American Financial Group: 838,480-share family transfer

September distributions placed shares in spouse-benefit and family trusts; a family trust later made a 32-share gift.

Available on EDGAR 11/06/2026 - 04:31 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:30 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

American Financial Group Inc. (AFG) disclosed indirect common-stock transfers in a pro rata distribution from Seraphim Partners LLC, an entity owned and controlled by Lindner family members. Seraphim Partners disposed of 838,480 shares on September 15, 2026. On September 16, 2026, trusts for the spouse of AFG Co-CEO and director Carl H. Lindner III acquired 8,385 shares, and the Carl H. Lindner III Family Trust acquired 228,987 shares. That trust also gifted 32 shares on November 5, 2026.

Insider Trade Summary

32 shares gifted

Gift 4 txns

Insider LINDNER CARL H III

Role Co-CEO

Type	Security	Shares	Price	Value
Gift	Common Stock F5	32	$0.00	$0.00
Other	Common Stock F1, F2, F4	8,385	$0.00	$0.00
Other	Common Stock F1, F2, F5	228,987	$0.00	$0.00
Holding	Common Stock F6	--	--	--
Holding	Common Stock F7	--	--	--
Holding	Common Stock F8	--	--	--
Other	Common Stock F1, F2, F3	838,480	$0.00	$0.00

Holdings After Transaction: Common Stock — 0 shares (Indirect, Indirect #12); Common Stock — 351,547 shares (Indirect, Indirect #2); Common Stock — 3,289,023 shares (Indirect, Indirect #1); Common Stock — 525,043 shares (Indirect, Indirect #13); Common Stock — 493,602 shares (Indirect, Indirect #14); Common Stock — 103,131 shares (Indirect, Indirect #15)

Holdings Before and After: Common Stock, 838,480 to 0 shares (Indirect, Indirect #12); Common Stock, 343,162 to 351,547 shares (Indirect, Indirect #2); Common Stock, 3,060,068 to 3,289,023 shares (Indirect, Indirect #1)

Footnotes (8)

1. F1. Shares distributed from Seraphim Partners LLC (fka CHL Investments, LLC), an entity owned and controlled entirely by Lindner family members, directly or indirectly, including the reporting party's spouse. All shares owned by Seraphim LLC were distributed pro rata to the Lindner family owners in accordance with the LLC's governing documents.
2. F2. Total reflects shares distributed from Seraphim Partners LLC (fka CHL Investments, LLC) ("Seraphim"), an entity owned and controlled entirely by Lindner family members, directly or indirectly. All shares owned by Seraphim were distributed pro rata to the Lindner family owners in accordance with the LLC's governing documents.
3. F3. Indirect #12: Seraphim Partners LLC (fka CHL Investments, LLC).
4. F4. Indirect #2: Trusts for the benefit of the reporting party's spouse. Total reflects shares distributed from Seraphim in accordance with the LLC's governing documents.
5. F5. Indirect #1: CHL III, TTEE (or his Successors) of the Carl H. Lindner III Family Trust DTD 8/29/02 as Amended.
6. F6. Indirect #13: By C3 Family Trust 2010-1.
7. F7. Indirect #14: C3 QAT Dtd 9/25/20.
8. F8. Indirect #15: By #13 C3 Legacy Trust 12/1/20.

Key Figures

Shares disposed by Seraphim Partners: 838,480 shares Shares acquired by spouse-benefit trusts: 8,385 shares Shares acquired by the Carl H. Lindner III Family Trust: 228,987 shares +3 more

6 metrics

Shares disposed by Seraphim Partners 838,480 shares September 15, 2026

Shares acquired by spouse-benefit trusts 8,385 shares September 16, 2026

Shares acquired by the Carl H. Lindner III Family Trust 228,987 shares September 16, 2026

Shares gifted by the Carl H. Lindner III Family Trust 32 shares November 5, 2026

Seraphim Partners shares following the transfer 0 shares Reported after the September 15, 2026 transaction

Spouse-benefit trusts' shares following the acquisition 351,547 shares Reported after the September 16, 2026 transaction

Key Terms

pro rata, LLC, governing documents

3 terms

pro rata financial

"distributed pro rata to the Lindner family owners"

Pro rata means dividing or distributing something proportionally based on a specific factor, such as ownership or contribution. For example, if an investor owns 10% of a company, they would receive 10% of any dividends or benefits allocated. This approach ensures everyone gets their fair share relative to their stake or input, helping investors understand how benefits, costs, or responsibilities are fairly shared.

LLC technical

"Seraphim Partners LLC"

A limited liability company (LLC) is a legal business structure that shields owners’ personal assets from the company’s debts and legal claims while letting the business operate with flexible management rules. For investors, an LLC matters because it changes how risk, taxes and ownership transfers work—profits often flow through to owners’ personal tax returns and liability is typically limited, so investing in an LLC is like putting a financial firewall between your personal finances and the business.

governing documents regulatory

"in accordance with the LLC's governing documents"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What share transfers were reported for AFG in September 2026?

Seraphim Partners LLC disposed of 838,480 shares on September 15, 2026, as part of a pro rata distribution among Lindner family owners. On September 16, 2026, trusts for the spouse of AFG Co-CEO and director Carl H. Lindner III acquired 8,385 shares, while the Carl H. Lindner III Family Trust acquired 228,987 shares.

How many AFG shares did the Carl H. Lindner III Family Trust gift?

The Carl H. Lindner III Family Trust gifted 32 shares on November 5, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LINDNER CARL H III

(Last) (First) (Middle)

301 EAST FOURTH STREET

(Street)

CINCINNATI OHIO 45202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN FINANCIAL GROUP INC [ AFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/15/2026		J		838,480(1)	D	$0	0(2)	I	Indirect #12(3)
Common Stock	09/16/2026		J		8,385(1)	A	$0	351,547(2)	I	Indirect #2(4)
Common Stock	09/16/2026		J		228,987(1)	A	$0	3,289,055(2)	I	Indirect #1(5)
Common Stock	11/05/2026		G		32	D	$0	3,289,023	I	Indirect #1(5)
Common Stock								525,043	I	Indirect #13(6)
Common Stock								493,602	I	Indirect #14(7)
Common Stock								103,131	I	Indirect #15(8)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares distributed from Seraphim Partners LLC (fka CHL Investments, LLC), an entity owned and controlled entirely by Lindner family members, directly or indirectly, including the reporting party's spouse. All shares owned by Seraphim LLC were distributed pro rata to the Lindner family owners in accordance with the LLC's governing documents.

2. Total reflects shares distributed from Seraphim Partners LLC (fka CHL Investments, LLC) ("Seraphim"), an entity owned and controlled entirely by Lindner family members, directly or indirectly. All shares owned by Seraphim were distributed pro rata to the Lindner family owners in accordance with the LLC's governing documents.

3. Indirect #12: Seraphim Partners LLC (fka CHL Investments, LLC).

4. Indirect #2: Trusts for the benefit of the reporting party's spouse. Total reflects shares distributed from Seraphim in accordance with the LLC's governing documents.

5. Indirect #1: CHL III, TTEE (or his Successors) of the Carl H. Lindner III Family Trust DTD 8/29/02 as Amended.

6. Indirect #13: By C3 Family Trust 2010-1.

7. Indirect #14: C3 QAT Dtd 9/25/20.

8. Indirect #15: By #13 C3 Legacy Trust 12/1/20.

	Carl H. Lindner, III By: Joseph C. Alter, as Attorney-in-Fact	11/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)