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[8-K] KKR AG真人官方 Estate Finance Trust Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Hagerty, Inc. (HGTY) filed a Form 144 indicating that Robert I. Kauffman, through Aldel LLC, plans to sell 31,869 common shares (鈮� $324.7 k) on or around 22 Jul 2025 via Merrill Lynch on the NYSE. The shares represent roughly 0.04 % of the company鈥檚 90.7 m shares outstanding.

The seller originally acquired 3.5 m shares on 2 Dec 2021 as part of the PIPE financing that accompanied Hagerty鈥檚 SPAC business combination. Over the past three months, the same account has already disposed of about 704,944 shares for an aggregate 鈮� $7.0 m in gross proceeds, demonstrating an ongoing divestiture trend.

No new operational or financial results are included; the filing is solely a notice of intended insider sales. Continued sizable insider selling鈥攐ver 0.8 % of shares outstanding in the last quarter鈥攎ay raise sentiment and liquidity questions for investors.

Hagerty, Inc. (HGTY) ha presentato un Modulo 144 indicando che Robert I. Kauffman, tramite Aldel LLC, intende vendere circa 31.869 azioni ordinarie (鈮� 324,7 mila USD) intorno al 22 luglio 2025 tramite Merrill Lynch alla NYSE. Le azioni rappresentano circa lo 0,04% delle 90,7 milioni di azioni in circolazione della societ脿.

Il venditore ha originariamente acquisito 3,5 milioni di azioni il 2 dicembre 2021 nell'ambito del finanziamento PIPE che ha accompagnato la combinazione aziendale SPAC di Hagerty. Negli ultimi tre mesi, lo stesso conto ha gi脿 ceduto circa 704.944 azioni per un ricavo lordo complessivo di circa 7,0 milioni di USD, evidenziando una tendenza continua alla dismissione.

Non sono inclusi nuovi risultati operativi o finanziari; la comunicazione 猫 esclusivamente un avviso di vendite interne previste. La continua vendita significativa da parte degli insider 鈥� oltre lo 0,8% delle azioni in circolazione nell'ultimo trimestre 鈥� potrebbe sollevare dubbi sul sentiment e sulla liquidit脿 per gli investitori.

Hagerty, Inc. (HGTY) present贸 un Formulario 144 indicando que Robert I. Kauffman, a trav茅s de Aldel LLC, planea vender 31,869 acciones ordinarias (鈮� 324,7 mil USD) alrededor del 22 de julio de 2025 mediante Merrill Lynch en la NYSE. Las acciones representan aproximadamente el 0,04% de las 90,7 millones de acciones en circulaci贸n de la compa帽铆a.

El vendedor adquiri贸 originalmente 3,5 millones de acciones el 2 de diciembre de 2021 como parte de la financiaci贸n PIPE que acompa帽贸 la combinaci贸n de negocios SPAC de Hagerty. En los 煤ltimos tres meses, la misma cuenta ya ha vendido alrededor de 704,944 acciones por un total bruto aproximado de 7,0 millones USD, mostrando una tendencia continua de desinversi贸n.

No se incluyen nuevos resultados operativos o financieros; la presentaci贸n es 煤nicamente un aviso de ventas internas previstas. La continua venta significativa por parte de los insiders 鈥� m谩s del 0,8% de las acciones en circulaci贸n en el 煤ltimo trimestre 鈥� podr铆a generar dudas sobre el sentimiento y la liquidez para los inversores.

Hagerty, Inc. (HGTY)電� 韽� 144毳� 鞝滌稖頃橃棳 Robert I. Kauffman鞚� Aldel LLC毳� 韱淀暣 31,869欤� (鞎� 324,700雼煬)毳� 2025雲� 7鞗� 22鞚缄步 Merrill Lynch毳� 韱淀暣 NYSE鞐愳劀 毵る弰頃� 瓿勴殟鞛勳潉 鞎岆牳鞀惦媹雼�. 鞚� 欤检嫕鞚 須岇偓鞚� 9070毵� 欤� 氚滍枆 欤检嫕鞚� 鞎� 0.04%鞐� 頃措嫻頃╇媹雼�.

