What indirect AFG share holdings remain reported for Carl H. Lindner III after these transactions?

The filing lists indirect holdings of 343,162 shares (Martha S. Lindner Family Trust), 838,480 shares (Seraphim Partners LLC), 525,043 shares (C3 Family Trust 2010-1), 493,602 shares (C3 QAT Dtd 9/25/20), and 103,131 shares (C3 Legacy Trust 12/1/20).

Were Carl H. Lindner III’s AFG share sales under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not checked, so the transactions are not affirmed as being pursuant to a Rule 10b5-1 trading plan in this filing.

American Financial co-CEO Lindner sells 90K shares

Q: What insider transactions did AFG Co-CEO Carl H. Lindner III report in this Form 4 for AFG?

He reported two open-market sales of AMERICAN FINANCIAL GROUP INC common stock held indirectly through a family trust, totaling 90,000 shares sold on 2026-08-24 and 2026-08-26.

Q: How many AFG shares did Carl H. Lindner III indirectly sell and at what prices?

A family trust associated with him sold 8,627 shares at a weighted average price of $144.6632 on 2026-08-24 and 81,373 shares at a weighted average price of $144.2812 on 2026-08-26.

Q: Which entity actually sold the AFG shares reported for Carl H. Lindner III?

The sales were by an indirect holding identified as “Indirect #1: CHL III, TTEE (or his Successors) of the Carl H. Lindner III Family Trust DTD 8/29/02 as Amended.”

Q: How many total AFG shares does this Form 4 show as sold and what is the net direction?

The transaction summary shows 90,000 shares sold, no purchases, and a net direction of “net-sell.”

AMERICAN FINANCIAL GROUP INC (AFG) insider Carl H. Lindner III, Co-CEO and director, reported open-market sales of company common stock held indirectly.

Filing Impact

(Neutral)

Filing Sentiment

(Very Negative)How Sentiment works

Sentiment and the balance of points

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How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

AMERICAN FINANCIAL GROUP INC (AFG) insider Carl H. Lindner III, Co-CEO and director, reported open-market sales of company common stock held indirectly. A family trust sold 8,627 shares on 2026-08-24 at a weighted average price of $144.6632 per share and 81,373 shares on 2026-08-26 at a weighted average price of $144.2812, totaling 90,000 shares sold. The filing also reports significant remaining indirect holdings across multiple trusts and entities.

Insider Trade Summary

Net Seller: 90,000 shares

Net Sell 7 txns

Insider LINDNER CARL H III

Role Co-CEO

Sold 90,000 shs ($12.99M)

Type	Security	Shares	Price	Value
Sale	Common Stock ^{F2, F3}	81,373	$144.2812	$11.74M
Sale	Common Stock ^{F1, F3}	8,627	$144.6632	$1.25M
holding	Common Stock ^F4	--	--	--
holding	Common Stock ^F5	--	--	--
holding	Common Stock ^F6	--	--	--
holding	Common Stock ^F7	--	--	--
holding	Common Stock ^F8	--	--	--

Holdings After Transaction: Common Stock — 3,060,068 shares (Indirect, Indirect #1); Common Stock — 343,162 shares (Indirect, Indirect #2); Common Stock — 838,480 shares (Indirect, Indirect #12); Common Stock — 525,043 shares (Indirect, Indirect #13); Common Stock — 493,602 shares (Indirect, Indirect #14); Common Stock — 103,131 shares (Indirect, Indirect #15)

Footnotes (8)

F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.50 to $145.50, inclusive. The reporting person undertakes to provide to American Financial Group, Inc., ("AFG"), any security holder of AFG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4
F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.00 to $144.775, inclusive. The reporting person undertakes to provide to American Financial Group, Inc., ("AFG"), any security holder of AFG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4
F3. Indirect #1: CHL III, TTEE (or his Successors) of the Carl H. Lindner III Family Trust DTD 8/29/02 as Amended.
F4. Indirect #2: Martha S. Lindner, (or her Successor) of the Martha S. Lindner Family Trust DTD 8/30/02 as amended.
F5. Indirect #12: Seraphim Partners LLC fka CHL Investments, LLC
F6. Indirect #13: By C3 Family Trust 2010-1
F7. Indirect #14: C3 QAT Dtd 9/25/20.
F8. Indirect #15: By #13 C3 Legacy Trust 12/1/20.

