[Form 4] CNA Financial Corporation Insider Trading Activity

Rhea-AI Filing Summary

Dino E. Robusto, Executive Chairman and Director of CNA Financial Corp (CNA), reported a sale of common stock on 09/02/2025. The Form 4 shows he disposed of 6,250 shares at a price of $49 per share, leaving beneficial ownership of 686,838.061 shares following the transaction. The filing states the sale was executed under a trading plan adopted on 11/15/2024 intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The Form 4 is signed by a Power of Attorney on behalf of Mr. Robusto and contains no other derivative transactions or amendments.

Positive

• Transaction executed under a Rule 10b5-1 trading plan, indicating the sale was pre-planned and intended to provide an affirmative defense against insider trading claims
• Reporting person retains substantial beneficial ownership (686,838.061 shares) after the transaction

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Insider sale executed under a pre-established Rule 10b5-1 plan; routine disclosure with limited immediate market signal.

The Form 4 documents a non-derivative sale of 6,250 shares at $49 on 09/02/2025 by the Executive Chairman, executed pursuant to a trading plan adopted 11/15/2024. Use of a 10b5-1 plan indicates the trade was pre-planned to provide an affirmative defense against insider trading claims. The filing shows substantial ongoing beneficial ownership (686,838.061 shares), and no derivatives or amendments were reported. From a governance perspective, the disclosure is standard and follows regulatory procedures.

Securities Analyst

TL;DR: Transaction is a disclosed insider sale under a documented plan; the size reported appears routine relative to total holdings.

The report records a straightforward disposition of 6,250 common shares at $49 each on 09/02/2025, with the trade attributed to a Rule 10b5-1(c) plan established 11/15/2024. No derivative instruments are listed. The remaining beneficial ownership is reported as 686,838.061 shares, which communicates continued significant stake. This filing provides transparency on insider activity but contains no additional financial metrics or corporate developments.

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).

X

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^*

Robusto Dino

(Last) (First) (Middle)

151 N. FRANKLIN ST.

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CNA FINANCIAL CORP [ CNA ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		S		6,250(1)	D	$49	686,838.061	D

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. This transaction was made pursuant to a trading plan adopted November 15, 2024 , intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Securities Exchange Act of 1934.

Remarks:

	/s/ Stathy Darcy by Power of Attorney for Dino E. Robusto	09/02/2025
	** 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 did CNA insider Dino E. Robusto report on Form 4 (CNA)?

The Form 4 reports a sale of 6,250 common shares at $49 per share on 09/02/2025, with beneficial ownership of 686,838.061 shares following the transaction.

Was the CNA insider sale part of a trading plan?

Yes. The filing states the transaction was made pursuant to a trading plan adopted on 11/15/2024 to satisfy Rule 10b5-1(c) affirmative defense conditions.

Does the Form 4 for CNA show any derivative transactions?

No. Table II lists no derivative securities; only a non-derivative sale of common stock is reported.

Who signed the CNA Form 4 for Dino E. Robusto?

The Form 4 is signed by /s/ Stathy Darcy by Power of Attorney for Dino E. Robusto with the signature date 09/02/2025.

What roles does Dino E. Robusto have at CNA according to the filing?

The filing lists Dino E. Robusto as a Director and an Officer with the title Executive Chairman.