韺愲Г鞛愲姅 2021雲� 12鞗� 2鞚� Hagerty鞚� SPAC 靷梾 瓴绊暕鞐� 霐半ジ PIPE 鞛愱笀 臁半嫭鞚� 鞚柬櫂鞙茧 350毵� 欤�毳� 觳橃潓 旆摑頄堨姷雼堧嫟. 歆雮� 3臧滌洈 霃欖晥 霃欖澕 瓿勳電� 鞚措 鞎� 704,944欤�毳� 毵る弰頃橃棳 齑� 鞎� 700毵� 雼煬鞚� 齑濎垬鞚奠潉 鞓Μ氅� 歆靻嶌爜鞚� 毵る弰 於旍劯毳� 氤挫澊瓿� 鞛堨姷雼堧嫟.

靸堧鞖� 鞖挫榿 霕愲姅 鞛 瓴瓣臣電� 韽暔霅橃 鞎婌晿鞙茧┌, 鞚措矆 鞝滌稖鞚 雮措秬鞛� 毵る弰 鞓堨爼 韱奠鞐� 攵堦臣頃╇媹雼�. 歆雮� 攵勱赴 霃欖晥 氚滍枆 欤检嫕鞚� 0.8% 鞚挫儊鞚� 彀頃橂姅 歆靻嶌爜鞚� 雮措秬鞛� 毵る弰電� 韴瀽鞛愲摛 靷澊鞐愳劀 鞁Μ 氚� 鞙犽彊靹膘棎 雽頃� 鞖半牑毳� 攵堧煬鞚检溂韨� 靾� 鞛堨姷雼堧嫟.

Hagerty, Inc. (HGTY) a d茅pos茅 un Formulaire 144 indiquant que Robert I. Kauffman, via Aldel LLC, pr茅voit de vendre 31 869 actions ordinaires (鈮� 324,7 k$) aux alentours du 22 juillet 2025 par l'interm茅diaire de Merrill Lynch 脿 la NYSE. Ces actions repr茅sentent environ 0,04 % des 90,7 millions d'actions en circulation de la soci茅t茅.

Le vendeur a initialement acquis 3,5 millions d鈥檃ctions le 2 d茅cembre 2021 dans le cadre du financement PIPE accompagnant la fusion d'affaires SPAC de Hagerty. Au cours des trois derniers mois, le m锚me compte a d茅j脿 c茅d茅 environ 704 944 actions pour un produit brut total d鈥檈nviron 7,0 millions de dollars, t茅moignant d'une tendance continue 脿 la cession.

Aucun nouveau r茅sultat op茅rationnel ou financier n鈥檈st inclus ; le d茅p么t est uniquement un avis de ventes internes pr茅vues. La poursuite de ventes importantes par les initi茅s 鈥� repr茅sentant plus de 0,8 % des actions en circulation au dernier trimestre 鈥� pourrait susciter des interrogations sur le sentiment et la liquidit茅 chez les investisseurs.

Hagerty, Inc. (HGTY) hat ein Formular 144 eingereicht, in dem angegeben wird, dass Robert I. Kauffman 眉ber Aldel LLC plant, am oder um den 22. Juli 2025 etwa 31.869 Stammaktien (鈮� 324,7 Tsd. USD) 眉ber Merrill Lynch an der NYSE zu verkaufen. Die Aktien entsprechen etwa 0,04 % der 90,7 Mio. ausstehenden Aktien des Unternehmens.

Der Verk盲ufer erwarb urspr眉nglich am 2. Dezember 2021 im Rahmen der PIPE-Finanzierung, die mit der SPAC-Gesch盲ftskombination von Hagerty einherging, 3,5 Mio. Aktien. In den letzten drei Monaten hat dasselbe Konto bereits etwa 704.944 Aktien ver盲u脽ert und dabei einen Bruttoerl枚s von ca. 7,0 Mio. USD erzielt, was einen anhaltenden Desinvestitionstrend zeigt.