Key Figures

Shares sold on 2026-08-24: 8,627 shares of Common Stock Weighted average sale price on 2026-08-24: $144.6632 per share Shares sold on 2026-08-26: 81,373 shares of Common Stock +5 more

8 metrics

Shares sold on 2026-08-24 8,627 shares of Common Stock Indirect sale by Carl H. Lindner III family trust

Weighted average sale price on 2026-08-24 $144.6632 per share Multiple transactions in a range from $144.50 to $145.50

Shares sold on 2026-08-26 81,373 shares of Common Stock Indirect sale by Carl H. Lindner III family trust

Weighted average sale price on 2026-08-26 $144.2812 per share Multiple transactions in a range from $144.00 to $144.775

Total net shares sold 90,000 shares Aggregate of reported open-market sales, net-sell direction

Indirect holding Indirect #2 343,162 shares of Common Stock Held by Martha S. Lindner Family Trust DTD 8/30/02 as amended

Indirect holding Indirect #12 838,480 shares of Common Stock Held by Seraphim Partners LLC fka CHL Investments, LLC

Indirect holding Indirect #15 103,131 shares of Common Stock Held by #13 C3 Legacy Trust 12/1/20

Key Terms

weighted average price, Indirect #1, Family Trust, Limited Liability Company

4 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Indirect #1 financial

"Indirect #1: CHL III, TTEE (or his Successors) of the Carl H."

Family Trust financial

"Family Trust DTD 8/29/02 as Amended."

Limited Liability Company financial

"Seraphim Partners LLC fka CHL Investments, LLC"

A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.

FAQ

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

What insider transactions did AFG Co-CEO Carl H. Lindner III report in this Form 4 for AFG?

He reported two open-market sales of AMERICAN FINANCIAL GROUP INC common stock held indirectly through a family trust, totaling 90,000 shares sold on 2026-08-24 and 2026-08-26.

How many AFG shares did Carl H. Lindner III indirectly sell and at what prices?

A family trust associated with him sold 8,627 shares at a weighted average price of $144.6632 on 2026-08-24 and 81,373 shares at a weighted average price of $144.2812 on 2026-08-26.

Which entity actually sold the AFG shares reported for Carl H. Lindner III?

The sales were by an indirect holding identified as “Indirect #1: CHL III, TTEE (or his Successors) of the Carl H. Lindner III Family Trust DTD 8/29/02 as Amended.”

How many total AFG shares does this Form 4 show as sold and what is the net direction?

The transaction summary shows 90,000 shares sold, no purchases, and a net direction of “net-sell.”

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

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Available on EDGAR 08/26/2026 - 04:31 PM EDT Accepted by SEC EDGAR 08/26/2026 - 04:30 PM EDT

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)
08/24/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/24/2026		S		8,627	D	$144.6632⁽¹⁾	3,141,441	I	Indirect #1⁽³⁾
Common Stock	08/26/2026		S		81,373	D	$144.2812⁽²⁾	3,060,068	I	Indirect #1⁽³⁾
Common Stock								343,162	I	Indirect #2⁽⁴⁾
Common Stock								838,480	I	Indirect #12⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.50 to $145.50, inclusive. The reporting person undertakes to provide to American Financial Group, Inc., ("AFG"), any security holder of AFG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.00 to $144.775, inclusive. The reporting person undertakes to provide to American Financial Group, Inc., ("AFG"), any security holder of AFG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4

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

4. Indirect #2: Martha S. Lindner, (or her Successor) of the Martha S. Lindner Family Trust DTD 8/30/02 as amended.

5. Indirect #12: Seraphim Partners LLC fka CHL Investments, LLC

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	08/26/2026
	** 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)

Source: View Original Filing on SEC EDGAR