James L. Hamalainen - 19 Sep 2023 Form 4 Insider Report for AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (ANG-PB)

Role: EVP & Chief Investment Officer
Signature: /s/ Mark A. Schuman, authorized signer
Issuer symbol: ANG-PB
Transactions as of: 19 Sep 2023
Net transactions value: -$2,212,326
Form type: 4
Filing time: 20 Sep 2023, 21:17:02 UTC
Previous filing: 18 Sep 2023
Next filing: 21 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEL	Common Stock	Options Exercise	$1,797,824	+66,463	+346%	$27.05	85,679	19 Sep 2023	Direct
transaction	AEL	Common Stock	Options Exercise	$424,864	+15,506	+18%	$27.40	101,185	19 Sep 2023	Direct
transaction	AEL	Common Stock	Sale	$4,435,015	-81,969	-81%	$54.11	19,216	19 Sep 2023	Direct	F1
holding	AEL	Common Stock						1,370	19 Sep 2023	By ESOP

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	AEL	Options - Right to Buy	Options Exercise	$0	-66,463	-100%	$0.000000^*	0	19 Sep 2023	Common Stock	66,463	$27.05	Direct	F2
transaction	AEL	Options - Right to Buy	Options Exercise	$0	-15,506	-67%	$0.000000	7,753	19 Sep 2023	Common Stock	15,506	$27.40	Direct	F3

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

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $54.06 to $54.23. The price reported in column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold and the prices at which the transactions were settled.
F2	Fifty percent (50%) of the option award granted vested on January 2, 2022, upon the performance of certain company objectives. The remaining fifty percent (50%) of the option award vested on the one year anniversary of the vesting of the initial fifty percent (50%) of the option award.
F3	An award of stock options pursuant to the American Equity Investment Life Holding Company Amended and Restated Equity Incentive Plan, 1/3 of which vested one year from date of grant, 1/3 vested two years from date of grant, and the remaining 1/3 will vest three years from date of grant. One-half of these options became exercisable on February 25, 2022, and the other half became exercisable on February 25, 2023.