Item 1A. RISK FACTORS.

Other than as set forth in "Management's Discussion and Analysis of Financial Condition and Results of Operations—

Business Environment" in this report, there were no material changes to the risk factors disclosed in our Annual Report.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Share Repurchases in the Three Months Ended March 31, 2026

Under our current share repurchase program, KKR is authorized to repurchase its common stock from time to time in

open market transactions, in privately negotiated transactions or otherwise. The timing, manner, price and amount of any

common stock repurchases will be determined by KKR in its discretion and will depend on a variety of factors, including legal

requirements, price and economic and market conditions. KKR expects that the program, which has no expiration date, will

continue to be in effect until the maximum approved dollar amount has been used. The program does not require KKR to

repurchase any specific number of shares of common stock, and the program may be suspended, extended, modified or

discontinued at any time. In addition to the repurchases of common stock described above, the repurchase program is used

for the retirement (by cash settlement or the payment of tax withholding amounts upon net settlement) of equity awards

issued pursuant to our Equity Incentive Plan representing the right to receive shares of common stock.

As of May 1, 2026, there is approximately $122 million remaining under KKR's share repurchase program.

The table below sets forth the information with respect to repurchases made by or on behalf of KKR & Co. Inc. or any

"affiliated purchaser" (as defined in Rule 10b-18(a)(3) under the Exchange Act) of our common stock for the periods

presented. During the three months ended March 31, 2026, 2,173,970 shares of common stock were repurchased, and 578

equity awards were retired.


Issuer Purchases of Common Stock
(amounts in thousands, except share and per share amounts)

	Total Number of Shares Purchased	Average Price Paid Per Share	Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
Month #1 (January 1, 2026 to January 31, 2026)	—	$—	—	$439,178
Month #2 (February 1, 2026 to February 28, 2026)	21,598	$92.60	21,598	$437,133
Month #3 (March 1, 2026 to March 31, 2026)	2,152,372	$87.92	2,152,372	$247,877
Total through March 31, 2026	2,173,970		2,173,970	$247,877

(1)Our existing share repurchase program was announced in April 2024. In March 2026, the share repurchase program was amended such that when the

remaining available amount under the share repurchase program becomes $50 million or less, the total available amount under the share repurchase

program will automatically increase by an additional $500 million to the then remaining available amount (the “Share Repurchase Program Increase

Threshold”). As of May 1, 2026, there was approximately $122 million remaining under the program. Any additional increases to the total available

amount after the Share Repurchase Program Increase Threshold is reached would require a separate approval by the Board of Directors of KKR & Co. Inc.

The repurchase program does not have an expiration date.

Unregistered Sales of Equity in the Three Months Ended March 31, 2026

On March 30, 2026, we issued 15,105 shares of KKR & Co. Inc. common stock to one of our fund investors in connection

with arrangements related to the fees paid by such fund investor with respect to its investments. The shares were issued

pursuant to Section 4(a)(2) of the Securities Act, exempting issuances by an issuer not involving a public offering.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

Not applicable.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.