Japan Post Holdings Co., Ltd. 4
4 · AFLAC INC · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Aflac (AFL) 10% Owner Japan Post Holdings Sells Shares
What Happened Japan Post Holdings Co., Ltd. (reported as a 10% owner) sold a total of 10,100 shares of Aflac Inc. (AFL) in open-market transactions on March 19, 2026, generating roughly $1,084,828 in proceeds. The filing shows two reported trades: 8,800 shares at a reported weighted-average price of $107.28 (≈ $944,064) and 1,300 shares at a reported weighted-average price of $108.28 (≈ $140,764). These were sales (not purchases), which are commonly routine disposals by institutional holders and do not necessarily indicate a change in company fundamentals.
Key Details
- Transaction date: 2026-03-19 (filed 2026-03-23; filing appears timely).
- Reported trades: 8,800 shares @ $107.28 (≈ $944,064) and 1,300 shares @ $108.28 (≈ $140,764); total ≈ $1,084,828.
- Footnotes:
- F1/F3: Each reported price is a weighted average covering multiple trades within price ranges (8,800-share trades ranged $106.74–$107.73; 1,300-share trades ranged $107.75–$108.62). Detailed per-trade breakdown is available to the SEC/issuer on request.
- F2: The shares are held directly by J&A Alliance Holdings as trustee for the J&A Alliance Trust. General Incorporated and Kenji Sano may be deemed beneficial owners of those trust-held shares, and Japan Post may be deemed to have a pecuniary interest as sole settlor/beneficiary; each party disclaims beneficial ownership except to the extent of pecuniary interest.
- Shares owned after transaction: Not specified in the provided filing summary.
Context This filing reports institutional selling by a reported 10% owner (not an individual company executive). Sales by large holders are common and, by themselves, are less informative than insider purchases when assessing insider sentiment. The filing’s footnotes clarify the trust/ownership structure and that the reported prices are weighted averages of multiple trades.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-19$107.28/sh−8,800$944,064→ 52,079,900 total(indirect: See footnote) - Sale
Common Stock
[F3][F2]2026-03-19$108.28/sh−1,300$140,764→ 52,078,600 total(indirect: See footnote)
Footnotes (3)
- [F1]The price reported represents the weighted average price of shares of Common Stock of Aflac Inc. (the "Issuer") sold in multiple transactions at prices ranging from $106.74 to $107.73 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.
- [F2]The reported securities are held directly by J&A Alliance Holdings Corporation ("J&A Holdings"), in its capacity as the trustee of the J&A Alliance Trust (the "Trust"). General Incorporated Association J&A Alliance ("General Incorporated") and Kenji Sano each may be deemed to beneficially own the securities held by J&A Holdings (in its capacity as trustee of the Trust) because (i) General Incorporated owns J&A Holdings and (ii) Kenji Sano owns 100% of the equity interests in General Incorporated. Japan Post Holdings Co., Ltd. ("Japan Post") may be deemed to beneficially own the shares of common stock owned directly by J&A Holdings, in its capacity as the trustee of the Trust, due to its role as the sole settlor and beneficiary of the Trust. Each of General Incorporated, Kenji Sano and Japan Post expressly disclaim beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.
- [F3]The price reported represents the weighted average price of shares of Common Stock of the Issuer sold in multiple transactions at prices ranging from $107.75 to $108.62 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.