=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-02-24
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: ALLSTATE CORP (ALL)
CIK: 0000899051
--- Reporting Owner ---
Name: Merten Jesse E
CIK: 0001725539
Role: Other (PresPersonalProperty-Liability)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-02-24 | Code: M (Exercise of derivative)
Shares: +1,201 | Price: $0.00
Shares Owned After: 32,834 | Ownership: D (Direct)
Footnotes:
[F1] Conversion of previously awarded Restricted Stock Units (RSUs) into an equal number of common shares, without the payment of any consideration, pursuant to The Allstate Corporation 2019 Equity Incentive Plan. The remaining RSUs will convert on February 24, 2027 and February 24, 2028.
[Transaction #2]
Security: Common Stock
Date: 2026-02-24 | Code: F (Payment of exercise/tax)
Shares: -533 | Price: $209.82
Total Value: $111,834.06
Shares Owned After: 32,301 | Ownership: D (Direct)
[Transaction #3]
Security: Common Stock
Date: 2026-02-25 | Code: M (Exercise of derivative)
Shares: +12,879 | Price: $122.64
Total Value: $1,579,480.56
Shares Owned After: 45,180 | Ownership: D (Direct)
Footnotes:
[F2] The option exercise and sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on November 7, 2025.
[Transaction #4]
Security: Common Stock
Date: 2026-02-25 | Code: M (Exercise of derivative)
Shares: +1,734 | Price: $133.00
Total Value: $230,622.00
Shares Owned After: 46,914 | Ownership: D (Direct)
Footnotes:
[F2] The option exercise and sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on November 7, 2025.
[Transaction #5]
Security: Common Stock
Date: 2026-02-25 | Code: M (Exercise of derivative)
Shares: +19,373 | Price: $137.10
Total Value: $2,656,038.30
Shares Owned After: 66,287 | Ownership: D (Direct)
Footnotes:
[F2] The option exercise and sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on November 7, 2025.
[Transaction #6]
Security: Common Stock
Date: 2026-02-25 | Code: S (Open market sale)
Shares: -8,811 | Price: $207.53
Total Value: $1,828,559.17
Shares Owned After: 57,476 | Ownership: D (Direct)
Footnotes:
[F2] The option exercise and sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on November 7, 2025.
[F3] Reflects weighted average sale price for open-market sales transaction reported herein. Actual sale prices ranged from $206.96 to $207.86. The reporting person provided the issuer, and will provide any security holder of The Allstate Corporation or member of the SEC staff, full information regarding the number of shares sold at each separate price upon request.
[Transaction #7]
Security: Common Stock
Date: 2026-02-25 | Code: S (Open market sale)
Shares: -15,893 | Price: $208.58
Total Value: $3,314,887.24
Shares Owned After: 41,583 | Ownership: D (Direct)
Footnotes:
[F2] The option exercise and sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on November 7, 2025.
[F4] Reflects weighted average sale price for open-market sales transaction reported herein. Actual sale prices ranged from $207.96 to $208.95. The reporting person provided the issuer, and will provide any security holder of The Allstate Corporation or member of the SEC staff, full information regarding the number of shares sold at each separate price upon request.
[Transaction #8]
Security: Common Stock
Date: 2026-02-25 | Code: S (Open market sale)
Shares: -7,982 | Price: $209.40
Total Value: $1,671,469.11
Shares Owned After: 33,601 | Ownership: D (Direct)
Footnotes:
[F2] The option exercise and sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on November 7, 2025.
[F5] Reflects weighted average sale price for open-market sales transaction reported herein. Actual sale prices ranged from $208.97 to $209.96. The reporting person provided the issuer, and will provide any security holder of The Allstate Corporation or member of the SEC staff, full information regarding the number of shares sold at each separate price upon request.
[Transaction #9]
Security: Common Stock
Date: 2026-02-25 | Code: S (Open market sale)
Shares: -1,300 | Price: $210.44
Total Value: $273,570.05
Shares Owned After: 32,301 | Ownership: D (Direct)
Footnotes:
[F2] The option exercise and sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on November 7, 2025.
