American Financial Group (AFG) family trusts sell 11,370 shares around $135

Rhea-AI Filing Summary

American Financial Group director and subsidiary president David Lawrence Thompson Jr. reported an indirect open-market sale of 11,370 shares of common stock on June 23, 2026. The shares were sold by family trusts at a weighted average price of $135.048, with individual trades ranging from $135.00 to $135.24.

After this transaction, trusts associated with his family held 584,097.586 shares of American Financial Group common stock, and additional indirect holdings included 30,083.543 shares as custodian for minor children and 357,044 shares held by trusts. The reporting person has voting and dispositive power over certain trust shares but disclaims beneficial ownership except for his family's pecuniary interest.

Insights

Equity ownership analyst

Small, indirect family-trust sale; overall position remains large.

Family trusts associated with American Financial Group executive David Lawrence Thompson Jr. sold 11,370 shares of common stock at a weighted average price of $135.048 on June 23, 2026. The sale was executed in multiple trades between $135.00 and $135.24.

Following the sale, family trusts still held 584,097.586 shares, with additional indirect holdings of 30,083.543 shares as custodian for minor children and 357,044 shares by other trusts. The filing notes that he has voting and dispositive power over certain trust shares but disclaims beneficial ownership beyond his family’s pecuniary interest, indicating these are primarily estate and family-planning structures rather than purely personal holdings.

Insider Trade Summary

Net Seller: 11,370 shares ($1,535,496)

Net Sell 3 txns

Insider Thompson David Lawrence Jr

Role President of Subsidiary

Sold 11,370 shs ($1.54M)

Type	Security	Shares	Price	Value
Sale	Common Stock	11,370	$135.048	$1.54M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 584,097.586 shares (Indirect, By Trusts)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.00 to $135.24, 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 Total shares reported includes dividend shares held as of June 23, 2026. Held in trusts for the benefit of members of the reporting person's family where reporting person or his spouse serve as trustee. Held in trusts for which reporting person has voting and dispositive power. Reporting person disclaims beneficial ownership of shares held by such trusts except to the extent of the pecuniary interest held by his family.

Key Figures

Shares sold: 11,370 shares Average sale price: $135.048 per share Post-sale trust holdings: 584,097.586 shares +3 more

6 metrics

Shares sold 11,370 shares Open-market sale on June 23, 2026

Average sale price $135.048 per share Weighted average sale price

Post-sale trust holdings 584,097.586 shares Held by family trusts after transaction

Custodian holdings 30,083.543 shares Held as custodian for minor children

Other trust holdings 357,044 shares Held by trusts as reported

Price range $135.00–$135.24 Range of individual sale prices

Key Terms

open-market sale, weighted average price, pecuniary interest, disclaims beneficial ownership, +1 more

5 terms

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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.

pecuniary interest financial

"except to the extent of the pecuniary interest held by his family."

disclaims beneficial ownership financial

"Reporting person disclaims beneficial ownership of shares held by such trusts"

voting and dispositive power financial

"for which reporting person has voting and dispositive power."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/24/2026 - 04:32 PM Accepted by SEC EDGAR 06/24/2026 - 04:30 PM Learn about SEC filing dates

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^*

Thompson David Lawrence Jr

(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)
	President of Subsidiary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

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	06/23/2026		S		11,370	D	$135.048(1)	584,097.586(2)	I	By Trusts(3)
Common Stock								357,044	I	By Trusts(4)
Common Stock								30,083.543(2)	I	As Custodian for minor children

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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.00 to $135.24, 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. Total shares reported includes dividend shares held as of June 23, 2026.

3. Held in trusts for the benefit of members of the reporting person's family where reporting person or his spouse serve as trustee.

4. Held in trusts for which reporting person has voting and dispositive power. Reporting person disclaims beneficial ownership of shares held by such trusts except to the extent of the pecuniary interest held by his family.

	David L. Thompson, Jr. By: Joseph C. Alter, as Attorney-in-Fact	06/24/2026
	** 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)

FAQ

What insider transaction did AFG’s David Lawrence Thompson Jr. report?

He reported an indirect open-market sale of 11,370 shares of American Financial Group common stock. The sale was executed on June 23, 2026, through family trusts associated with him, rather than from a direct personal brokerage account.

At what price were the AFG shares sold in this Form 4 filing?

The 11,370 American Financial Group shares were sold at a weighted average price of $135.048. Individual trades occurred between $135.00 and $135.24, and the reporting person can provide exact breakdowns on request to investors or regulators.

How many AFG shares do the family trusts hold after the sale?

After the sale, family trusts associated with the reporting person held 584,097.586 American Financial Group shares. This figure includes dividend shares held as of June 23, 2026, reflecting a substantial remaining indirect ownership position in the company.

Does David Lawrence Thompson Jr. have other indirect AFG holdings?

Yes. In addition to 584,097.586 shares held by family trusts, 30,083.543 shares are held as custodian for minor children and 357,044 shares are held by other trusts. These positions are reported as indirect ownership in the Form 4 filing.

What does it mean that Thompson disclaims beneficial ownership of some AFG shares?

The filing explains that certain shares are held in trusts for his family, where he or his spouse serve as trustee. He has voting and dispositive power but disclaims beneficial ownership except to the extent of his family’s pecuniary interest in those trust-held shares.

Were derivatives or stock options involved in this AFG insider transaction?

No derivative securities are reported in this Form 4. The transaction summary shows a net sale of 11,370 non-derivative common shares, with zero derivative exercises or derivative positions listed in the derivative security section.