Form 4: KKR Co-Executive Chairman Donates 350,000 Shares

KKR Co-Executive Chairman Henry R. Kravis, through a controlled entity, donated 350,000 shares of common stock to a charitable foundation.

Summary

• Henry R. Kravis, Co-Executive Chairman of KKR & Co. Inc., reported a transaction involving KKR common stock.
• A limited partnership controlled by Kravis donated 350,000 shares of KKR common stock to a charitable foundation.
• Kravis has no pecuniary interest in the charitable foundation that received the donation.
• The shares donated were previously held by the partnership specifically for future charitable donations, as reported in a prior Form 4 filing.
• The transaction date for the donation was November 12, 2025.
• Following the donation, Kravis's direct beneficial ownership of KKR common stock is 73,006,022 shares.
• Indirect beneficial ownership includes 5,460,000 shares held by the aforementioned limited partnership, 1,549,369 shares held by another limited partnership where Kravis has investment discretion, 1,000,000 shares held by a grantor retained annuity trust, and 15,227 shares held by Kravis's spouse.

Sentiment

Score: 5

Explanation: The filing reports a pre-planned charitable donation of shares by a controlled entity of a key executive. This is a routine insider transaction and does not reflect a change in the company's operational performance or strategic direction, thus having a neutral impact on sentiment.

Positives

• The transaction was a donation, not a sale, indicating no direct liquidation of personal holdings for cash by the reporting person.

Negatives

• A reduction of 350,000 shares from the indirect beneficial ownership held by an entity controlled by the reporting person.

Future Outlook

NA

Management Comments

• Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, 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

NA

Related Party Transactions

• A limited partnership controlled by Henry R. Kravis donated shares to a charitable foundation.

Stakeholder Impact

• Shareholders: A minor reduction in indirect beneficial ownership by a key executive's controlled entity, which is a pre-planned charitable donation and not a market sale.

Next Steps

• The limited partnership controlled by Henry R. Kravis continues to hold remaining shares for future charitable donations.

Key Dates

Recommendation

The Form 4 details a charitable donation of shares by a controlled entity of Co-Executive Chairman Henry R. Kravis. This is a pre-planned transaction and does not indicate any change in the company's fundamentals, operational performance, or strategic outlook. As such, it does not provide new information that would alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

KKR, Henry Kravis, Form 4, insider transaction, share donation, beneficial ownership, Co-Executive Chairman