Non Independent Chairman of the Board Ralph Rosenberg Sold A Bunch Of Shares In KKR Real Estate Finance Trust

Simply Wall St · 3d ago

We wouldn't blame KKR Real Estate Finance Trust Inc. (NYSE:KREF) shareholders if they were a little worried about the fact that Ralph Rosenberg, the Non Independent Chairman of the Board recently netted about US$2.1m selling shares at an average price of US$8.25. Probably the most concerning element of the whole transaction is that the disposal amounted to 100% of their entire holding.

The Last 12 Months Of Insider Transactions At KKR Real Estate Finance Trust

Notably, that recent sale by Ralph Rosenberg is the biggest insider sale of KKR Real Estate Finance Trust shares that we've seen in the last year. That means that even when the share price was below the current price of US$8.83, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was 100% of Ralph Rosenberg's holding.

Over the last year, we can see that insiders have bought 78.70k shares worth US$617k. But they sold 250.58k shares for US$2.1m. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for KKR Real Estate Finance Trust

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NYSE:KREF Insider Trading Volume December 11th 2025

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Does KKR Real Estate Finance Trust Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. KKR Real Estate Finance Trust insiders own about US$11m worth of shares. That equates to 1.9% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About KKR Real Estate Finance Trust Insiders?

The insider sales have outweighed the insider buying, at KKR Real Estate Finance Trust, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 3 warning signs for KKR Real Estate Finance Trust (of which 1 makes us a bit uncomfortable!) you should know about.

Of course KKR Real Estate Finance Trust may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.