American Financial Group (NYSE: AFG) director files Form 4 on 574-share internal transfer

Rhea-AI Filing Summary

American Financial Group Inc. (AFG) director reports internal share transfers. Director S. Craig Lindner Jr. reported transactions in AFG common stock dated 12/03/2025. The filing shows a transfer coded "G" involving 574 shares of common stock deducted from an indirect holding labeled Indirect #1 at a reported price of $0, and a matching 574 shares added to Indirect #2, also at $0, indicating a non-market, no‑cash transfer between related accounts.

Following these transactions, Lindner Jr. is reported as indirectly beneficially owning 326,156 shares of AFG common stock through Indirect #1, 52,351 shares through Indirect #2, and an additional 9,904 shares through a spouse. The trusts associated with Indirect #1 are described as holdings for which the reporting person has voting and dispositive power, while Indirect #2 is held for the benefit of the reporting person’s children.

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 Stephen Craig Jr

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/03/2025

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	12/03/2025		G		574	D	$0	326,156	I	By Indirect #1(1)
Common Stock	12/03/2025		G		574	A	$0	52,351	I	By Indirect #2(2)
Common Stock								9,904	I	By Spouse

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. Held in trusts for which reporting person has voting and dispositive power.

2. Held for the benefit of reporting person's children.

	S. Craig Lindner, Jr. By: Joseph C. Alter, as Attorney-in-Fact	12/05/2025
	** 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.
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.

FAQ

What insider transaction did AFG director S. Craig Lindner Jr. report?

The director reported a transaction on 12/03/2025 coded "G" involving the transfer of 574 shares of American Financial Group Inc. (AFG) common stock from one indirect account (Indirect #1) and a matching acquisition of 574 shares in another indirect account (Indirect #2), both reported at a price of $0.

How many American Financial Group (AFG) shares does the director beneficially own after the transaction?

After the reported transactions, S. Craig Lindner Jr. is shown as indirectly beneficially owning 326,156 AFG shares through Indirect #1, 52,351 AFG shares through Indirect #2, and 9,904 AFG shares through a spouse.

What does the transaction code "G" mean in the AFG Form 4 filing?

The transaction in AFG common stock is coded "G", which indicates a transfer of shares. In this case, the filing shows 574 shares moved out of one indirect holding and the same number moved into another indirect holding, both at a reported price of $0.

What are Indirect #1 and Indirect #2 in the AFG insider report?

Indirect #1 represents trusts for which the reporting person has voting and dispositive power. Indirect #2 is described as being held for the benefit of the reporting person’s children. Both accounts hold AFG common stock indirectly for the director.

What is the director’s relationship to American Financial Group (AFG)?

The filing identifies S. Craig Lindner Jr. as a Director of American Financial Group Inc. (AFG), with the Form 4 filed for one reporting person.

Did the AFG Form 4 transaction involve a cash price?

No cash consideration is shown. Both the 574-share disposition from Indirect #1 and the 574-share acquisition by Indirect #2 are reported at a price of $0, indicating a non-market transfer.