To have a PSK enforcement, you must have a spot where the kick ends. This could be where R possesses the kick, where the kick goes out of bounds untouched by K, the spot where K first touches the kick, or the spot where the kick is on the ground motionless and no player attempts to secure possession. If an IW happens prior to any of the above, the PSK enforcement spot has not been established so the down must be replayed per 4-2-3a.
I believe that this is the NF's intent even though they do a poor job of explaining and their Power Point slide show states that the ball must be in R's possession when the down ends.
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