Es sind keine neuen operativen oder finanziellen Ergebnisse enthalten; die Meldung dient ausschlie脽lich als Hinweis auf geplante Insider-Verk盲ufe. Anhaltend erhebliche Insider-Verk盲ufe 鈥� 眉ber 0,8 % der ausstehenden Aktien im letzten Quartal 鈥� k枚nnten bei Investoren Bedenken hinsichtlich der Stimmung und Liquidit盲t aufkommen lassen.

Positive
  • None.
Negative
  • Consistent insider selling: ~705 k shares (鈮�0.8 % of O/S) already sold in last 3 months, with another 31.9 k planned, can dampen investor confidence.
  • No offsetting business update: Filing provides no operational metrics or positive catalysts to counter the negative sentiment from insider divestiture.

Insights

TL;DR: Ongoing insider divestiture鈥攡0.8 % of shares sold in 3 months, more planned鈥攕kews negative for sentiment.

Insider Robert I. Kauffman has systematically liquidated ~705 k Hagerty shares since April, raising 鈮� $7 m. The new Form 144 adds another 31.9 k shares. While the stake is small versus the total float, cumulative sales can pressure share supply and signal limited near-term confidence in upside. No offsetting positive disclosures accompany the filing. I view the news as modestly negative for near-term price action and investor perception.

TL;DR: Continuous insider selling reduces conviction; impact limited by small relative size.

From a portfolio-allocation view, the planned sale equates to just 0.04 % of shares outstanding, so mechanical market impact should be minimal. However, the broader pattern鈥�~705 k shares already sold鈥攎ay influence sentiment and could cap rallies. Absent contradictory fundamental catalysts, I categorize the filing as a sentiment head-wind rather than a thesis-changing event.

Hagerty, Inc. (HGTY) ha presentato un Modulo 144 indicando che Robert I. Kauffman, tramite Aldel LLC, intende vendere circa 31.869 azioni ordinarie (鈮� 324,7 mila USD) intorno al 22 luglio 2025 tramite Merrill Lynch alla NYSE. Le azioni rappresentano circa lo 0,04% delle 90,7 milioni di azioni in circolazione della societ脿.

Il venditore ha originariamente acquisito 3,5 milioni di azioni il 2 dicembre 2021 nell'ambito del finanziamento PIPE che ha accompagnato la combinazione aziendale SPAC di Hagerty. Negli ultimi tre mesi, lo stesso conto ha gi脿 ceduto circa 704.944 azioni per un ricavo lordo complessivo di circa 7,0 milioni di USD, evidenziando una tendenza continua alla dismissione.

Non sono inclusi nuovi risultati operativi o finanziari; la comunicazione 猫 esclusivamente un avviso di vendite interne previste. La continua vendita significativa da parte degli insider 鈥� oltre lo 0,8% delle azioni in circolazione nell'ultimo trimestre 鈥� potrebbe sollevare dubbi sul sentiment e sulla liquidit脿 per gli investitori.

Hagerty, Inc. (HGTY) present贸 un Formulario 144 indicando que Robert I. Kauffman, a trav茅s de Aldel LLC, planea vender 31,869 acciones ordinarias (鈮� 324,7 mil USD) alrededor del 22 de julio de 2025 mediante Merrill Lynch en la NYSE. Las acciones representan aproximadamente el 0,04% de las 90,7 millones de acciones en circulaci贸n de la compa帽铆a.

El vendedor adquiri贸 originalmente 3,5 millones de acciones el 2 de diciembre de 2021 como parte de la financiaci贸n PIPE que acompa帽贸 la combinaci贸n de negocios SPAC de Hagerty. En los 煤ltimos tres meses, la misma cuenta ya ha vendido alrededor de 704,944 acciones por un total bruto aproximado de 7,0 millones USD, mostrando una tendencia continua de desinversi贸n.

No se incluyen nuevos resultados operativos o financieros; la presentaci贸n es 煤nicamente un aviso de ventas internas previstas. La continua venta significativa por parte de los insiders 鈥� m谩s del 0,8% de las acciones en circulaci贸n en el 煤ltimo trimestre 鈥� podr铆a generar dudas sobre el sentimiento y la liquidez para los inversores.

