X0407 4 2023-05-12 0001631596 KKR Real Estate Finance Trust Inc. KREF 0001704701 Lee Christen E.J. C/O KKR REAL ESTATE FINANCE TRUST INC. 30 HUDSON YARDS, SUITE 7500 NEW YORK NY 10001 true false Common Stock 2023-05-12 4 P 0 10000 10.1662 A 15000 I See footnote. Common Stock 263281.07 D Common Stock 3730 I See footnote. The price reported is a weighted average price per share of Common Stock of the Issuer purchased by the Reporting Person. These shares were purchased in multiple transactions at prices ranging from $10.08 to $10.33, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. Held by the Reporting Person's children. Held by the Reporting Person's spouse. 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. /s/ Vincent J. Napolitano, as Attorney-in-Fact 2023-05-15