JOHN B. BERDING - 06 May 2021 Form 4 Insider Report for AMERICAN FINANCIAL GROUP INC (AFG)

Role: President of Subsidiary, Director
Signature: John B. Berding by: Karl J. Grafe, as Attorney-in-Fact
Issuer symbol: AFG
Transactions as of: 06 May 2021
Net transactions value: -$1,075,931
Form type: 4
Filing time: 10 May 2021, 16:24:53 UTC
Next filing: 01 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AFG	Common Stock	Options Exercise	$166,807	+4,377	+13%	$38.11	38,171	06 May 2021	Direct
transaction	AFG	Common Stock	Sale	$558,967	-4,377	-11%	$127.71	33,794	06 May 2021	Direct	F1
transaction	AFG	Common Stock	Options Exercise	$176,040	+4,000	+12%	$44.01	37,794	06 May 2021	Direct
transaction	AFG	Common Stock	Sale	$510,822	-4,000	-11%	$127.71	33,794	06 May 2021	Direct	F1
transaction	AFG	Common Stock	Options Exercise	$88,020	+2,000	+5.9%	$44.01	35,794	07 May 2021	Direct
transaction	AFG	Common Stock	Sale	$257,500	-2,000	-5.6%	$128.75	33,794	07 May 2021	Direct
holding	AFG	Common Stock						233	06 May 2021	By Trust
holding	AFG	Common Stock						14,064	06 May 2021	Irrev Children's Trust
holding	AFG	Common Stock						4,162	06 May 2021	ESPP	F2
holding	AFG	Common Stock						19,741	06 May 2021	RASP 401(k)	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AFG	Stock Option Exercise	Options Exercise	$0	-4,377	-100%	$0.000000^*	0	06 May 2021	Common Stock	4,377	$38.11	Direct	F4
transaction	AFG	Stock Option Exercise	Options Exercise	$0	-4,000	-14%	$0.000000	23,728	06 May 2021	Common Stock	4,000	$44.01	Direct	F4
transaction	AFG	Stock Option Exercise	Options Exercise	$0	-2,000	-8.4%	$0.000000	21,728	07 May 2021	Common Stock	2,000	$44.01	Direct	F4
transaction	AFG	Phantom Stock	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$179,509	-1,395	-30%	$128.70	3,250	07 May 2021	Common Stock	1,395		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.41 to $128.09, 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.
F2	Shares owned by the reporting Person in the Issuer's Employee Stock Purchase Plan (the "ESPP"). All ESPP information reporting herein is based on a plan statement dated as of 12/31/2020.
F3	Represents amounts held by Reporting Person in a retirement plan of the Issuer based on a statement dated 12/31/2020.
F4	These Employee Stock Options become exercisable in five equal installments beginning on the first anniversary of the grant date.
F5	Each share of phantom stock is the economic equivalent of one share of AFG common stock. Shares of phantom stock are held in a retirement plan of the issuer and are payable in cash following the reporting person's termination of employment with AFG.