Sounds like a file or device contention issue within Explorer and the USB3 driver, either in camera or in Windows.
Do you get the same issue if, for example, you open up an external USB3 hard drive or thumb drive, then open two windows on it within Explorer, and try and simultaneously copy material from each window onto your PC?
Anyway, a simple workaround to your problem seems to be to just copy from each disk (SD1, SD2) serially, one at a time, using just one window within Explorer, rather than trying to copy from both disks at once.
You could probably debug this using tools like perfmon or some of the
sysinternals tools like Process Monitor or Process Explorer. It would be particularly interesting to see what is going on when Explorer hangs.
I suggest that you report the problem to your local Pentax support people. The camera should recover better from USB problems, even if the fault may lie with Microsoft and Windows.
It will be interesting to find out if there are any Apple or Linux K-3 users who can do simultaneous file copying from SD1 and SD2 to their Mac or Linux PC using a USB 3 cable ... If Mac and Linux have no problems, it's a MS issue. If Mac and Linux have problems, it's more likely to be a Pentax or USB3 issue.