American Financial Group (AFG) Co-CEO reports Form 4 stock transfer

Rhea-AI Filing Summary

American Financial Group Co-CEO and director S. Craig Lindner reported a disposition of 3,342 shares of common stock on 12/15/2025 at a price of $ 0. The transaction was reported as an indirect holding labeled Indirect #1.

Following this transfer, he beneficially owns 2,860,721 shares of common stock through the SCL Living Trust and other indirect positions, including 1,146,494 shares by the SCL Trust and 112,935.89 shares held in the Company's Retirement and Savings Plan based on a statement dated 02/24/25.

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

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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 S CRAIG

(Last) (First) (Middle)

301 EAST FOURTH STREET

(Street)

CINCINNATI OH 45202

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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

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

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

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	12/15/2025		G		3,342	D	$0	2,860,721	I	Indirect #1(1)
Common Stock								1,146,494	I	Indirect #2(2)
Common Stock								116,578	I	Indirect #3(3)
Common Stock								3,000	I	Indirect #4(4)
Common Stock								3,000	I	Indirect #5(5)
Common Stock								134,044	I	Indirect #6(6)
Common Stock								112,935.89	I	Indirect #12(7)

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. Indirect #1: SCL TTEE of the SCL Living Trust DTD 03/30/83.

2. Indirect #2: By SCL Trust.

3. Indirect #3: By Franes R. Lindner, Trustee for the Frances R. Lindner Living Trust dated 9/13/93.

4. Indirect #4: By Dynasty Trust.

5. Indirect #5: By GST Trust.

6. Indirect #6: By Legacy Trust 10/30/20.

7. Indirect #12: Held in the Company's Retirement and Savings Plan. The number of shares of Common Stock is based on a statement dated as of 02/24/25.

	S. Craig Lindner By: Joseph C. Alter, as Attorney-in-Fact	12/16/2025
	** 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.
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FAQ

What insider transaction did American Financial Group (AFG) report in this Form 4?

The filing reports that Co-CEO and director S. Craig Lindner disposed of 3,342 shares of American Financial Group common stock on 12/15/2025 at a price of $ 0, coded as transaction type "G".

Who is the reporting person in the American Financial Group (AFG) Form 4 and what is their role?

The reporting person is S. Craig Lindner, who is listed as a director and officer of American Financial Group, with the officer title given as Co-CEO.

How many American Financial Group (AFG) shares does S. Craig Lindner beneficially own after the transaction?

After the reported transaction, S. Craig Lindner beneficially owns several indirect positions, including 2,860,721 shares as Indirect #1, 1,146,494 shares as Indirect #2, 116,578 shares as Indirect #3, 3,000 shares each as Indirect #4 and #5, 134,044 shares as Indirect #6, and 112,935.89 shares as Indirect #12.

How are S. Craig Lindner's American Financial Group (AFG) holdings structured?

The indirect holdings are reported through multiple entities: Indirect #1 is SCL TTEE of the SCL Living Trust DTD 03/30/83; Indirect #2 is by SCL Trust; Indirect #3 is by Franes R. Lindner, Trustee for the Frances R. Lindner Living Trust dated 9/13/93; Indirect #4 is by Dynasty Trust; Indirect #5 is by GST Trust; Indirect #6 is by Legacy Trust 10/30/20; and Indirect #12 is held in the Company's Retirement and Savings Plan based on a statement dated 02/24/25.

Does this American Financial Group (AFG) Form 4 involve derivative securities?

The filing includes a table for derivative securities, but no derivative securities transactions are reported; the activity disclosed relates only to common stock.

Is the American Financial Group (AFG) Form 4 filed by one or multiple reporting persons?

The document indicates that the Form is filed by one reporting person, not by more than one reporting person.