transfer for estate planning purposes by a Co-CEO. This type of transaction is generally neutral for the company's operational performance and does not provide new information warranting a change in investment recommendation based solely on this filing.

Keywords

KKR & Co. Inc., KKR, Scott C. Nuttall, Form 4, Insider Transaction, Beneficial Ownership, Trust Transfer, Grantor Retained Annuity Trust, Family Trust, Equity Transfer, Estate Planning