Hagerty, Inc. (HGTY)電� 韽� 144毳� 鞝滌稖頃橃棳 Robert I. Kauffman鞚� Aldel LLC毳� 韱淀暣 31,869欤� (鞎� 324,700雼煬)毳� 2025雲� 7鞗� 22鞚缄步 Merrill Lynch毳� 韱淀暣 NYSE鞐愳劀 毵る弰頃� 瓿勴殟鞛勳潉 鞎岆牳鞀惦媹雼�. 鞚� 欤检嫕鞚 須岇偓鞚� 9070毵� 欤� 氚滍枆 欤检嫕鞚� 鞎� 0.04%鞐� 頃措嫻頃╇媹雼�.

韺愲Г鞛愲姅 2021雲� 12鞗� 2鞚� Hagerty鞚� SPAC 靷梾 瓴绊暕鞐� 霐半ジ PIPE 鞛愱笀 臁半嫭鞚� 鞚柬櫂鞙茧 350毵� 欤�毳� 觳橃潓 旆摑頄堨姷雼堧嫟. 歆雮� 3臧滌洈 霃欖晥 霃欖澕 瓿勳電� 鞚措 鞎� 704,944欤�毳� 毵る弰頃橃棳 齑� 鞎� 700毵� 雼煬鞚� 齑濎垬鞚奠潉 鞓Μ氅� 歆靻嶌爜鞚� 毵る弰 於旍劯毳� 氤挫澊瓿� 鞛堨姷雼堧嫟.

靸堧鞖� 鞖挫榿 霕愲姅 鞛 瓴瓣臣電� 韽暔霅橃 鞎婌晿鞙茧┌, 鞚措矆 鞝滌稖鞚 雮措秬鞛� 毵る弰 鞓堨爼 韱奠鞐� 攵堦臣頃╇媹雼�. 歆雮� 攵勱赴 霃欖晥 氚滍枆 欤检嫕鞚� 0.8% 鞚挫儊鞚� 彀頃橂姅 歆靻嶌爜鞚� 雮措秬鞛� 毵る弰電� 韴瀽鞛愲摛 靷澊鞐愳劀 鞁Μ 氚� 鞙犽彊靹膘棎 雽頃� 鞖半牑毳� 攵堧煬鞚检溂韨� 靾� 鞛堨姷雼堧嫟.

Hagerty, Inc. (HGTY) a d茅pos茅 un Formulaire 144 indiquant que Robert I. Kauffman, via Aldel LLC, pr茅voit de vendre 31 869 actions ordinaires (鈮� 324,7 k$) aux alentours du 22 juillet 2025 par l'interm茅diaire de Merrill Lynch 脿 la NYSE. Ces actions repr茅sentent environ 0,04 % des 90,7 millions d'actions en circulation de la soci茅t茅.

Le vendeur a initialement acquis 3,5 millions d鈥檃ctions le 2 d茅cembre 2021 dans le cadre du financement PIPE accompagnant la fusion d'affaires SPAC de Hagerty. Au cours des trois derniers mois, le m锚me compte a d茅j脿 c茅d茅 environ 704 944 actions pour un produit brut total d鈥檈nviron 7,0 millions de dollars, t茅moignant d'une tendance continue 脿 la cession.

Aucun nouveau r茅sultat op茅rationnel ou financier n鈥檈st inclus ; le d茅p么t est uniquement un avis de ventes internes pr茅vues. La poursuite de ventes importantes par les initi茅s 鈥� repr茅sentant plus de 0,8 % des actions en circulation au dernier trimestre 鈥� pourrait susciter des interrogations sur le sentiment et la liquidit茅 chez les investisseurs.