[F6] Reflects weighted average sale price for open-market sales transaction reported herein. Actual sale prices ranged from $210.06 to $210.47. The reporting person provided the issuer, and will provide any security holder of The Allstate Corporation or member of the SEC staff, full information regarding the number of shares sold at each separate price upon request.
--- Derivative Transactions ---
[Transaction #1]
Security: Restricted Stock Units
Date: 2026-02-24 | Code: M (Exercise of derivative)
Shares: -1,201 | Price: $0.00
Exercisable: N/A | Expires: 2028-02-24
Shares Owned After: 2,402 | Ownership: D (Direct)
Footnotes:
[F1] Conversion of previously awarded Restricted Stock Units (RSUs) into an equal number of common shares, without the payment of any consideration, pursuant to The Allstate Corporation 2019 Equity Incentive Plan. The remaining RSUs will convert on February 24, 2027 and February 24, 2028.
[F1] Conversion of previously awarded Restricted Stock Units (RSUs) into an equal number of common shares, without the payment of any consideration, pursuant to The Allstate Corporation 2019 Equity Incentive Plan. The remaining RSUs will convert on February 24, 2027 and February 24, 2028.
[Transaction #2]
Security: Employee Stock Option (Right to Buy)
Date: 2026-02-25 | Code: M (Exercise of derivative)
Shares: -12,879 | Price: $0.00
Exercisable: N/A | Expires: 2032-02-17
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F2] The option exercise and sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on November 7, 2025.
[Transaction #3]
Security: Employee Stock Option (Right to Buy)
Date: 2026-02-25 | Code: M (Exercise of derivative)
Shares: -1,734 | Price: $0.00
Exercisable: N/A | Expires: 2032-10-05
Shares Owned After: 868 | Ownership: D (Direct)
Footnotes:
[F2] The option exercise and sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on November 7, 2025.
[Transaction #4]
Security: Employee Stock Option (Right to Buy)
Date: 2026-02-25 | Code: M (Exercise of derivative)
Shares: -19,373 | Price: $0.00
Exercisable: N/A | Expires: 2033-02-16
Shares Owned After: 9,687 | Ownership: D (Direct)
Footnotes:
[F2] The option exercise and sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on November 7, 2025.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
--- Footnotes (Complete Index) ---
F1: Conversion of previously awarded Restricted Stock Units (RSUs) into an equal number of common shares, without the payment of any consideration, pursuant to The Allstate Corporation 2019 Equity Incentive Plan. The remaining RSUs will convert on February 24, 2027 and February 24, 2028.
F2: The option exercise and sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on November 7, 2025.
F3: Reflects weighted average sale price for open-market sales transaction reported herein. Actual sale prices ranged from $206.96 to $207.86. The reporting person provided the issuer, and will provide any security holder of The Allstate Corporation or member of the SEC staff, full information regarding the number of shares sold at each separate price upon request.
F4: Reflects weighted average sale price for open-market sales transaction reported herein. Actual sale prices ranged from $207.96 to $208.95. The reporting person provided the issuer, and will provide any security holder of The Allstate Corporation or member of the SEC staff, full information regarding the number of shares sold at each separate price upon request.
F5: Reflects weighted average sale price for open-market sales transaction reported herein. Actual sale prices ranged from $208.97 to $209.96. The reporting person provided the issuer, and will provide any security holder of The Allstate Corporation or member of the SEC staff, full information regarding the number of shares sold at each separate price upon request.
F6: Reflects weighted average sale price for open-market sales transaction reported herein. Actual sale prices ranged from $210.06 to $210.47. The reporting person provided the issuer, and will provide any security holder of The Allstate Corporation or member of the SEC staff, full information regarding the number of shares sold at each separate price upon request.
--- Signature ---
/s/ /s/ Meghan E. Jauhar, attorney-in-fact for Jesse E. Merten (2026-02-26)
