Carl H. Lindner III Increases Reported Beneficial Ownership in American Financial Group to 6.8%

Carl H. Lindner III, Co-Chief Executive Officer and Director of American Financial Group, Inc. (AFG), filed Amendment No. 11 to his Schedule 13D on April 15, 2026. This voluntary filing updates his beneficial ownership to 5,662,146 shares, representing approximately 6.8% of the company's outstanding common stock. The reporting person's holdings include shares held directly, in various family trusts, a limited liability company, and charitable foundations. Recent activity within the last 60 days includes the acquisition of 11,294 shares of restricted stock on February 26, 2026, and the disposition of 3,810 shares on February 23, 2026, to satisfy tax obligations related to vesting. Mr. Lindner maintains his role in the strategic direction of the company and may adjust his investment based on market conditions, tax planning, or other business opportunities. The filing confirms that this amendment was not triggered by a specific transaction but serves as a comprehensive update to his reported position.