Hagerty, Inc. (HGTY) hat ein Formular 144 eingereicht, in dem angegeben wird, dass Robert I. Kauffman 眉ber Aldel LLC plant, am oder um den 22. Juli 2025 etwa 31.869 Stammaktien (鈮� 324,7 Tsd. USD) 眉ber Merrill Lynch an der NYSE zu verkaufen. Die Aktien entsprechen etwa 0,04 % der 90,7 Mio. ausstehenden Aktien des Unternehmens.

Der Verk盲ufer erwarb urspr眉nglich am 2. Dezember 2021 im Rahmen der PIPE-Finanzierung, die mit der SPAC-Gesch盲ftskombination von Hagerty einherging, 3,5 Mio. Aktien. In den letzten drei Monaten hat dasselbe Konto bereits etwa 704.944 Aktien ver盲u脽ert und dabei einen Bruttoerl枚s von ca. 7,0 Mio. USD erzielt, was einen anhaltenden Desinvestitionstrend zeigt.

Es sind keine neuen operativen oder finanziellen Ergebnisse enthalten; die Meldung dient ausschlie脽lich als Hinweis auf geplante Insider-Verk盲ufe. Anhaltend erhebliche Insider-Verk盲ufe 鈥� 眉ber 0,8 % der ausstehenden Aktien im letzten Quartal 鈥� k枚nnten bei Investoren Bedenken hinsichtlich der Stimmung und Liquidit盲t aufkommen lassen.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 22, 2025
 
KKR AG真人官方 Estate Finance Trust Inc.
(Exact name of registrant as specified in its charter) 
 
 
Maryland 001-38082 47-2009094
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
 
30 Hudson Yards,Suite 7500
New York,New York 10001
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (212) 750-8300

Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
                 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
                 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
                 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
                 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.01 per shareKREFNew York Stock Exchange
6.50% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per shareKREF PRANew York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  




Item 2.02    Results of Operations and Financial Condition.

On July 22, 2025, KKR AG真人官方 Estate Finance Trust Inc. (the “Company”) issued an earnings release and supplemental financial information announcing its financial results for the quarter ended June 30, 2025. The earnings release and supplemental financial information are furnished as Exhibit 99.1 and Exhibit 99.2, respectively, hereto and are incorporated herein by reference.

The information in Item 2.02 of this Current Report, including Exhibits 99.1 and 99.2, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended (the “Securities Act”), unless it is specifically incorporated by reference therein.

Forward-Looking statements

This Report contains forward-looking statements within the meaning of the “safe harbor” provisions of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to the Company or are within its control. The forward-looking statements speak only as of the date of this Report or as of the date they are made, and the Company does not undertake any obligation to update any forward-looking statements except as required by law. Information about factors affecting the Company and the forward-looking statements is available in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission, which are available at www.sec.gov.

Item 9.01    Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit No.Description
99.1
Earnings Release dated July 22, 2025
99.2
Supplemental Financial Information for the quarter ended June 30, 2025
104Cover Page Interactive Data File, formatted in Inline XBRL (embedded within the Inline XBRL document)



SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  
 KKR AG真人官方 Estate Finance Trust Inc.
By: /s/ Kelly Galligan
 Name:    Kelly Galligan
 Title:    General Counsel and Secretary
 
Date: July 22, 2025

FAQ

Why did Hagerty (HGTY) file a Form 144?

To notify the SEC of Robert I. Kauffman鈥檚 intent to sell 31,869 common shares around 22 Jul 2025.

How many Hagerty shares has the insider recently sold?

Over the past three months, the filer disposed of approximately 704,944 shares for roughly $7.0 million in proceeds.

What percentage of Hagerty鈥檚 outstanding shares does the new sale represent?

The planned 31,869-share sale equals about 0.04 % of the 90.7 million shares outstanding.

When were the shares originally acquired?

The insider acquired 3.5 million shares on 2 Dec 2021 through PIPE financing tied to Hagerty鈥檚 SPAC merger.

Does the filing include any financial performance data?

No. Form 144 is a trading notice and contains no revenue, earnings, or guidance information.
Kkr AG真人官方 Estate

NYSE:KREF

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REIT - Mortgage
AG真人官方 Estate Investment Trusts
United States
NEW YORK