Carl H. Lindner III Disposes of 403 AFG Shares via Gift Transaction

This Form 4 filing reports that Carl H. Lindner III, Co-CEO and Director of American Financial Group Inc. (AFG), disposed of 403 shares of common stock on December 16, 2025, through a gift transaction (code G) at $0 per share. Following this transaction, Lindner's total indirect ownership across various family trusts and entities amounts to 3,142,584 shares. The filing details his holdings through five indirect ownership structures: Martha S. Lindner Family Trust (343,162 shares), Seraphim Partners LLC (838,480 shares), C3 Family Trust 2010-1 (525,043 shares), C3 QAT Trust (493,602 shares), and C3 Legacy Trust (103,131 shares). The transaction represents a minor reduction in his overall holdings and appears to be part of estate planning or family wealth management activities.