[Form 4] The Allstate Corporation Insider Trading Activity

Rhea-AI Filing Summary

Thomas J. Wilson, Chairman, President & CEO of The Allstate Corporation (ALL), reported changes in indirect holdings of company stock options on August 22, 2025. The filing shows assignments among related trusts: the Thomas J. Wilson 2023-A GRAT Trust transferred 100% of membership interests in TJW Options LLC 2018 Series Last Third to the Thomas J. Wilson 2020 GRAT Remainder Trust and transferred 10.654% of membership interests in TJW Options LLC 2019 Series Middle Third to the same remainder trust. The Form 4 lists multiple employee stock options with exercise prices of $92.80 and $92.46, underlying common stock amounts shown at 75,802, 89,915, and other tranche balances. Some tranches show dispositions to zero while others remain indirectly owned by TJW Options LLC.

Insights

Financial Analyst

TL;DR: Insider reassignment of option-holding LLC interests between family trusts, leaving substantial indirect option positions intact.

The filing documents intra-family trust transfers that reallocate membership interests in entities holding Allstate employee stock options. Key figures include a full assignment of the 2018 Series Last Third and a 10.654% assignment of the 2019 Series Middle Third, both dated August 22, 2025. Multiple option tranches remain listed with exercise prices at $92.80 and $92.46 and underlying share counts such as 75,802 and 89,915. From an investor lens, this is an ownership-structure and estate-planning action rather than an outright sale of shares, and the options largely remain under indirect control of entities associated with Mr. Wilson.

Corporate Governance Expert

TL;DR: The report reflects estate-planning transfers of option-holding LLC interests, raising no immediate governance alarm but worth noting for insider ownership tracking.

The Form 4 shows documented assignments among related trusts for membership interests in TJW Options LLC series holdings. These movements are properly disclosed and signed by an attorney-in-fact, indicating procedural compliance. Materiality is limited: the transactions change beneficial ownership structure but do not evidence open-market dispositions of underlying common stock. Investors should record the updated indirect ownership allocations when assessing insider concentration.

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^*

WILSON THOMAS J

(Last) (First) (Middle)

C/O THE ALLSTATE CORPORATION

3100 SANDERS ROAD

(Street)

NORTHBROOK IL 60062-7154

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ALLSTATE CORP [ ALL ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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

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
Employee Stock Option (Right to Buy)	$92.8	08/22/2025		G			75,802	02/22/2021	02/22/2028	Common Stock	75,802	$0	0	I	By TJW Options LLC 2018 Series Last Third(1)
Employee Stock Option (Right to Buy)	$92.8	08/22/2025		G		75,802		02/22/2021	02/22/2028	Common Stock	75,802	$0	75,802	I	By TJW Options LLC 2018 Series Last Third(1)
Employee Stock Option (Right to Buy)	$92.8							02/22/2021	02/22/2028	Common Stock	75,802		75,802	I	by TJW Options LLC 2018 Series
Employee Stock Option (Right to Buy)	$92.8							02/22/2021	02/22/2028	Common Stock	75,802		75,802	I	By TJW Options LLC 2018 Series Middle Third
Employee Stock Option (Right to Buy)	$92.8							02/22/2021	02/22/2028	Common Stock	0		0	D
Employee Stock Option (Right to Buy)	$92.46	08/22/2025		G			9,580	02/08/2022	02/08/2029	Common Stock	9,580	$0	80,335	I	By TJW Options LLC 2019 Series Middle Third(2)
Employee Stock Option (Right to Buy)	$92.46	08/22/2025		G		9,580		02/08/2022	02/08/2029	Common Stock	9,580	$0	89,915	I	By TJW Options LLC 2019 Series Middle Third(2)
Employee Stock Option (Right to Buy)	$92.46							02/08/2022	02/08/2029	Common Stock	89,915		89,915	I	By TJW Options LLC 2019 Series First Third
Employee Stock Option (Right to Buy)	$92.46							02/08/2022	02/08/2029	Common Stock	89,916		89,916	I	By TJW Options LLC 2019 Series Last Third
Employee Stock Option (Right to Buy)	$92.46							02/08/2022	02/08/2029	Common Stock	0		0	D

Explanation of Responses:

1. On August 22, 2025, the Thomas J. Wilson 2023-A GRAT Trust assigned 100% of the membership interests in TJW Options LLC 2018 Series Last Third to the Thomas J. Wilson 2020 GRAT Remainder Trust.

2. On August 22, 2025, the Thomas J. Wilson 2023-A GRAT Trust assigned 10.654% of the membership interests in TJW Options LLC 2019 Series Middle Third to the Thomas J. Wilson 2020 GRAT Remainder Trust.

	/s/ Meghan E. Jauhar, attorney-in-fact for Mr. Wilson	08/26/2025
	** 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).
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FAQ

What did Thomas J. Wilson report on Form 4 for ALL?

The Form 4 reports assignments of membership interests in TJW Options LLC series between family trusts on August 22, 2025, affecting indirect holdings of Allstate employee stock options.

Which specific transfers are disclosed in the filing?

The filing discloses a 100% assignment of TJW Options LLC 2018 Series Last Third and a 10.654% assignment of TJW Options LLC 2019 Series Middle Third to the Thomas J. Wilson 2020 GRAT Remainder Trust.

How many option shares are shown in the filing?

The Form 4 lists underlying common stock amounts including 75,802 and 89,915 shares associated with various employee stock option tranches.

What exercise prices are shown for the reported options?

The reported derivative entries show exercise prices of $92.80 and $92.46 for the listed employee stock options.

Did the filing show any open-market sales of Allstate shares?

No open-market sales of Allstate common stock are reported; the document records assignments of LLC membership interests and changes in indirect ownership.